Question

Chapter 15 Homework Note: All homework assignments must be submitted through the Blackboard course site. Question 2: (1 point.) The following information relates to Stevens Company for June, 20XX. Materials Inventory, June 1 Materials Inventory, June 30 Work in process Inventory, June 1 Work in process Inventory, June 30 Direct Labor cost Materials purchases Factory overhead $7,000 3,000 5,000 8,000 8,000 26,000 25,000 Required: Calculate the total manufacturing costs incurred during the month. When entering answers in Blackboard, omit $ signs.

Answer 1

Amount Particulars Materials Inventory, June 1 Add: Materials purchases Amount $ 7,000 $ 26,000 $ 33,000 $ (3,000) Less: Materials Inventory, June 30 Direct Materials Cost Direct Labor Cost Factory Overhead $ $ $ $ $ $ $ 30,000 8,000 25,000 63,000 5,000 (8,000) 60,000 Add: Work in process inventory, June 1 Less: Work in process inventory, June 30 Total manufacturing costs