what is the - total manufacturing costHomework Answers
| Statement showing cost of goods Manufactured | |
| Particulars | Amount |
| Beginning inventory, raw materials | 60,000.00 |
| Plus: Purchases of raw materials | 152,000.00 |
| Raw materials available for use = Beg + Purchase | 212,000.00 |
| Less: Ending raw materials inventory | (58,000.00) |
| Cost of direct raw materials used | 154,000.00 |
| Add Direct Labor | 200,000.00 |
| Add Manufacturing overhead | 125,000.00 |
| Total manufacturing costs | 479,000.00 |
| Plus: Beginning work-in-process inventory | 125,000.00 |
| Total work in process | 604,000.00 |
| Less: Ending work-in-process inventory | (180,000.00) |
| Cost of Goods Manufactured | 424,000.00 |
| Add Beginning Finished Goods inventory | 50,000.00 |
| Total goods available for sales | 474,000.00 |
| Less Ending Finished Goods inventory | (75,000.00) |
| cost of goods sold | 399,000.00 |
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what is the - total manufacturing cost
- cost of goods manufactured
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Net operating...
X Company's beginning and ending inventories for the month of November were as follows: November 1...
X Company's beginning and ending inventories for the month of November were as follows: November 1 November 30 Raw Materials $60,000 $58,000 Work in Process $125,000 $180,000 Finished Goods $50,000 $75,000 Production data for month follow: Direct labor cost incurred Actual manufacturing overhead cost incurred Raw materials purchased (all direct) $200,000 $125,000 $152,000 X applies manufacturing overhead cost to jobs at the rate of 80% of direct labor cost incurred. X Company had the following additional information for November: Administrative...
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Use the following information to answer Q17-20 X Company's beginning and ending inventories for the month...
Use the following information to answer Q17-20 X Company's beginning and ending inventories for the month of November were as follows: November 1 November 30 Raw Materials $67,000 $62,000 Work in Process $145,000 $171,000 Finished Goods $85,000 $78,000 Production data for month follow: Direct labor cost incurred $200,000 Actual manufacturing overhead cost incurred $132,000 Raw materials purchased (all direct) $165,000 X applies manufacturing overhead cost to jobs at the rate of 70% of direct labor cost incurred. X Company had...
Cost of goods manufactured
Primare Corporation has provided the following data concerning last month's manufacturing operations.Purchases of raw materials $30,000Indirect materials included in manufacturing overhead $5,000Direct labor $58,000Manufacturing overhead applied to work in process $87,000Underapplied overhead $4,000Inventories Beginning EndingRaw materials $12,000 $18,000Work in process $56,000 $65,000Finished goods $35,000 $42,000Requirement 1:Calculate the cost of goods manufactured for the month.Requirement 2:Calculate the cost of goods sold for the month.
prepare a statement of cost of goods manufactured Statement of Cost of Goods Manufactured The following...
prepare a statement of cost of
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Statement of Cost of Goods Manufactured The following data relate to the Denver Company's operations for the year ended December 31, 20XX: Direct materials purchases ............................ $100,000 Indirect material usage........................ 10,000 Indirect labor........ 10,000 Direct labor.. 300,000 Sales salaries ...................... 100,000 Administrative salaries.................. 50,000 Factory water and electricity ................. 20,000 Advertising expenses....................... 60,000 Depreciation-sales and general office ............. 40,000 Depreciation-factory ........... 50,000 Beginning Inventories: Direct materials. $20,000 Work-in-process .... 60,000 Finished goods.....
A) Use the information to prepare a schedule of cost of goods manufactured. B) What the...
A) Use the information to prepare a schedule of cost of goods
manufactured.
B) What the unit product cost if Harding manufactured 4,390 maps
for the year
Harding Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2016 EEB (Click the icon to view year-end information.) Data Table Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Harding manufactured 4,390 lamps for...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data:...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
Use the following information for a manufacturer to compute the cost of goods manufactured and cost...
Use the following information for a manufacturer to compute the
cost of goods manufactured and cost of goods sold
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: 囲(Click the icon to view the information.) Schedule of Cost of Goods Manufactured and Cost of Goods Sold Data Table Direct Materials Used: Ending Inventories: Raw Materials Work-in-Process Finished Goods Other information Purchases of materials Direct labor Beginning $ 29,000 35,000 20,000 $...
Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3]...
Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 650,000 Direct labor cost $ 87,000 Raw material purchases $ 136,000 Selling expenses $ 104,000 Administrative expenses $ 46,000 Manufacturing overhead applied to work in process $ 200,000 Actual manufacturing overhead costs $ 226,000 Inventories Beginning Ending Raw materials $ 8,800 $ 11,000 Work...
EXERCISE 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold LO3-3 Primare Corporation...
EXERCISE 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold LO3-3 Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials. Indirect materials included in manufacturing overhead Direct labor........... Manufacturing overhead applied to work in process... Underapplied overhead.. $30,000 $5,000 $58,000 $87,000 $4,000 Inventories Raw materials. Work in process... Finished goods Beginning $12,000 $56,000 $35,000 Ending $18,000 $65,000 $42,000 Required: 1. Prepare a schedule of cost of goods manufactured for the...
X Company's beginning and ending inventories for the month of November were as follows: November 1 November 30 Raw Materials $60,000 $58,000 Work in Process $125,000 $180,000 Finished Goods $50,000 $75,000 Production data for month follow: Direct labor cost incurred Actual manufacturing overhead cost incurred Raw materials purchased (all direct) $200,000 $125,000 $152,000 X applies manufacturing overhead cost to jobs at the rate of 80% of direct labor cost incurred. X Company had the following additional information for November: Administrative...
4) In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the cost of goods manufactured is computed according to which of the following equations? A) Cost of goods manufactured = Total manufacturing costs + Ending work in process inventory - Beginning work in process inventory B) Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory C) Cost of goods manufactured = Total manufacturing costs +...
prepare a statement of cost of
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Statement of Cost of Goods Manufactured The following data relate to the Denver Company's operations for the year ended December 31, 20XX: Direct materials purchases ............................ $100,000 Indirect material usage........................ 10,000 Indirect labor........ 10,000 Direct labor.. 300,000 Sales salaries ...................... 100,000 Administrative salaries.................. 50,000 Factory water and electricity ................. 20,000 Advertising expenses....................... 60,000 Depreciation-sales and general office ............. 40,000 Depreciation-factory ........... 50,000 Beginning Inventories: Direct materials. $20,000 Work-in-process .... 60,000 Finished goods.....
A) Use the information to prepare a schedule of cost of goods
manufactured.
B) What the unit product cost if Harding manufactured 4,390 maps
for the year
Harding Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2016 EEB (Click the icon to view year-end information.) Data Table Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Harding manufactured 4,390 lamps for...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
Use the following information for a manufacturer to compute the
cost of goods manufactured and cost of goods sold
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: 囲(Click the icon to view the information.) Schedule of Cost of Goods Manufactured and Cost of Goods Sold Data Table Direct Materials Used: Ending Inventories: Raw Materials Work-in-Process Finished Goods Other information Purchases of materials Direct labor Beginning $ 29,000 35,000 20,000 $...
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