At the beginning of the year,Rupert Manufacturing had the following account balances:

The following additional details are provided for the year:
$$\begin{array} { l l }
\text { Direct materials placed in production } & \$80 , 000 \
\text { Direct labor incurred } & 190,000 \
\text { Manufacturing overhead incursed } & 300,000 \
\text { Manufacturing overhead allocated to production } & 295,000 \
\text { Cost of jobs completed } & 500,000 \
\text { Jobs sold for total revenue of } & 750,000 \
\text { Cost of jobs sold } & 440,000
\end{array}$$ The remaining balance of Manufacturing Overhead was adjusted to zero.Calculate the ending balances in Work-in-Process Inventory,Finished Goods Inventory,Manufacturing Overhead (unadjusted),and Cost of Goods Sold (after adjustment.)

Question

At the beginning of the year,Rupert Manufacturing had the following account balances:

The following additional details are provided for the year:
 $$\begin{array} { l l } 
\text { Direct materials placed in production } & \$80 , 000 \
\text { Direct labor incurred } & 190,000 \
\text { Manufacturing overhead incursed } & 300,000 \
\text { Manufacturing overhead allocated to production } & 295,000 \
\text { Cost of jobs completed } & 500,000 \
\text { Jobs sold for total revenue of } & 750,000 \
\text { Cost of jobs sold } & 440,000
\end{array}$$ The remaining balance of Manufacturing Overhead was adjusted to zero.Calculate the ending balances in Work-in-Process Inventory,Finished Goods Inventory,Manufacturing Overhead (unadjusted),and Cost of Goods Sold (after adjustment.)

Quizplus · Accepted Answer

The Answer of At the beginning of the year,Rupert Manufacturing had the following account balances:

The following additional details are provided for the year:
 $$\begin{array} { l l } 
\text { Direct materials placed in production } & \$80 , 000 \
\text { Direct labor incurred } & 190,000 \
\text { Manufacturing overhead incursed } & 300,000 \
\text { Manufacturing overhead allocated to production } & 295,000 \
\text { Cost of jobs completed } & 500,000 \
\text { Jobs sold for total revenue of } & 750,000 \
\text { Cost of jobs sold } & 440,000
\end{array}$$ The remaining balance of Manufacturing Overhead was adjusted to zero.Calculate the ending balances in Work-in-Process Inventory,Finished Goods Inventory,Manufacturing Overhead (unadjusted),and Cost of Goods Sold (after adjustment.)

At the Beginning of the Year,Rupert Manufacturing Had the Following