Schedule of cost of goods manufactured | ||||
For month ended April 30 | ||||
Direct materials used | 455000 | |||
Direct labor used | 340000 | |||
Factory overhead applied | 170000 | |||
Total manufacturing costs | 965000 | |||
Add: Work in Process, March 31 | 121000 | |||
Total cost of work in Process | 1086000 | |||
Less: Work in Process, April 30 | 257500 | |||
Cost of goods manufactured | 828500 | |||
Workings: | ||||
Job 306 | Job 307 | Job 308 | April Total | |
From March | ||||
Direct Materials | 29000 | 35000 | 64000 | |
Direct Labor | 20000 | 18000 | 38000 | |
Applied overhead | 10000 | 9000 | 19000 | |
Beginning goods in process | 59000 | 62000 | 0 | 121000 |
For April | ||||
Direct Materials | 135000 | 220000 | 100000 | 455000 |
Direct Labor | 85000 | 150000 | 105000 | 340000 |
Applied overhead | 42500 | 75000 | 52500 | 170000 |
Total costs added in April | 262500 | 445000 | 257500 | 965000 |
Total costs (April 30) | 321500 | 507000 | 257500 | 1086000 |
Status on April 30 | Finished (sold) | Finished (unsold) | In process | |
April 30 cost included in: | Cost of goods sold | Finished goods inventory | Goods in process inventory |
Number 3 Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2,...
Required Information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 (The following information applies to the questions displayed below) Marcelino Co.'s March 31 Inventory of raw materials is $88,000 Raw materials purchases in April are $540,000, and factory payroll cost In April is $376,000. Overhead costs incurred in Aprilare: Indirect materials, $60,000, Indirect labor, $22,000 factory rent, $39.000; factory utilities. $23.000, and factory equipment depreciation, 561,000. The predetermined overhead rate is 50% of direct...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $31,000; factory utilities, $24,000; and factory equipment depreciation, $59,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $384,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $27,000; factory rent, $37,000; factory utilities, $23,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50%...
Required information Problem 19-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $387,000. Overhead costs incurred in April are: Indirect materials. $60,000, indirect labor, $28,000 factory rent, $38,000; factory utilities, $22,000, and factory equipment depreciation, $53,000. The predetermined overhead rate is 50%...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $590,000, and factory payroll cost in April is $379,000. Overhead costs incurred in April are indirect materials, 551,000, indirect labor, $22.000; factory rent, $35,000; factory utilities, $25,000, and factory equipment depreciation, $59,000. The predetermined overhead rate is 50%...
Number 1 please do all of them. Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 The following information applies to the questions displayed below.) Part 1 of 4 Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and...
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are indirect materials, $53,000, indirect labor, $27,000, factory rent, $36,000, factory utilities, $22,000, and factory equipment depreciation, $52,000. The predetermined overhead rate is 50%...
Required informationProblem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4[The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $380,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $22,000; factory rent, $37,000; factory utilities, $19,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost....
Required Information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $385,000. Overhead costs incurred in Aprilare: indirect materials, $58,000, Indirect labor. $29,000; factory rent. $30.000; factory utilities, $22,000: and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000. Overhead costs incurred in Aprilare: indirect materials, $50,000; Indirect labor $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor...