Homework Answers
a)
Schedule of direct materials used
|
Beginning raw material inventory |
5,200 |
|
Add: Purchases of raw material |
85,000 |
|
Total raw materials available |
90,200 |
|
Less: Ending raw materials inventory |
- 4,500 |
|
Raw materials used in production |
85,700 |
Raw materials used in production = $85,700
b)
Schedule of Total manufacturing cost
| Raw materials used in production | 85,700 |
| Direct labor | 20,000 |
| Raw materials used in production | 30,000 |
| Total manufacturing cost | $135,700 |
Total manufacturing cost = $135,700
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