1) Raw material used in production = 29000+148000-39000 = $138000
2) Indirect material = 138000-104000 = $34000
3) Indirect labor = 208000-192000 = $16000
4) Cost of goods manufactured = $512000
5) Un adjusted cost of goods sold = 54000+512000-81000 = $485000
6) Overhead rate = 220800/192000 = 115% of direct labor cost
7) Manufacturing overhead is over applied by (220800-196800) = $24000
8) Calculate ending balance
Ending work in process (34000+104000+192000+220800-512000) | 38800 |
Direct material Cost (38800-11500-13225) | 14075 |
Applied overhead cost (11500*115%) | 13225 |
Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4] Selected T-accounts of Moore Company are...
Problem 3-11 (Algo) T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 202, 260 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 26,000 Credits 142,000 36,000 Work in in Process 31,000 Credits 101,000 183,000 223, 260 503,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 207,000 Bal. 1/1 Credits Bal. 12/31 14,500 202, 000 9,500 Finished Goods 51,000 Credits Cost...
Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, L03-4] Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead 202,260Credits Bal. 1/1 Debits Bal. 12/31 26,000 Credits ? Debits 142,000 36,000 Work in Process Factory Wages Payable Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 14,500 202,000 9,500 31,000Credits 503,000 Debits 207,000Bal. 1/1 101,000 183,000 223,260 Credits Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 Debits Bal. 12/31 51,000Credits...
Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4] Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Bal. 1/1 17,000 Credits ? Debits 124,000 Bal. 12/31 27,000 Manufacturing Overhead Debits 229,800 Credits ? Work in Process Bal. 1/1 22,000 Credits 476,000 Direct materials 92,000 Direct labor 156,000 Overhead 241,800 Bal. 12/31 ? Factory Wages Payable Debits 189,000 Bal. 1/1 10,000 Credits 184,000 Bal. 12/31 5,000 Finished Goods Bal. 1/1 42,000 Credits ?...
PROBLEM 3-11 T-Account Analysis of Cost Flows LO3-2, LO3-3, LO3-4 Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead 230,000 Credits Credits Debits Bal. 1/1 Debits Bal. 12/31 15.000 120,000 25,000 Work in Process Factory Wages Payable Credits 470,000 Debits 185,000 Bal. 1/1 20,000 Direct materials 90,000 Direct labor 1 50,000 Overhead....240,000 Bal. 12/31 Bal. 1/1 Credits Bal. 12/31 9.000 180,000 4.000 Finished Goods Cost of Goods Sold Bal. 1/1 40,000 Credits...
3 Homework o Help Save a Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 181.900 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 31,000 Credits 152, eee 41,000 Work in Process 36,800 Credits 106,000 198,000 207,900 518,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 217,000 Bal. 1/1 Credits Bal. 12/31 17,000 212,000 12,000 Cost of Goods...
er 3 Homework Help Save & Che Problem 3-11 T-Account Analysis of Cost Flows (LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year Manufacturing Overhead 181,900 Credits ? Debits ? Bal. 1/1 Debits Bal. 12/31 181,900 credits Raw Materials 31, eee Credits 152,eee 41,000 Work in Process 36,800 Credits 106,eee 198, eeel 207,900 518,00 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 217,eee Bal. 1/1 Credits Bal. 12/31...
All help is greatly appreciated. Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year Raw Materials Mano notoring Overbend BR. 1/1 25,000 Credits 7 Debit 203,200 Credits 140,000 31. 12/31 35,000 Work in Process Factory Wages Payable Bl. 1/1 30.000 Credits 500,ODD Del 205.30 a 171 Direct materiale 100.000 Credits Direct labor 180,000 BAL 12/31 223,200 14,000 200,000 9.000 Cost of Goods Sold Pinished Good 50,000...
Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 203,800 Credits Debits - Manufacturing o ? Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 28,000 Credits 146,000 38,000 Work in Process 33,000 Credits 103,000 189,000 226,800 Factory Wages 509,000 ,000 Debits Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 211,000 Bal. 1/1 Credits Bal. 12/31 15,500 206,000 10,500 Cost of Goods Sold Finished Goods 53,000 Credits ? Debits Bal....
Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 203,200 Credits ? Debits ? Bal. 1/1 Debits Bal. 12/31 Raw Materials 25,000 Credits 140,000 35,000 Work in Process 30,000 Credits 100,000 180,000 223,200 500,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 205,000 Bal. 1/1 Credits Bal. 12/31 14,000 200,000 9,000 Cost of Goods Sold Finished Goods 50,000 Credits ? Debits Bal. 1/1 Debits Bal. 12/31 75,000 Required: 1....
All one problem, thank you. Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits Bal. 12/31 Debits Manufacturing Overhead 188, 480 Credits Raw Materials 35,000 Credits 160,000 45,000 Work in Process 40,000 Credits 110,000 210,000 218,400 530,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 225,000 Bal. 1/1 Credits Bal. 12/31 19,000 220,000 14,000 Cost of Goods Sold Debits Bal. 1/1 Debits Bal. 12/31 Finished Goods 60,000 Credits...