What will be the final balance in finished goods inventory

Assignment Help Other Subject

Reference no: EM133655578

Question: Seaside Company's manufacturing overhead is underallocated by $16,000. The following inventory account detail is provided: Allocated Manufacturing Overhead Account Balance in Each Account Balance (before proration) (before proration) Work-in-process $25,750 $11,400 Finished goods 53,225 26,600 Cost of goods sold 75,650 38,000 Total $154,625 $76,000 If Seaside uses the proration approach (based on the amount of manufacturing overhead in ending balances), what will be the final balance in finished goods inventory? Seaside Company's manufacturing overhead is underallocated by $16,000. The following inventory account detail is provided: Allocated Manufacturing Overhead Account Balance in Each Account Balance (before proration) (before proration) Work-in-process $25,750 $11,400 Finished goods 53,225 26,600 Cost of goods sold 75,650 38,000 Total $154,625 $76,000 If Seaside uses the proration approach (based on the amount of manufacturing overhead in ending balances), what will be the final balance in finished goods inventory?

Reference no: EM133655578

Questions Cloud

What are the accounts and amounts credited : Record full amount as Liability Insurance Expense. What are the Accounts and Amounts Debited? What are the Accounts and Amounts Credited

How will the us tax fc on its dividend income from usco : Consider the US-Canada Income Tax Treaty and any Protocols thereto (i.e., revisions) for any potential impact as to your answer. How will the US tax FC

Describe step by step how you would resolve this problem : Describe step by step how you would resolve this problem and Is the amount of the fiscal debit (more than 20% over budget) in this situation a critical factor

How might business learn about proposed process improvement : How might a business learn about a proposed process improvement through a prototyping activity? What is the fundamental purpose of a prototype?

What will be the final balance in finished goods inventory : If Seaside uses the proration approach (based on the amount of manufacturing overhead in ending balances), what will be the final balance in finished goods

Examples of how gender ideologies can differ from the binary : Demonstrate how Gender Ideologies differ around the world. Detail 2 examples of how gender ideologies can differ from the Binary.

Which is sometimes used as an indicator of insurers efforts : It can be difficult to evaluate an insurer's commitment to ESG. Which is sometimes used as an indicator of an insurer's efforts toward ESG targets?

What amount of cash did dr. popper collect : What amount of cash did Dr. Popper collect from customers in 20x3? Compute the company's net profit margin for the three years presented

Which devices provide information to jacob insurance company : Six months after switching to user-based auto insurance, Jacob was advised. Which devices would provide this information to Jacob's insurance company?

User Account

All Pages