During last period, a company's overhead rate was 150% of direct labor cost. This caused factory overhead to be $10,000 over applied. Use the following incomplete accounts to determine the cost of goods manufactured.Goods in Process Inventory Finished Goods Inventory.
- Beg Bal. 10,000 Beg. Bal. 30,000.
- D.M. 80,000 ?
- D.L. ?
- O.H. ? COGM ?
End Bal 20,000 End Bal. 70,000
Factory Overhead
50,000
- $130,000
- $170,000
- $40,000
- $60,000
- $90,000