Homework Answers
| a) | Cost of Raw Materials used = $ 1205 | ||
| b) | Factory Depreciation = $ 39 | ||
| c) | Cost of goods finished = $ 4046 | ||
| d) | Cost of goods sold = $ 3961 | ||
Workings:
| Raw Materials Inventory | |||
| Beg. Bal. | $ 240.00 | a) | $ 1,205.00 |
| 1) | $ 1,250.00 | End. Bal. | $ 285.00 |
| $ 1,490.00 | $ 1,490.00 | ||
| WIP Inventory | |||
| Beg. Bal. | $ 128.00 | c) | $ 4,046.00 |
| a) | $ 1,205.00 | ||
| 3) | $ 566.00 | ||
| 4) | $ 2,418.00 | End. Bal. | $ 271.00 |
| $ 4,317.00 | $ 4,317.00 | ||
| Finished Goods Inventory | |||
| Beg. Bal. | $ 87.00 | d) | $ 3,961.00 |
| c) | $ 4,046.00 | End. Bal. | $ 172.00 |
| $ 4,133.00 | $ 4,133.00 | ||
| Factory plant and equipment | |||
| Beg. Bal. | $ 492.00 | b) | $ 39.00 |
| 2) | $ 23.00 | End. Bal. | $ 476.00 |
| $ 515.00 | $ 515.00 | ||
Is it okay? Just jet me know if it's incorrect
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II. Supplying Missing Information - Manufacturing Inventories: The following data are available for a manufacturing operation:...
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