The following information is available for Tomlin Company.
Homework Answers
Solution
| TOMLIN COMPANY | |||
| Cost of Goods Manufactured schedule | |||
| For the Month ended April 30 | |||
| Work in process. April 1 | $ 5,290.00 | ||
| Direct materials used | |||
| Raw material April, 1 | $ 10,400 | ||
| Raw material Purchased | $ 98,200 | ||
| Raw material available for use | $ 108,600 | ||
| Less: Raw material, April 30 | $ 13,800 | ||
| Direct Material Used | $ 94,800 | ||
| Direct labor | $ 79,700 | ||
| Manufacturing Overheads | $ 160,000 | ||
| Total manufacturing cost incurred during the year | $ 334,500 | ||
| Total manufactiuring cost to account for | $ 339,790 | ||
| Less: Work in process, April 30 | $ 3,340 | ||
| Cost of goods manufactured | $ 336,450 | ||
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The following information is available for Tomlin Company.
Raw materials inventory Work in process inventory April...
The following information is available for Tomlin Company. Raw materials inventory Work in process inventory April...
The following information is available for Tomlin Company. Raw materials inventory Work in process inventory April 1 April 30 $10,300 $13,900 4,930 3,850 Materials purchased in April Direct labor in April Manufacturing overhead in April $98,500 79,900 162,000 Prepare the cost of goods manufactured schedule for the month of April. Cost of Goods Manufactured Schedule
April April 30 Raw materials inventory Work in process inventory $10,400$13,900 3,320 5,010 Materials purchased in...
April April 30 Raw materials inventory Work in process inventory $10,400$13,900 3,320 5,010 Materials purchased in April Direct labor in April Manufacturing overhead in April $98,300 80,300 162,000 Prepare the cost of goods manufactured schedule for the month of April. TOMLIN COMPANY of Goods Manufactured Schedule For the Month Ended April 30 Work in process, April 1 5,010 Direct Materials Raw Materials, April 1 10,400 Raw Materials Purchases 98,300 sat e0,.30 Total Raw Materials Available for Use Less-| Raw Materials,...
The following information is available for Tomlin Company. April 1 April 30 Raw materials inventory $10,000...
The following information is available for Tomlin
Company.
April 1
April 30
Raw materials inventory
$10,000
$13,500
Work in process inventory
4,500
3,000
Materials purchased in April
$97,500
Direct labor in April
79,500
Manufacturing overhead in April
155,000
Prepare the cost of goods manufactured schedule for the month of
April.
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The following information is available for Indigo Company. Raw materials inventory Work in process inventory April...
The following information is available for Indigo Company. Raw materials inventory Work in process inventory April 1 $10,300 4,950 April 30 $14,100 3,740 Materials purchased in April Direct labor in April Manufacturing overhead in April $98,000 79,800 160,000 Prepare the cost of goods manufactured schedule for the month of April. CALCULA INDIGO COMPANY Cost of Goods Manufactured Schedule
Why are these answers wrong? Your answer is partially correct. The following information is available for...
Why are these answers wrong?
Your answer is partially correct. The following information is available for Tomlin Company. Raw materials inventory Work in process inventory April 1 $11,000 5,410 April 30 $14,300 3,660 Materials purchased in April Direct labor in April Manufacturing overhead in April $97,700 80,300 155,000 Prepare the cost of goods manufactured schedule for the month of April. TOMLIN COMPANY Cost of Goods Manufactured Schedule For the Month Ended April 30 Work in process, April 1 $ Direct...
The following information is available for Blue Company April 1 April 30 Raw materials inventory $10,600...
The following information is available for Blue Company April 1 April 30 Raw materials inventory $10,600 $14,500 Work in process inventory 4,980 3,300 Materials purchased in April $97,900 Direct labor in April 80,300 Manufacturing overhead in April 155,000 Prepare the cost of goods manufactured schedule for the month of April. BLUE COMPANY Cost of Goods Manufactured Schedule $ $
l SHERIDAN COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) $215,370 Direct materials Raw...
l SHERIDAN COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) $215,370 Direct materials Raw materials inventory (1/1) $ ____ Add: Raw materials purchases 164,870 Total raw materials available for use ______ Less: Raw materials inventory (12/31) 27,100 Direct materials used $183,400 Direct labor ______ Manufacturing overhead Indirect labor 21,960 Factory depreciation 36,430 Factory utilities 71,750 Total overhead 130,140 Total manufacturing costs 419090 Total cost of work in process ______ Less: Work in process (12/31) 88,810 Cost of goods...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $25,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are...
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 factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
The following information is available for Tomlin Company. Raw materials inventory Work in process inventory April 1 April 30 $10,300 $13,900 4,930 3,850 Materials purchased in April Direct labor in April Manufacturing overhead in April $98,500 79,900 162,000 Prepare the cost of goods manufactured schedule for the month of April. Cost of Goods Manufactured Schedule
April April 30 Raw materials inventory Work in process inventory $10,400$13,900 3,320 5,010 Materials purchased in April Direct labor in April Manufacturing overhead in April $98,300 80,300 162,000 Prepare the cost of goods manufactured schedule for the month of April. TOMLIN COMPANY of Goods Manufactured Schedule For the Month Ended April 30 Work in process, April 1 5,010 Direct Materials Raw Materials, April 1 10,400 Raw Materials Purchases 98,300 sat e0,.30 Total Raw Materials Available for Use Less-| Raw Materials,...
The following information is available for Tomlin
Company.
April 1
April 30
Raw materials inventory
$10,000
$13,500
Work in process inventory
4,500
3,000
Materials purchased in April
$97,500
Direct labor in April
79,500
Manufacturing overhead in April
155,000
Prepare the cost of goods manufactured schedule for the month of
April.
WP kaw materials inventory Work in process inventory $10,000 4900 $13.500 2.000 சபைட் Multi Anil 597.500 Direct laberin Auxil 79.500 Manufacturing overhead in April 155.000 Dashboard Prepare the cast at...
The following information is available for Indigo Company. Raw materials inventory Work in process inventory April 1 $10,300 4,950 April 30 $14,100 3,740 Materials purchased in April Direct labor in April Manufacturing overhead in April $98,000 79,800 160,000 Prepare the cost of goods manufactured schedule for the month of April. CALCULA INDIGO COMPANY Cost of Goods Manufactured Schedule
Why are these answers wrong?
Your answer is partially correct. The following information is available for Tomlin Company. Raw materials inventory Work in process inventory April 1 $11,000 5,410 April 30 $14,300 3,660 Materials purchased in April Direct labor in April Manufacturing overhead in April $97,700 80,300 155,000 Prepare the cost of goods manufactured schedule for the month of April. TOMLIN COMPANY Cost of Goods Manufactured Schedule For the Month Ended April 30 Work in process, April 1 $ Direct...
The following information is available for Blue Company April 1 April 30 Raw materials inventory $10,600 $14,500 Work in process inventory 4,980 3,300 Materials purchased in April $97,900 Direct labor in April 80,300 Manufacturing overhead in April 155,000 Prepare the cost of goods manufactured schedule for the month of April. BLUE COMPANY Cost of Goods Manufactured Schedule $ $
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $25,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
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 factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
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