The following information is available for Koba Company.  
The following information is available for Koba Company.
January 1, 2019 2019 December 31, 2019
Raw materials inventory $ 26,000 $30,000
Work in process inventory 18,500 22,200
Finished goods inventory 30,000 21,000
Materials purchased $170,000
Direct labor 230,000
Manufacturing overhead 180,000
Sales 800,000
Instructions
- Compute cost of goods manufactured (show the steps please!)
Homework Answers
Cost of goods manufactured= $572,300
Working
| Koba Company | ||
| Schedule of Cost of Goods Manufactured | ||
| Direct Material | ||
| Raw material Inventory Beginning | $ 26,000.00 | |
| Raw material Purchased | $ 170,000.00 | |
| Raw material available for use | $ 196,000.00 | |
| Less: Raw material Inventory Ending | $ 30,000.00 | |
| Direct Material Used | $ 166,000.00 | |
| Direct labor | $ 230,000.00 | |
| Total Manufacturing overheads | $ 180,000.00 | |
| Total manufacturing Cost During the month | $ 576,000.00 | |
| Add: Work in process Beginning | $ 18,500.00 | |
| Total Work in Process | $ 594,500.00 | |
| Less: Work in progress Ending | $ 22,200.00 | |
| Cost of Goods Manufactured | $ 572,300.00 | |
December 31, 2019 $30,000 22,200 21,000 49) The following information is available for Koba Company January...
December 31, 2019 $30,000 22,200 21,000 49) The following information is available for Koba Company January 1, 2019 2019 Raw materials inventory $ 26,000 Work in process inventory 18,500 Finished goods inventory 30,000 Materials purchased $170,000 Direct labor 230,000 Manufacturing overhead 180,000 Sales 800,000 Instructions (a) Compute cost of goods manufactured 50) Presented below are incomplete 2019 manufacturing cost data for Shell Corporation. Manufacturing Direct Materials Used Direct Labor Total Manufacturing Costs Overhead $48,000 $72,000 $194,000 $95,000 ? $80,000 $305,000...
The following information is available for Koba Company. 2019 49) December 31, 2019 $30,000 22,200 21,000...
The following information is available for Koba Company. 2019 49) December 31, 2019 $30,000 22,200 21,000 January 1, 2019 $26,000 18,500 30,000 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales $170,000 230,000 180,000 800,000 Instructions (a) Compute cost of goods manufactured Presented below are incomplete 2019 manufacturing cost data for Shell Corporation. 50) Manufacturing Overhead Total Manufacturing Costs Direct Labor Direct Materials Used $194, ? $72,000 $48,000 (a) $305,000 $80,000 $95,000...
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