I need to know the formula used for each question mark if possible, thank you.
Homework Answers
a.
Total manufacturing cost = Direct materials + Direct labor + Manufacturing overhead
= 38,000+80,000+48,000
= $166,000
Cost of goods manufactured = Total manufacturing cost + Work in process, beginning- Work in process, ending
= 166,000+120,000-96,000
= $190,000
b.
Cost of goods manufactured = Total manufacturing cost + Work in process, beginning- Work in process, ending
311,000 = 292,000+Work in process, beginning - 98,000
Work in process, beginning= $117,000
c.
Cost of goods manufactured = Total manufacturing cost + Work in process, beginning- Work in process, ending
515,000 = 290,000+403,000-Work in process, ending
Work in process, ending = $178,000
| Direct materials used | Direct labor | Manufacturing overhead | Total Manufacturing cost | Work in process (1/1) | Work in process (12/31) | Cost of goods Manufactured | |
| (a) | 38,000 | 80,000 | 48,000 | 166,000 | 120,000 | 96,000 | 190,000 |
| (b) | 149,000 | 53,000 | 90,000 | 292,000 | 117,000 | 98,000 | 311,000 |
| (c) | 53,000 | 116,000 | 121,000 | 290,000 | 403,000 | 178,000 | 515,000 |
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I need to know the formula used for each question mark if
possible, thank you.
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? Help me please
Cal Nelson recently took over as the controller of Archer Brothers Manufacturing, Last month, the previous controller left the company with little notice and left the Bocounting records in disarray. Cal needs the ending inventory balances to report first-quartor numbers. For the previous month (March 2017) Ron was able to piece together the following Information: (Click the icon to view the information for March 2017.) Read the...
can you show the formula u used in excel. thank
you!
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