Everything is correct, except for Total of Beginning raw material and Raw material purchases.
10400 + 98300 = $ 108,700 [not $ 108,300]
This mistake has led to other totaling mistakes.
Correct figures:
WIP April 1 | $ 5,010 | ||
Direct Materials: | |||
Raw material April 1 | $ 10,400 | ||
Raw material purchases | $ 98,300 | ||
Total raw material available for use | $ 108,700 | ||
Less: Raw material April 30 | $ 13,900 | ||
Direct materials used | $ 94,800 | ||
Direct Labor | $ 80,300 | ||
Manufacturing overhead | $ 162,000 | ||
Total manufacturing costs | $ 337,100 | ||
Total cost of WIP | $ 342,110 | ||
Less: WIP April 30 | $ 3,320 | ||
Cost of Goods manufactured | $ 338,790 |
April April 30 Raw materials inventory Work in process inventory $10,400$13,900 3,320 5,010 Materials purchased in...
The following information is available for Tomlin Company.
Raw materials inventory Work in process inventory April 1 $10,400 5,290 April 30 $13,800 3,340 Materials purchased in April Direct labor in April Manufacturing overhead in April $98,200 79,700 160,000 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 5,290 Direct Materials Raw Materials, April 1 10,400 Raw Materials Purchases 98,200...
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
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 $ $
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...
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 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
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...
Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $29,000; factory rent, $38,000; factory utilities, $23,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 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...