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please help me sold the Work-in-Process account :
1-Direct Raw Materials Used = 60 Direct Labor...
Raw materials purchased $ 900 Beginning raw materials 50 Direct materials used 790 Indire
Raw materials purchased $ 900 Beginning raw materials 50 Direct materials used 790 Indirect materials requested 35 Indirect labor 150 Utilities - administration area 99 Utilities - factory area 210 Rent - adminstration 100 Rent - factory 250 Taxes - administration 200 Taxes - factory 400 Other - factory 550 Other manufacturing overhead actual 75 Direct labor 250 Manufacturing overhead applied at 150% of direct costs 125% Beginning WIP 260 Ending WIP 125 Beginning finished good 20 Ending finished goods...
Prepare the cost of goods manufactured schedule. $ Raw materials purchased Beginning raw materials Direct materials...
Prepare the cost of goods manufactured schedule.
$ Raw materials purchased Beginning raw materials Direct materials used Indirect materials requested Indirect labor Utilities - administration area Utilities - factory area Rent - adminstration Rent - factory Taxes - administration Taxes-factory Other factory Other manufacturing overhead actual Direct labor Manufacturing overhead applied at 150% of direct costs Beginning WIP Ending WIP Beginning finished good Ending finished goods 850 40 750 30 100 90 200 100 200 200 500 500 75 250...
raw materials purchased $ 900 Beginning raw materials 50 Direct materials used 790 Indire
raw materials purchased $ 900 Beginning raw materials 50 Direct materials used 790 Indirect materials requested 35 Indirect labor 150 Utilities - administration area 99 Utilities - factory area 210 Rent - adminstration 100 Rent - factory 250 Taxes - administration 200 Taxes - factory 400 Other - factory 550 Other manufacturing overhead actual 75 Direct labor 250 Manufacturing overhead applied at 150% of direct costs 125% Beginning WIP 260 Ending WIP 125 Beginning finished good 20 Ending finished goods...
List: Beginning raw materials inventory Beginning work in process inventory Cost of goods manufactured Direct labor...
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
Raw materials purchased $ 850 Beginning raw materials &nbs
Raw materials purchased $ 850 Beginning raw materials 40 Direct materials used 750 Indirect materials requested 30 Indirect labor 100 Utilities - administration area 90 Utilities - factory area 200 Rent - adminstration 100 Rent - factory 200 Taxes - administration 200 Taxes - factory 500 Other - factory 500 Other manufacturing overhead actual 75 Direct labor 250 Manufacturing overhead applied at 150% of direct costs 125% Beginning WIP 250 Ending WIP 125 Beginning finished good 20 Ending finished goods 15...
Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work...
Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,800 $58,400 $88,400 $ 4, 120 Inventories Raw materials Work in process Finished goods Beginning $ 10,800 $ 54,500 $ 34,400 Ending $ 19,600 $ 69,400 $ 43,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of materials 51,000 Available for use 77,000 (26,000) Ending raw materials inventory Direct materials used Direct labor 49,000 costs 173,000 Manufacturing overhead Total manufacturing incurred during the month Total manufacturing to account for Less: Ending work in process inventory Cost of goods manufactured costs (21,000) Elly Manufacturing Company Income Statement Month Ended June 30 Sales revenue Cost of goods sold: Beginning finished goods inventory Cost...
a. Raw materials purchased on account, $290,000. . Raw materials used in production (all direct materials)....
a. Raw materials purchased on account, $290,000. . Raw materials used in production (all direct materials). $275,000. . Utility bills incurred on account, $77,000 (90% related to factory operations, and the remainder related to selling and administrative activities). . Accrued salary and wage costs: Direct labor (970 hours) Indirect labor Selling and administrative salaries $320,000 $ 108,000 $200,000 2. Maintenance costs incurred on account in the factory, $72,000 f. Advertising costs incurred on account, $154,000. ). Depreciation was recorded for...
$40 Sales ...... $990 Raw materials inventory, beginning ....... - Raw materials inventory, ending .... $70...
$40 Sales ...... $990 Raw materials inventory, beginning ....... - Raw materials inventory, ending .... $70 Purchases of raw materials...... $120 Direct labor ............ $200 - Manufacturing overhead ...................... $230 Administrative expenses ...................... $150 Selling expenses................. $140 Work in process inventory, beginning........ $70 Work in process inventory, ending ..... ... $50 Finished goods inventory, beginning .......... Finished goods inventory, ending .............. $160 $120 51. The cost of the raw materials used in production during the year (in thousands of dollars)...
Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to...
Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,790 $59,300 $88,700 $ 4,020 Inventories Raw materials Work in process Finished goods Beginning $ 10,400 $ 54,600 $ 34,800 Ending $ 18,700 $ 69,100 $ 42,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied...
Prepare the cost of goods manufactured schedule.
$ Raw materials purchased Beginning raw materials Direct materials used Indirect materials requested Indirect labor Utilities - administration area Utilities - factory area Rent - adminstration Rent - factory Taxes - administration Taxes-factory Other factory Other manufacturing overhead actual Direct labor Manufacturing overhead applied at 150% of direct costs Beginning WIP Ending WIP Beginning finished good Ending finished goods 850 40 750 30 100 90 200 100 200 200 500 500 75 250...
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,800 $58,400 $88,400 $ 4, 120 Inventories Raw materials Work in process Finished goods Beginning $ 10,800 $ 54,500 $ 34,400 Ending $ 19,600 $ 69,400 $ 43,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of materials 51,000 Available for use 77,000 (26,000) Ending raw materials inventory Direct materials used Direct labor 49,000 costs 173,000 Manufacturing overhead Total manufacturing incurred during the month Total manufacturing to account for Less: Ending work in process inventory Cost of goods manufactured costs (21,000) Elly Manufacturing Company Income Statement Month Ended June 30 Sales revenue Cost of goods sold: Beginning finished goods inventory Cost...
a. Raw materials purchased on account, $290,000. . Raw materials used in production (all direct materials). $275,000. . Utility bills incurred on account, $77,000 (90% related to factory operations, and the remainder related to selling and administrative activities). . Accrued salary and wage costs: Direct labor (970 hours) Indirect labor Selling and administrative salaries $320,000 $ 108,000 $200,000 2. Maintenance costs incurred on account in the factory, $72,000 f. Advertising costs incurred on account, $154,000. ). Depreciation was recorded for...
$40 Sales ...... $990 Raw materials inventory, beginning ....... - Raw materials inventory, ending .... $70 Purchases of raw materials...... $120 Direct labor ............ $200 - Manufacturing overhead ...................... $230 Administrative expenses ...................... $150 Selling expenses................. $140 Work in process inventory, beginning........ $70 Work in process inventory, ending ..... ... $50 Finished goods inventory, beginning .......... Finished goods inventory, ending .............. $160 $120 51. The cost of the raw materials used in production during the year (in thousands of dollars)...
Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,790 $59,300 $88,700 $ 4,020 Inventories Raw materials Work in process Finished goods Beginning $ 10,400 $ 54,600 $ 34,800 Ending $ 18,700 $ 69,100 $ 42,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied...
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