Renka's HeatersRenka's Heaters selected data for OctoberOctober 2017 are presented here (in millions): Read the requirements...
Renka's HeatersRenka's Heaters selected data for OctoberOctober 2017 are presented here (in millions):
Read the requirements
Calculate the following costs:
1. Direct materials inventory
10 /31/2017
2. Fixed manufacturing overhead costs for
October
2017
3. Direct manufacturing labor costs for
October
2017
4. Work-in-process inventory
1010 /31/20172017
5. Cost of finished goods available for sale in
October
2017
6. Finished goods inventory
10 /31/2017
Requirement 1. Calculate the cost of direct materials inventory 1010 /31/20172017. Direct materials inventory 10/31/2017
|
Direct materials inventory 10/1/2017 |
$105 |
|
Direct materials purchased |
365 |
|
Direct materials used |
385 |
|
Total manufacturing overhead costs |
450 |
|
Variable manufacturing overhead costs |
265 |
|
Total manufacturing costs incurred during October 2017 |
1,610 |
|
Work-in-process inventory 10/1/2017 |
230 |
|
Cost of goods manufactured |
1,660 |
|
Finished goods inventory 10/1/2017 |
130 |
|
Cost of goods sold |
1,770 |
Requirement 1. Calculate the cost of direct materials inventory 1010 /31/20172017. Direct materials inventory 10/31/2017
Homework Answers
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Renka's HeatersRenka's Heaters selected data for OctoberOctober
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