What Is the Amount of Direct Materials Cost in the March

Which of the following would be included in the entry to dispose of the under- or over applied overhead cost for the month? A) A debit of $50 to Cost of Goods Sold. B) A debit of $50 to Manufacturing Overhead. C) A debit of $5,500 to Manufacturing Overhead. D) A credit of $5,500 to Cost of Goods SolD. OH applied = 26,500 * .7 = 18,550 less actual of 18,500 = $50 overapplieD.

What was the March 1 balance in the Raw Materials inventory? A) $10,500. B) $9,500. C) $6,500. D) $8,500.