How much will be allocated to finished goods inventory

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Reference no: EM13913035

Before prorating the manufacturing overhead costs at the end of 2012, the Cost of Goods Sold and Finished Goods Inventory had applied overhead costs of $58,950 and $20,400 in them, respectively. There was no Work-in-Process at the beginning or end of 2012. During the year, manufacturing overhead costs of $75,800 were actually incurred. The balance in the Applied Manufacturing Overhead was $79,350 at the end of 2012. If the under or overapplied overhead is prorated between Cost of Goods Sold and the inventory accounts, how much will be allocated to the Finished Goods Inventory? (round your answer to the nearest dollar amount.)

$913.

$1,228.

$2,637.

$955

Reference no: EM13913035

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