Bowers Industries' beginning and ending inventories for the month of September are: Production data for the month of September are: Bowers uses one overhead control account and charges overhead to production at 70% of direct labor cost.The company does not formally recognize over/underapplied overhead until year-end. Required: (a) What are the company's prime costs for September? (b) What are the company's total manufacturing costs for September? (c) What is the amount of costs of goods transferred to ﬁnished goods inventory for September? (d) What is the amount of cost of goods sold for September?

Question

Bowers Industries' beginning and ending inventories for the month of September are:  Production data for the month of September are:  Bowers uses one overhead control account and charges overhead to production at 70% of direct labor cost.The company does not formally recognize over/underapplied overhead until year-end. Required: (a) What are the company's prime costs for September? (b) What are the company's total manufacturing costs for September? (c) What is the amount of costs of goods transferred to ﬁnished goods inventory for September? (d) What is the amount of cost of goods sold for September?

Quizplus · Accepted Answer

The Answer of Bowers Industries' beginning and ending inventories for the month of September are:  Production data for the month of September are:  Bowers uses one overhead control account and charges overhead to production at 70% of direct labor cost.The company does not formally recognize over/underapplied overhead until year-end. Required: (a) What are the company's prime costs for September? (b) What are the company's total manufacturing costs for September? (c) What is the amount of costs of goods transferred to ﬁnished goods inventory for September? (d) What is the amount of cost of goods sold for September?

Bowers Industries' Beginning and Ending Inventories for the Month of September