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Selected Accounts from Madison Company Are Provided Below:

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Selected accounts from Madison Company are provided below:
$Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ $Selected accounts from Madison Company are provided below: Required: Determine the following: \begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\ \hline 1 & \text { Actual overhead costs } & \\ \hline 2 & \text { Cost of poods marufactured } & \\ \hline 3 & \text { Cost of goods sold } & \\ \hline 4 & \text { Direct labor cost incured } & \\ \hline 5 & \text { Direct materials used } & \\ \hline 6 & \text { Estirnated overhead charged to production } & \\ \hline 7 & \text { Finished goods ending inventory } & \\ \hline 8 & \text { Grossmargin } & \\ \hline 9 & \text { Income } & \\ \hline 10 & \text { Indirect materials used in production } & \\ \hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\ &\text { under-applied) }\\ \hline 12 & \text { Raw materials purchased } & \\ \hline 13 & \text { Raw materials ending inventory } & \\ \hline 14 & \text { Work in process ending inventory } & \\ \hline \end{array}$ Required:
Determine the following:
$\begin{array} { |l | l | l | } \hline & \text { Item } & \text { Amount } \\\hline 1 & \text { Actual overhead costs } & \\\hline 2 & \text { Cost of poods marufactured } & \\\hline 3 & \text { Cost of goods sold } & \\\hline 4 & \text { Direct labor cost incured } & \\\hline 5 & \text { Direct materials used } & \\\hline 6 & \text { Estirnated overhead charged to production } & \\\hline 7 & \text { Finished goods ending inventory } & \\\hline 8 & \text { Grossmargin } & \\\hline 9 & \text { Income } & \\\hline 10 & \text { Indirect materials used in production } & \\\hline 11 & \text { Over- or winder-applied (show dollar amount and whether over-or } & \\&\text { under-applied) }\\\hline 12 & \text { Raw materials purchased } & \\\hline 13 & \text { Raw materials ending inventory } & \\\hline 14 & \text { Work in process ending inventory } & \\\hline\end{array}$

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