Homework Answers
22.
Direct materials used during 2018 = Direct materials, Beginning + Direct materials, purchase- Direct materials, ending
= 348,000+3,140,000-280,000
= $3,208,000
23.
| Direct materials used during 2018 | 3,208,000 |
| Direct manufacturing labor | 2,176,000 |
| Manufacturing overheads: | |
| Sandpaper | 32,000 |
| Materials handling | 320,000 |
| Coolants & lubricants | 22,400 |
| Indirect manufacturing labor | 275,200 |
| Leasing cost plant | 384,000 |
| Depreciation- equipment | 224,000 |
| Property taxes- equipment | 32,000 |
| Fire insurance- equipment | 16,000 |
| Total Manufacturing Costs | $6,689,600 |
24.
Cost of goods manufactured for 2018 = Work in process inventory, beginning + Total manufacturing costs - Work in process inventory, ending
= 96,000+6,689,600-64,000
= $6,721,600
25.
Cost of goods sold for 2018 = Finished goods inventory, beginning + Cost of goods manufactured - Finished goods inventory, ending
= 672,000+6,721,600-1,280,000
= $6,113,600
Kindly comment if you need further assistance. Thanks‼!
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compute cost ok f goods manufactured during the year. b- compute operating income ( income from...
compute cost ok f goods manufactured during the
year.
b- compute operating income ( income from operations) for the
year.
c- compute cost of direct materials used during the year.
d- compute cost of goods sold during the year.
please send me the answers.
thanks.
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compute cost ok f goods manufactured during the
year.
b- compute operating income ( income from operations) for the
year.
c- compute cost of direct materials used during the year.
d- compute cost of goods sold during the year.
please send me the answers.
thanks.
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