The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation.
| Work in process inventory, beginning of the year | $ | 35,000 | ||
| Cost of direct materials used | 250,000 | |||
| Direct labor cost applied to production | 125,000 | |||
| Cost of finished goods manufactured | 674,500 | |||
Overhead assigned to production was $300,000.
Compute the amount of the work in process inventory on hand at year-end.
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The following information was taken from the accounting records
of Fessler Tool Corporation.
Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 245,000 Direct labor cost applied to production 145,000 Cost of finished goods manufactured 688,750 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 255,000 Direct labor cost applied to production 135,000 Cost of finished goods manufactured 688,750 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 255,000 Direct labor cost applied to production 150,000 Cost of finished goods manufactured 703,000 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 270,000 Direct labor cost applied to production 140,000 Cost of finished goods manufactured 707,750 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
The following information was taken from the accounting records of Fessler Tool Corporation. $ Work in...
The following information was taken from the accounting records of Fessler Tool Corporation. $ Work in process inventory, beginning of the year Cost of direct materials used Direct labor cost applied to production Cost of finished goods manufactured 35,000 260,000 145,000 703,000 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end. Ending work in process inventory
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The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $524,000 $ 70,000 $118,000 $140,000 $ 63,000 $ 90,000 $ 80,000 Inventories Raw materials Work in process Finished goods Beginning $ 7,000 $ $ 10,000 $ $ 20,000 $ Ending 15,000 5,000 35,000 Required: 11. Prepare a schedule of cost of...
The following information was taken from the accounting records of Fessler Tool Corporation. $ Work in process inventory, beginning of the year Cost of direct materials used Direct labor cost applied to production Cost of finished goods manufactured 35,000 260,000 145,000 703,000 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end. Ending work in process inventory
1. (9 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year. Sales. Purchases of raw materials ........... Direct labor Applied Manufacturing overhead. Administrative expenses.................... Selling expenses .... Raw materials inventory, beginning....... Raw materials inventory, ending....... Work in process inventory, beginning...... Work in process inventory, ending.... Finished goods inventory, beginning.... Finished goods inventory, ending. $1,900,000 $320,000 $355,000 $340,000 $325,000 $210,000 $140,000 $190,000 $115,000 $150,000 $175,000 $140,000 Required: a. Prepare a Schedule...
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The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $524,000 $ 70,000 $118,000 $140,000 $ 63,000 $ 90,000 $ 80,000 Inventories Raw materials Work in process Finished goods Beginning $ 7,000 $ $ 10,000 $ $ 20,000 $ Ending 15,000 5,000 35,000 Required: 11. Prepare a schedule of cost of...
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