Cost of goods manufactured=Total manufacturing cost+Beginning WIP-Ending WIP
74000=Total manufacturing cost+9880-1220
Total manufacturing cost=(74000+1220-9880)=$65340
Total manufacturing cost=Direct labor+Direct material+Manufacturing overhead
65340=Direct labor+25950+18300
Direct labor=(65340-25950-18300)
which is equal to
=$21090.
3) XO, Inc. reports the following cost information for March ost of Goods Manufactured anufacturing Overhead...
Jasper, Inc. reports the following cost information for March Cost of Goods Manufactured $74,500 Manufacturing Overhead 18,900 Finished Goods Inventory, March 1 5,000 Finished Goods Inventory, March 31 3,000 Work-in-Process Inventory, March 1 9,900 Work-in-Process Inventory, March 31 1,100 Direct Materials Used 26,600 What is the cost of goods sold for March? O A. $72,500 OB. $76,500 O C. $2,200 OD. $79,500
ZITZUZU 4. Beckett, Inc. reports the following cost information for March: Cost of Goods Manufactured $72,000 Manufacturing Overhead 18,800 Finished Goods Inventory, March 1 3,000 Finished Goods Inventory, March 31 2,000 Work-in-Process Inventory, March 1 9,600 Work-in-Process Inventory, March 31 1,300 Direct Materials Used 25,210 What is the amount of direct labor incurred by Beckett, Inc. in March? O A. $63,700 OB. $19,690 O c. $6,410 OD. $72,000
Jasper, Inc. reports the following cost information for March. What is the cost of goods sold for March? Cost of Goods Manufactured Manufacturing Overhead Finished Goods Inventory, March 1 Finished Goods Inventory, March 31 Work-in - Process Inventory, March 1 Work-in - Process Inventory, March 31 Direct Materials Used $74,600 18,500 4,500 2,700 9,800 1,500 25,800 O A. $72,800 O B. $76,400 O c. $79,100 OD. $2,500
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: $21,000 54,250 35,000 Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 87,500 92,750 36,750 42,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production $21,000 Direct labor 54,250 Factory overhead 35,000 Work in process inventory, March 1 87,500 Work in process inventory, March 31 92,750 Finished goods inventory, March 1 36,750 Finished goods inventory, March 31 42,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production $21,000 Direct labor 54,250 Factory overhead 35,000 87,500 Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 92,750 36,750 Finished goods inventory, March 31 42,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
eBook Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production$36,000 Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 45,000 37,000 27,000 36,250 24,000 17,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
Reedy Company reports the following information for 2012: Cost of goods manufactured $69,500 Direct materials used 27,000 Direct labor incurred 25,000 Work in process inventory, January 1, 2012 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31, 2012, is: a) 13,500 b) 10,200 c) 22,500 d) 12,250
Problem 3-50 Interpreting the Schedule of Cost of Goods Manufactured (LO 3-2, 3-6) [The following information applies to the questions displayed below.j The following data refer to Superior Metals Corporation for the year 20x4 Part 1 of3 Raw-material inventory Purchases of raw material in Raw-material inventory $ 89,000 12/31/x3 20x4 12/31/x4 0.83 points 732,000 59,000 475,000 268,000 151,000 91,000 126,000 24,000 46,000 60,000 Direct-labor cost incurred Seing and administrative eBook expenses Indirect labor cost incurred Property taxes on factory Depreciation...
eBook Show Me How Calculator Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 $36,00 45,000 37,000 27,000 36,250 24,000 17,000 a. For March, determine the cost of goods manufactured Using the data given, prepare a statement of Cost...