Question

- Cutie Completion Your answers are saved automatically. Remaining Time: 1 hour, 08 minutes, 52 seconds. Question Completion Status: QUESTION 1 Barry Company manufactures coats. The company accounting records during February show. Factory utilities - $950; Direct materials used in production - $21,650; Direct materials purchased during the month - 523,000, Direct labor costs - 515,210, Wages paid to workers providing direct labor - $16,100,Depreciation on factory equipment $1,250; Insurance covering factory facilities - 51,100, Marketing expenses - 54,700 Factory supervisor salary: $3,500; Indirect manufacturing materials used - 51,090, Insurance covering administrative facilities - $2,100; Depreciation on administrative office furnishings - $5,500; Corporate executive salaries - $15,000. If the beginning balance of Raw Materials Inventory in February is $8,500, what is the ending balance of Raw Materials Inventory? Assume only direct materials are added or subtracted from this account. You may ignore supplies and indirect materials. QUESTION 2 Barry Company manufactures coats. The company accounting records during February show: Factory utilities - $950: Direct materials used in production - $21,650; Direct materials purchased during the month - $23,000: Direct labor costs - 515,210 Wages paid to workers providing direct labor- $16,100; Depreciation on factory equipment $1,250, Insurance covering factory facilities - $1,100; Marketing expenses - 54,700; Factory supervisor salary. 53.500; Indirect manufacturing materials used $1,090: Insurance covering administrative facilities - 52.100 Depreciation on administrative office furnishings - 55,500; Corporate executive salaries - 515,000. What are the total amount of direct manufacturing costs charged to WIP (work in process) inventory for February?

Answer 1

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Barry
Answer 1	Amount $
Beginning raw material inventory	8,500.00
Add: Purchases	23,000.00
Less: Raw material consumed	(21,650.00)
Ending raw material inventory	9,850.00
Answer 2	Amount $
Raw material consumed	21,650.00
Direct labor costs	15,210.00
Wags paid to worker providing direct labor	16,100.00
Direct manufacturing cost charged to WIP	52,960.00
Answer 3	Amount $
Factory Utilities	950.00
Depreciation on factory equipment	1,250.00
Insurance covering factory facilities	1,100.00
Factory supervisor salary	3,500.00
Indirect manufacturing material used	1,090.00
Manufacturing overhead cost assigned to Manufacturing overhead account	7,890.00