How much will be allocated to the ending inventory


Before prorating overhead, the current period overhead component of Cost of Goods Sold for Wilmington Company was $230,000, while the current period overhead component of the ending inventory was $80,000. Manufacturing overhead of $310,000 was applied during the period, whereas $296,000 was actually incurred. Wilmington has no Work-in-Process inventory at the end of the period. If the manufacturing overhead-variance is prorated between inventory and cost of goods sold,  how much will be allocated to the ending inventory?

 

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Accounting Basics: How much will be allocated to the ending inventory
Reference No:- TGS070493

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