Question

Chapter 15 Introduction to Managerial Accounting Obj. 3 FX 15-10 Manufacturing company balance sheet partial balance sheet data for Diesel Additives Company at August 31 are is Finished goods inventory S 89,400 Supplies Prepaid insurance 9,000 Materials inventory Accounts receivable 348.200 Cash Work in process inventory 61,100 $ 13,800 26,800 167,500 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at Augus EX 15-11 Cost of direct materials used in production for a manufacturing company Walker Manufacturing Company reported the following materials data for the month ending som als data for the month ending June 30: Materials purchased $845,700 Materials inventory, June 1 238,500 Materials inventory, June 30 190,400 Determine the cost of direct materials used in production by Walker during the month and June 30. EX 15-12 Cost of goods manufactured for a manufacturing company Obj. 3 wo items are omitted from each of the following three lists of cost of goods manufactured state hent data. Determine the amounts of the missing items, identifying them by letter. Work in process inventory, August 1 $ 19,660 $ 41,650 (e) Total manufacturing costs incurred during August 332.750 (0) 1,075,000 Total manufacturing costs (a) $515,770 $1,240,000 Work in process inventory, August 31 23,500 54,000 Cost of goods manufactured (b) $1,068,000 15-13 Cost of goods manufactured for a manufacturing company following information is available for Fuller Manufacturing Company for the month en -ber 31: Cost of direct materials used in production Direct labor Work in process inventory, October 1 Work in process inventory, October 31 Total factory overhead $1,323,600 1,680,000 455,300 378,100 3,544,200 nine Fuller Manufacturing's cost of goods manufactured for the month ended October 14 Income statement for a manufacturing company ms are omitted from each of the following three lists of cost of goods sold data from ng company income statement. Determine the amounts of the missing items, ide letter.

Answer 1

$167,500 $348.200 Ex 15-10 Current Assets: Cash Accounts receivable Inventories: Materials inventory Work in process inventory Finished goods inventory Total Inventories Supplies Prepaid insurance Total current assets $26.800 $61.100 $89.400 $177,300 $13.800 $9,000 $715,800 Ex 15-11 The cost of direct material used in production: Materials Inventory June 1 Add: Material purchased $238.500 $845,700 $1,084,200 $190,400 $893,800 Less: Materials Inventory June 30 Direct materials used Ex 15-12 Work in process inventory, August 1 Add: Total manufacturing costs incurred during August Total manufacturing costs Work in process inventory, August 31 Cost of goods manufactured $19,660 $41,650 $165,000 $332.750 $474,120 $1,075,000 $352,410 $515,770 $1,240,000 $23,500 $54.000 $172,000 $328,910 $461,770 $1.068,000 Ex 15-13 Cost of direct materials used in production Direct labor Total factory overhead Total manufacturing costs Add: Work in process inventory, October 1 $1,323,600 $1,680,000 $3,544.200 $6,547.800 $455,300 $7.003.100 $378.100 $6,625,000 Less: Work in process inventory, October 31 Cost of goods manufactured