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Smith and Hodges Produce Notions for the Clothing Industry A Using T Accounts and Traditional Costing, Show the Flow

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Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows:
$\begin{array}{|lr|}\hline \text { Direct materials purchased on account and used } & 26,815 \\\text { Parts purchased on account and used } & 19,320 \\\text { Direct labor costs incurred } & 17,000 \\\text { Overhead costs applied } & 59,400 \\\text { Cost of goods completed during February } & 119,635 \\\text { Ending work in process inventory } & 2,900 \\\text { Ending finished goods inventory } & 1,850 \\\hline\end{array}$
a. Using T accounts and traditional costing, show the flow of costs.
$Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows: \begin{array}{|lr|} \hline \text { Direct materials purchased on account and used } & 26,815 \\ \text { Parts purchased on account and used } & 19,320 \\ \text { Direct labor costs incurred } & 17,000 \\ \text { Overhead costs applied } & 59,400 \\ \text { Cost of goods completed during February } & 119,635 \\ \text { Ending work in process inventory } & 2,900 \\ \text { Ending finished goods inventory } & 1,850 \\ \hline \end{array} a. Using T accounts and traditional costing, show the flow of costs. b. Using T accounts and a backflush costing system, show the flow of costs. c. What is the total cost of goods sold for the month of February?$
$Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows: \begin{array}{|lr|} \hline \text { Direct materials purchased on account and used } & 26,815 \\ \text { Parts purchased on account and used } & 19,320 \\ \text { Direct labor costs incurred } & 17,000 \\ \text { Overhead costs applied } & 59,400 \\ \text { Cost of goods completed during February } & 119,635 \\ \text { Ending work in process inventory } & 2,900 \\ \text { Ending finished goods inventory } & 1,850 \\ \hline \end{array} a. Using T accounts and traditional costing, show the flow of costs. b. Using T accounts and a backflush costing system, show the flow of costs. c. What is the total cost of goods sold for the month of February?$
$Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows: \begin{array}{|lr|} \hline \text { Direct materials purchased on account and used } & 26,815 \\ \text { Parts purchased on account and used } & 19,320 \\ \text { Direct labor costs incurred } & 17,000 \\ \text { Overhead costs applied } & 59,400 \\ \text { Cost of goods completed during February } & 119,635 \\ \text { Ending work in process inventory } & 2,900 \\ \text { Ending finished goods inventory } & 1,850 \\ \hline \end{array} a. Using T accounts and traditional costing, show the flow of costs. b. Using T accounts and a backflush costing system, show the flow of costs. c. What is the total cost of goods sold for the month of February?$
$Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows: \begin{array}{|lr|} \hline \text { Direct materials purchased on account and used } & 26,815 \\ \text { Parts purchased on account and used } & 19,320 \\ \text { Direct labor costs incurred } & 17,000 \\ \text { Overhead costs applied } & 59,400 \\ \text { Cost of goods completed during February } & 119,635 \\ \text { Ending work in process inventory } & 2,900 \\ \text { Ending finished goods inventory } & 1,850 \\ \hline \end{array} a. Using T accounts and traditional costing, show the flow of costs. b. Using T accounts and a backflush costing system, show the flow of costs. c. What is the total cost of goods sold for the month of February?$
b. Using T accounts and a backflush costing system, show the flow of costs.
$Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows: \begin{array}{|lr|} \hline \text { Direct materials purchased on account and used } & 26,815 \\ \text { Parts purchased on account and used } & 19,320 \\ \text { Direct labor costs incurred } & 17,000 \\ \text { Overhead costs applied } & 59,400 \\ \text { Cost of goods completed during February } & 119,635 \\ \text { Ending work in process inventory } & 2,900 \\ \text { Ending finished goods inventory } & 1,850 \\ \hline \end{array} a. Using T accounts and traditional costing, show the flow of costs. b. Using T accounts and a backflush costing system, show the flow of costs. c. What is the total cost of goods sold for the month of February?$
$Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows: \begin{array}{|lr|} \hline \text { Direct materials purchased on account and used } & 26,815 \\ \text { Parts purchased on account and used } & 19,320 \\ \text { Direct labor costs incurred } & 17,000 \\ \text { Overhead costs applied } & 59,400 \\ \text { Cost of goods completed during February } & 119,635 \\ \text { Ending work in process inventory } & 2,900 \\ \text { Ending finished goods inventory } & 1,850 \\ \hline \end{array} a. Using T accounts and traditional costing, show the flow of costs. b. Using T accounts and a backflush costing system, show the flow of costs. c. What is the total cost of goods sold for the month of February?$
$Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows: \begin{array}{|lr|} \hline \text { Direct materials purchased on account and used } & 26,815 \\ \text { Parts purchased on account and used } & 19,320 \\ \text { Direct labor costs incurred } & 17,000 \\ \text { Overhead costs applied } & 59,400 \\ \text { Cost of goods completed during February } & 119,635 \\ \text { Ending work in process inventory } & 2,900 \\ \text { Ending finished goods inventory } & 1,850 \\ \hline \end{array} a. Using T accounts and traditional costing, show the flow of costs. b. Using T accounts and a backflush costing system, show the flow of costs. c. What is the total cost of goods sold for the month of February?$
$Smith and Hodges produce notions for the clothing industry. It uses four work cells for its four product lines. Just-in-time operations and costing methods have recently been adopted. A overhead rate of $9.50 per machine hour is applied to work cell #2. There were no beginning inventories on February 1. Operating costs for February for work cell #2 are as follows: \begin{array}{|lr|} \hline \text { Direct materials purchased on account and used } & 26,815 \\ \text { Parts purchased on account and used } & 19,320 \\ \text { Direct labor costs incurred } & 17,000 \\ \text { Overhead costs applied } & 59,400 \\ \text { Cost of goods completed during February } & 119,635 \\ \text { Ending work in process inventory } & 2,900 \\ \text { Ending finished goods inventory } & 1,850 \\ \hline \end{array} a. Using T accounts and traditional costing, show the flow of costs. b. Using T accounts and a backflush costing system, show the flow of costs. c. What is the total cost of goods sold for the month of February?$
c. What is the total cost of goods sold for the month of February?

Smith and Hodges Produce Notions for the Clothing Industry A Using T Accounts and Traditional Costing, Show the Flow

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