Ihave the following problem that I am stuck on: Data: Factory overhead applied t

Question

Ihave the following problem that I am stuck on:

Data:
Factory overhead applied to production(direct materials plus labor) at 300%
no proration for under or overapplied overhead.
Inventory below is after disposition of any over- or under- applied overhead:
direct labor=$100,000
Begin bal direct materials=$20000
end bal direct materials=$20000
purchased $50000 direct materials
begin bal WIP=$300000
end bal WIP=$300000
COGS=$350000
Finished goods begin bal=$100000
Finished goods end bal=$200000

I need to find:
1> Direct materials used
2> Factory overhead applied
3> Cost of goods manufactured
4> Actual Factory overhead for the period.

Any help would be great!

Explanation / Answer

its simple 1. $50000$ 2. $100,000 + $50000 - $350000 -($200000-$100000) this will come negative its overhead profit 3. ($200000-$100000) 4. ans2. - $300000 PLEASE RATE

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