Question

Return to Blackboard DINIS PLUS Davis, Managerial Accounting, 3e Help System Announcements SOURCES HW Your answer is partially correct. Try again. The following T-accounts record the operations of Bonita Co. Assume all raw materials are direct materials. Beginning Balance By Study Raw Materials 10,992 ????? 61,668 12,076 Ending Balance Beginning Balance Direct Material Direct Labor Overhead Ending Balance Work in Process 15,416 77777 48,238 74,208 ????? 23,886 Finished Goods 28,552 77772 77777 18,928 Beginning Balance Ending Balance (a) Calculate the amount of direct materials purchased during the period. 62752 Raw materials purchased (b) Calculate the direct materials used in production during the period. Direct materials used in production (c) Calculate the total manufacturing cost for the period.

Answer 1

Answer

Raw material
Beginning Balance	10,992
Bank (purchases)	62,752
		Work in Process	61,668
Ending Balance	12,076
Work in Process
Beginning Balance	15,416
Direct Material	61,668
Direct Labor	48,238
Overhead	74,208	Finished Goods	175,644
Ending Balance	23,886
Finished Goods
Beginning Balance	28,552
Work in Process	175,644
		Cost of Goods Sold	185,268
Ending Balance	18,928

b)Direct material used in production = $ 61,668(opening stock +purchases -closing stock)

c)Total manufacturing cost = $ 175,644

d)Cost of goods manufactured(cost of production) = $ 175,644 (same as total manufacturing cost)

e)Cost of Goods Sold = $ 185,268