partial operating data for charing cross company are presented b 281377

Partial operating data for Charing Cross Company are presented below. Charing Cross Company’s management has set the predetermined overhead rate for the current year at 80 percent of direct labor costs.

Account/Transaction………………………………………………..December

Beginning Materials Inventory ……………………………………. $ 42,000

Beginning Work in Process Inventory…………………………….. 66,000

Beginning Finished Goods Inventory …………………………….. 29,000

Direct materials used ……………………………………………… 168,000

Direct materials purchased………………………………………… a

Direct materials purchased………………………………………… 382,000

Overhead applied …………………………………………………. b

Cost of units completed ………………………………………….. c

Cost of Goods Sold ……………………………………………… 808,000

Ending Materials Inventory………………………………………. 38,000

Ending Finished Goods Inventory……………………………….. d

Using T accounts and the data provided, compute the unknown values. Show all your computations.