Ryde and Rowe Inc. had the following account balances as of January 1. Direct Materials Inventory...

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Ryde and Rowe Inc. had the following account balances as of January 1. Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Manufacturing Overhead 3 $8,700 76,500 53,00e 5 During the month of January, all of the following occurred 1. Direct labor costs were $49,000 for 1,800 hours worked. 2. Direct materials costing $30,000 and indirect materials costing $4,300 were purchased. 3. Sales commissions of $18,000 were earned by the sales force. 4. $24,000 worth of direct materials were used in production. 5. Advertising costs of $6,300 were incurred. 6. Factory supervisors earned salaries of $11,164. 7. Indirect labor costs for the month were $3,000. 8. Monthly depreciation on factory equipment was $4,500. 9. Utilities expense of $5,696 was incurred in the factory. 10. Equipment with manufacturing costs of $69,000 were transferred to finished goods 11. Monthly insurance costs for the factory were $4,200 12. $5,000 in property taxes on the factory were incurred and paid. 13. Equipment with manufacturing costs of $98,577 were sold for $179,230

. Olnies expense of $5,696 was incurred in the factory 10. Equipment with manufacturing costs of $69,000 were transferred to finished goods. 11. Monthly insurance costs for the factory were $4,200. 12. $5,000 in property taxes on the factory were incurred and paid. 13. Equipment with manufacturing costs of $98,577 were sold for $179,230 Required: a. If Ryde and Rowe assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materials, Work in Process, and Finished Goods Inventory accounts at the end of January? b. As of January 31, what will be the balance in the Manufacturing Overhead account? c. What was Ryde and Rowes operating income for January? Direct materials inventory Work in process inventory Finished goods inventory a. b. Manufacturing overhead c. Operating income < Prev 1 of 2 Next > rch

Road Warrior Corporation began operations early in the current year, building luxury motor homes. During the year, the company ed and completed 50 motor homes at a cost of $60,000 per unit. Of these, 48 were sold for $100,000 each and two remain in finished goods inventory. In addition, the company had six partially (summarized alphabetically) were as follows completed units in its factory at year-end. Total costs for the year Direct materials used Direct labor Income tax expense General and administrative expenses Manufacturing overhead Selling expenses $ 784,000 949,000 100,e00 500,099 1,630,000 500,000 Required: a. Compute the total manufacturing costs charged to work in process for the current year. b. Compute the cost of finished goods manufactured for the current year. c. Compute the cost of goods sold for the current year. d. Compute the gross profit on sales for the current year e. Compute the ending inventories of (1) work in process and (2) finished goods for the current year a. Total b. Cost of finished goods manufactured c. Cost of goods sold d. Gross profit on sales costs -1 Ending inventory of work in process Prev 2of 2 ::: Next >

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Ryde and Rowe Inc..

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Road Warrior Corporation

answer: see the below pictures

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Ryde and Rowe Inc. had the following account balances as of January 1. Direct Materials Inventory...

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