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What is the portion of under-applied overhead

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Reference no: EM132481234

Bayview Manufacturing has $16,000 of under-applied overhead in Manufacturing Overhead at December 31 and the following account balances at year end:

Work in Process Inventory $10,000

Finished Goods Inventory 20,000

Cost of Goods Sold 70,000

Total costs$ 100,000

Question 1: What The portion of under-applied overhead that should be applied to Cost of Goods Sold is

Option 1: $16,000.

Option 2: $11,200.

Option 3: $1,120.

Option 4: ($11,200)

Reference no: EM132481234

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