Direct material | Work in process | Finished goods | ||||||||||||
Beg. Bal. | $33,000 | Beg. Bal. | $154,000 | Beg. Bal. | $264,000 | |||||||||
Account payable | $419,000 | WIP | $433,000 | Direct material | $433,000 | Work in process | $852,000 | COGS | $1,084,000 | |||||
Direct labor | $299,920 | Ending bal. | $32,000 | |||||||||||
Ending bal. | $19,000 | Manufacturing overhead | $164,000 | Finished goods | $852,000 | |||||||||
$452,000 | $452,000 | Ending bal. | $198,920 | |||||||||||
Manufacturing overhead | $1,050,920 | $1,050,920 | $1,116,000 | $1,116,000 | ||||||||||
Cash | $175,000 | WIP | $164,000 | |||||||||||
Ending September Balance | ||||||||||||||
Direct materials | $19,000 | |||||||||||||
Work in Process | $198,920 | |||||||||||||
Finished Goods | $32,000 | |||||||||||||
Total manufacturing cost | $175,000 |
*if you have any doubt feel free to ask in the comment section. Please give your valuable feedback.
During September, the following events occurred: 1. Bramble purchased direct materials costing $419,000 on account. 2....
Current Attempt in Progress Bramble Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Bramble uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $33,000 Work in Process $154,000 Finished Goods $264,000 During September, the following events occurred: 1. Bramble purchased direct materials costing $419,000 on account. 2. Bramble used $433,000 in direct materials in production 3. Bramble's employees clocked 23,000 direct...
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Sheffield Fabricators produces protective covers for smart phones. Since the covers must be customized to each smartphone model. Sheffield uses a job order costing system. On September 1, the company reported the following inventory balances Direct Materials $25,500 Work in Process $153,000 Finished Goods $261,000 During September, the following events occurred: 1. Sheffield purchased direct materials costing $2,824,000 on account. 2. Sheffield used $436,000 in direct materials in production 3. Sheffield's employees clocked 20,000 direct labor hours at an average...
Can I receive help on this problem? Can I recieve help on the total manufacturing costs? Swifty Fabricators produces protective covers for ur phone. Since the covers must customized to achsmartphone model Swifty uses a job order costing system. On Septuinber 1, the bany reported the followida entry balances Direct Materials Work in Process Finished Goods $10.000 $34.400 $54,400 During September, the following events occurred 1. 2. 4. Swifty purchased direct materials casting $370,000 1xccount Swifty used $370,000 in direct...
Sheffield Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Sheffield uses a job order costing system. On September 1, the company reported the following inventory balances Direct Materials Work in Process Finished Goods $34,600 $151,000 $264,000 During September, the following events occurred: 1. Sheffield purchased direct materials costing $1,828,000 on account. 2. Sheffield used $435,000 in direct materials in production 3. Sheffield's employees docked 24,000 direct labor hours at an...
Sheffield Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Sheffield uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $25,500 Work in Process $153,000 Finished Goods $261,000 During September, the following events occurred: Sheffield purchased direct materials costing $2,824,000 on account. 2. Sheffield used $436,000 in direct materials in production. 3. Sheffield’s employees clocked 20,000 direct labor hours at an average...