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Author Question: The following data is available for Sykes Company, a small manufacturing firm, for the month ... (Read 83 times)

skymedlock

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on: Jan 4, 2020
The following data is available for Sykes Company, a small manufacturing firm, for the month of
October:

Actual manufacturing overhead costs incurred$158,000
Manufacturing overhead allocated to jobs108,000
Under allocated manufacturing overhead$50,000
At the end of the month the accounting records indicate:
Jobs still in Work in Process 30%
Jobs still in Ending Inventory20%
Jobs completed and sold50%

Assume that the amount of under allocated manufacturing overhead is considered material.
Indicate the direction (increase/decrease) and amount of the adjustment Sykes Company will make, to dispose of the under allocation, to each of the following inventory accounts:

Work in Process: ________
Ending Inventory: ________
Cost of Goods Sold: ________
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by skymedlock on Jan 4, 2020

patma1981

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Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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skymedlock

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review

miss.ashley

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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