ing overhead for the year would be $175,100 year included the following results for the ctual direct labor hours 182 900 20,500 If the company allocates manufacturing overhead based on direct labor would have been(Round intermediary calculations to the hours, the manufacturing overhead for the year cent.) 27) The followi Manufacturing Company: ng account balances at the beginning of January were selected from the general ledger of Fresh Bagel in presess neatory Raw materials inventory Finished goods inventory 28,200 500 Additional data 1. Actual manufacturing overhead for January amounted to $67,900. 2. Total direct labor cost for January was $63,400. 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $255,000 of direct labor cost and $382,500 of manufacturing overhead costs 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5800 (1200 direct labor hours) and total direct material charges were $14,500 5. Cost of direct materials placed in production during January totaled $123,200. There were no indirect mate requisitions during January 6. January 31 balance in raw materials inventory was $35,500. 7. Finished goods inventory balance on January 31 was $34,500. 3,rect laborvad What is the unadjusted cost of goods sold for January?
Step 1: Calculate Overhead Application Rate
Step 2: Calculate cost of Goods Manufactured
Step 3: Calculate Cost of Goods Sold
Therefore the Unadjusted cost of goods sold is $ 251,400
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| Budgeted Manufacturing Overhead Budget | = | 382,500 |
| Budgeted Laour Cost | = | 255,000 |
| Overhead Application Rate (382500/255000) | = | 150% |
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