Dacosta Corporation had only one job in process on May 1. The job had been charged...

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Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,850 of direct materials. $6.990 of

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year,

Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the companys inventory balances were as fol

business accounting

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Answer 1

Answer #1

Dacosta Corporation:

The correct answer is "$101,825".

Supporting calculations:

Beginning balance - Raw materials	$8,550
Add: Purchase of raw materials	$38,050
Total Raw Materials available for use	$46,600
Less: Raw materials used in the production	($39,350)
Ending balance - Raw materials	$7,250

Raw materials used in the production	$39,350
Add: Direct labor cost incurred	$24,560
Add: Manufacturing overheads assigned (1,950 hours * $18.50 per hour)	$36,075
Total Manufacturing Costs	$99,985
Add: Beginning balance of Work-in Process Inventory ($1,850 + $6,990 + $9,950)	$18,790
Less: Ending balance of Work-in Process Inventory	($16,950)
Cost of Goods Manufactured	$101,825

Therefore, the cost of goods manufactured is $101,825.

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Answer 2

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