Homework Answers
Cost of goods Manufactured =
Direct Materials + Direct Labor + Factory Overhead + Beginning in goods process - Ending goods in process
$42,500 + $32,600 + $33,300 (WN) + $9,200 - $11,000
= $106,600
So, cost of goods manufactured = $106,600
Working notes (WN-1)
Factory Overhead = Indirect materials + Indirect Labor + Depreciation-factory Equipment
Factory Overhead = $15,500 + $8,300 + $9,500 = $33,300
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Use the following data to determine the cost of goods manufactured: Beginning finished goods inventory Direct...
Use the following data to determine the cost of goods manufactured: 5. Beginning finished goods inventory...
Use the following data to determine the cost of goods manufactured: 5. Beginning finished goods inventory Direct labor used Beginning work in process inventory General and administrative expenses Direct materials used Ending work in process inventory Indirect labor Ending finished goods inventory Indirect materials Depreciation-factory equipment $10,800 30, 600 7,200 13,500 40,500 9,000 6,300 9,500 13,500 7,500
Use the following data to determine the cost of goods manufactured: Beginning finished goods inventory $...
Use the following data
to determine the cost of goods manufactured:
Beginning finished goods inventory
$
10,800
Direct
labor
30,600
Beginning work
in process inventory
7,200
General and
administrative expenses
13,500
Direct materials
used
40,500
Ending work in
process inventory
9,000
Indirect
labor
6,300
Ending finished
goods inventory
9,500
Indirect
materials
13,500
Depreciation—factory equipment
7,500
Multiple Choice o $110,100. o $100,200. o $96,600. o $113,700. o $102,000.
Use the following data to determine the cost of goods manufactured: Beginning finished goods inventory $...
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$ 85 112 1,630 Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods...
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Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental...
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Finished Goods $ 1,350 $2,800 Beginning inventory Ending inventory Purchases of materials Cost of Goods Sold...
Finished Goods $ 1,350 $2,800 Beginning inventory Ending inventory Purchases of materials Cost of Goods Sold Manufacturing overhead Work-in-Process $ 1,250 $ 2,600 $ 11,500 $19,400 $ 6,150 What was the direct labor for the period? O $6,500. O $7,750. O $8,200. $9,650. ©2020 McGraw-Hill Educa bllowing information: Finished Goods $ 1,350 $2,800 Materials $ 1,450 $3,400 Work-In-Process $ 1,250 $ 2,600 $ 11,500 $19,400 $ 6,150 e period?
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for...
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Use the following data to determine the cost of goods manufactured: 5. Beginning finished goods inventory Direct labor used Beginning work in process inventory General and administrative expenses Direct materials used Ending work in process inventory Indirect labor Ending finished goods inventory Indirect materials Depreciation-factory equipment $10,800 30, 600 7,200 13,500 40,500 9,000 6,300 9,500 13,500 7,500
Use the following data
to determine the cost of goods manufactured:
Beginning finished goods inventory
$
10,800
Direct
labor
30,600
Beginning work
in process inventory
7,200
General and
administrative expenses
13,500
Direct materials
used
40,500
Ending work in
process inventory
9,000
Indirect
labor
6,300
Ending finished
goods inventory
9,500
Indirect
materials
13,500
Depreciation—factory equipment
7,500
Multiple Choice o $110,100. o $100,200. o $96,600. o $113,700. o $102,000.
Use the following data to compute total manufacturing costs for the month: Sales commissions Direct labor Indirect materials Factory manager salaries Factory supplies Indirect labor Depreciation office equipment Direct materials Corporate office salaries Depreciation-factory equipment $12,800 41,600 17,200 9,200 11,000 8,300 7,000 42,500 44,500 9,500 Ο $159,100. Ο $139,300. Ο $55,200. Ο $96,800. Ο $64,300.
$ 85 112 1,630 Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory Information for the year: Administrative costs Direct labor Direct materials purchases Factory and machine depreciation Factory supervision Factory utilities Indirect factory labor Indirect materials and supplies Marketing costs Property taxes on factory Sales revenue Information on December 31 (Ending): Direct materials inventory Work-in-process inventory Finished goods inventory $ 3,660 12,950 8, 250 11,500 750 953 2,890 676 1,510 272 45,800 99 142 1,430...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700 32,250 23,600 20,900 26, 200 5,500 10,500 9,700 28,500 2,100 4,700...
Finished Goods $ 1,350 $2,800 Beginning inventory Ending inventory Purchases of materials Cost of Goods Sold Manufacturing overhead Work-in-Process $ 1,250 $ 2,600 $ 11,500 $19,400 $ 6,150 What was the direct labor for the period? O $6,500. O $7,750. O $8,200. $9,650. ©2020 McGraw-Hill Educa bllowing information: Finished Goods $ 1,350 $2,800 Materials $ 1,450 $3,400 Work-In-Process $ 1,250 $ 2,600 $ 11,500 $19,400 $ 6,150 e period?
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
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