-
April 30
May 31
Inventories
Raw materials
$
29,000
$
52,000
Work in process
9,200
18,000
Finished goods
50,000
34,000
Activities and information for May
Raw materials purchases (paid with cash)
177,000
Factory payroll (paid with cash)
150,000
Factory overhead
Indirect materials
9,000
Indirect labor
34,500
Other overhead costs
118,000
Sales (received in cash)
1,100,000
Predetermined overhead rate based on direct labor cost
55
%
Compute the following amounts for the month of May using
T-accounts.
Cost of direct materials...
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Work in Process (WIP) P April 30 RM purchases Raw Materials (RM) 42,000 180.000 222.000 April 30 Finished Goods (FG) 63.000 28.100 Indirect materials Indirect labor Factory Overhead 10,000 34.500 Cost of goods sold Other overhead costs 93,500 34.900 126.000 May 31 Underapplied OH 138.000 Income statement (partial) $ 0 JOD Order Cosury system. April 30 May 31 $ $42.000 9,100 63,000 56,000 19,700 34,900 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials...
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What is the Overhead applied?
*Do not consider any underapplied or overapplied overhead. April 30 RM purchases Raw Materials (RM) 32,000 7,000 indirect materials 195,000 166,000 DM used Cost of goods manuf. April 30 DM used DL used Overhead applied May 31 Work in Process (WIP) 9,000 166,000 154,000 May 31 54,000 329,000 Finished Goods (FG) Inventory 59,000 Cost of goods sold Indirect materials Factory Overhead 7,000 46,000 April 30 Cost of goods manuf. Overhead applied Indirect labor Other overhead...
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Required information
[The following information applies to the questions
displayed below.]
The following information is available for Lock-Tite Company, which
produces special-order security products and uses a job order
costing system.
April 30
May 31
Inventories
Raw materials
$
32,000
$
58,000
Work in process
9,100
19,100
Finished goods
65,000
33,200
Activities and information for May
Raw materials purchases (paid with cash)
196,000
Factory payroll (paid with cash)
100,000
Factory overhead
Indirect materials
18,000
Indirect labor
23,000
Other overhead costs...
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ndix D & Chapters 1-3 Saved Help Required information [The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $36,000 $ 48,000 Work in process 9,000 18,800 Finished goods 60,000 33, 100 Activities and information for May Raw materials purchases paid with cash) 194,000 Factory payroll (paid with cash) 200,000 Factory overhead Indirect materials...
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Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 $ $ 43,000 9,400 64,000 43,800 20,500 34,500 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash)...
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The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $ 35,000 9,500 54,000 55,000 20,800 34,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 183,000 300,000 14,000...
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Required information Use the following information to answer questions The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 $ $26, eee 9,409 52,000 49,000 19,500 34,400 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor...
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Required information (The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $40,000 9,400 53,000 58,000 20,100 33,900 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined...
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Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $ 47,000 9,100 66,000 58,000 19, 200 34,400 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in...
Work in Process (WIP) P April 30 RM purchases Raw Materials (RM) 42,000 180.000 222.000 April 30 Finished Goods (FG) 63.000 28.100 Indirect materials Indirect labor Factory Overhead 10,000 34.500 Cost of goods sold Other overhead costs 93,500 34.900 126.000 May 31 Underapplied OH 138.000 Income statement (partial) $ 0 JOD Order Cosury system. April 30 May 31 $ $42.000 9,100 63,000 56,000 19,700 34,900 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials...
What is the Overhead applied?
*Do not consider any underapplied or overapplied overhead. April 30 RM purchases Raw Materials (RM) 32,000 7,000 indirect materials 195,000 166,000 DM used Cost of goods manuf. April 30 DM used DL used Overhead applied May 31 Work in Process (WIP) 9,000 166,000 154,000 May 31 54,000 329,000 Finished Goods (FG) Inventory 59,000 Cost of goods sold Indirect materials Factory Overhead 7,000 46,000 April 30 Cost of goods manuf. Overhead applied Indirect labor Other overhead...
ndix D & Chapters 1-3 Saved Help Required information [The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $36,000 $ 48,000 Work in process 9,000 18,800 Finished goods 60,000 33, 100 Activities and information for May Raw materials purchases paid with cash) 194,000 Factory payroll (paid with cash) 200,000 Factory overhead Indirect materials...
Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 $ $ 43,000 9,400 64,000 43,800 20,500 34,500 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash)...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $ 35,000 9,500 54,000 55,000 20,800 34,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 183,000 300,000 14,000...
Required information Use the following information to answer questions The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 $ $26, eee 9,409 52,000 49,000 19,500 34,400 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor...
Required information (The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $40,000 9,400 53,000 58,000 20,100 33,900 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined...
Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $ 47,000 9,100 66,000 58,000 19, 200 34,400 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in...