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How much overhead was applied to jobs during the year

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Question - At the end of the year, but before an adjustment had been made to close Manufacturing Overhead Control, A-1 Frames had the following account balances:

Raw Materials Inventory - $ 126,831

Work in Process Inventory - $ 147,470

Finished Goods Inventory - $ 343,100

Cost of Goods Sold - $1,959,630

At the beginning of the year, management had estimated that total manufacturing overhead would be $550,940 and had planned to apply overhead to jobs based on an estimated use 42,380 of machine hours. The actual number of machine hours used during the year was 45,800, and actual manufacturing overhead cost for the year was $621,300.

How much overhead was applied to jobs during the year?

Reference no: EM131894207

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