The following information was obtained from the accounting records of Feddersen Company:
Direct materials inventory, beginning $ 33,750
Direct materials inventory, ending 28,125
Work-in-process inventory, beginning –0–
Work-in-process inventory, ending 18,750
Finished goods inventory, beginning 16,875
Finished goods inventory, ending 18,750
Direct materials purchased 187,500
Direct labor 122,500
Indirect labor 40,000
Depreciation, factory 33,750
Depreciation, factory machinery 17,500
Utilities, factory and machinery 20,000
Insurance, factory and machinery 12,500
Selling and administrative expenses 70,000
Property taxes, factory 25,000
Manufacturing overhead, applied 147,000
A. Determine the over- or under applied overhead for the period.
B. Prepare a cost of goods manufactured report.
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