Question

Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000.

Answer 1

9.

Schedule of Cost of Goods Manufactured
Beginning raw materials inventory	300,000
Raw materials purchased	940,000
Total raw materials available	1,240,000
Ending raw materials inventory	-480,000
Raw materials used	760,000
Direct labor	840,000
Manufacturing overhead	800,000
Total manufacturing cost	2,400,000
Beginning work in process inventory	1,080,000
Ending work in process inventory	-900,000
Cost of goods manufactured	$2,580,000

Third option is correct option.

7.

Beginning raw materials inventory	260,000
Raw materials purchased	840,000
Total raw materials available	1,100,000
Ending raw materials inventory	-320,000
Raw materials used	780,000
Direct labor	670,000
Manufacturing overhead	640,000
Total manufacturing cost	$2,090,000

First option is correct option.

10.

Raw materials used	1,820,000
Direct labor	760,000
Manufacturing overhead:
Factory utilities	150,000
Indirect labor	50,000
Factory depreciation	400,000
Total manufacturing cost	$3,180,000

First option is correct option.

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