How are manufacturing costs classified quizlet?

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The following information is available for the current year ending December 31:
Manufacturing overhead applied = $150,000
Actual amount of manufacturing overhead costs = 120,000
Amount of overhead applied during the year that is in:
-Work in process = $37,500, 25%
-Finished Goods = 52,000, 35%
-Cost of Goods Sold = 60,000, 40%
Total overhead applied = $150,000, 100%

If the Manufacturing Overhead account is closed to Cost of Goods Sold, the related entry will

The following information is available for the current year ending December 31:
Manufacturing overhead applied = $150,000
Actual amount of manufacturing overhead costs = 120,000
Amount of overhead applied during the year that is in:
-Work in process = $37,500, 25%
-Finished Goods = 52,000, 35%
-Cost of Goods Sold = 60,000, 40%
Total overhead applied = $150,000, 100%

If the Manufacturing Overhead account is closed proportionally to Work in Process, Finished Goods, and Cost of Goods Sold, the related entry will include a

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Ralph's Cafe has the following information for June.

Cost of materials placed in production$45,000
Direct labor20,000
Factory overhead14,000
Work in process inventory, June 12,900
Work in process inventory, June 303,500
Finished goods inventory, June 15,000
Finished goods inventory, June 304,700

What is the cost of goods sold?

a.$78,700
b.$79,000
c.$83,400
d.$78,400

a.$78,700

Work in process inventory, June 1$2,900
Cost of materials placed in production$45,000
Direct labor20,000
Factory overhead14,000
Total manufacturing costs incurred79,000
Total manufacturing costs$81,900
Work in process inventory, June 30(3,500)
Cost of goods manufactured$78,400
Finished goods inventory, June 1$5,000
Cost of goods manufactured78,400
Cost of finished goods available for sale$83,400
Finished goods inventory, June 30(4,700)
Cost of goods sold$78,700