Foutney Incorporated has provided the following data for the month of October. There were no
beginning inventories; consequently, the direct materials, irect labot, and manufacturing
overhead applied listed below are all for the current month. Manufacturing overhead for the
month was overapplied by $7 , 000 . The Corporation allocotes any underapplied or overapplied
manufacturing overhead among work in process, finished goods, and cost of goods soid at the
end of the month on the basis of the manufacturing overhead applied during the month in those
accounts. The finished goods inventory at the end of October after allocation of any underapplied
or overapplied manufacturing overhead for the month is ciosost to: Muleiple Chales s33374
531,410 syssbo.
Foutney Incorporated has provided the following data for the month of.pdf
1. Foutney Incorporated has provided the following data for the month of October. There were no
beginning inventories; consequently, the direct materials, irect labot, and manufacturing
overhead applied listed below are all for the current month. Manufacturing overhead for the
month was overapplied by $7 , 000 . The Corporation allocotes any underapplied or overapplied
manufacturing overhead among work in process, finished goods, and cost of goods soid at the
end of the month on the basis of the manufacturing overhead applied during the month in those
accounts. The finished goods inventory at the end of October after allocation of any underapplied
or overapplied manufacturing overhead for the month is ciosost to: Muleiple Chales s33374
531,410 syssbo
