Question

T Mgr. Ac... Saved me Insert Draw Design Layout References Mailings Review View Help .....2 ...3.. 1.1.6.7. My Act 2121 -Opter 3 w Somer 20201 3) Dipaola Corporation has provided the following data conceming last month's operations Purchases of raw materials $ 26,000 Indirect materials included in manufacturing overhead $ 6,000 Direct labor cost $ 58,000 Manufacturing overhead applied to Work in Process $ 87,000 Overapplied overhead $ 6,000 Beginning Ending Rematerials entory $ 12,000 $ 18,000 Work in processor $ 46,000 $ 64,000 Finished goods inventory $ 31,000 546,000 How much is the direct materials cost for the mouth on the Schedule of Cost of Goods Manufactured A) 538,000 B) 532.000 C) $14,000 D) $26,000 9) Emigh Corporation's cost of goods manufactured for the just completed month was 5146,000 and its overhead was overapplied by 55,000. The beginning finished good inventory was $35,000 and the ending finished goods inventory was $37,000. The company closes out underapplied or overapplied manufacturing overhead to cost of goods sold. How much was the adjusted cost of goods sold on the Schedule of Cost of Goods Sold? A) $144,000 B) $146,000 C) $181.000 D) $199.000 10) Borchardt Corporation has provided the following data concerning last month's operation. Direct materials $ 29,000 Direct labor $ 58,000 Manufacturing overhead applied to Work in Process $ 82,000 Beginning Ending Work in process investory $ 66,000 $ 57,000 How much is the cost of yood manufactured for the month on the Schedule of Cost of Good Manufacture A) $235.000 B) $178,000 My Ace 2123 - Chapter 3w 2000 C) 5173.000 D) $169,000

Answer 1

8. Option: C) $14,000

workings:

Direct Materials:
Beginning Raw Material	12,000
Add: Raw Material purchases during the month	26,000
Total Raw Material available	38,000
Less: Ending Raw material	(18,000)
Raw Material used in production	20,000
Less: Indirect Material included in manufacturing Overhead (Since indirect material is a part of manufacturing overhead and in this question it is already included in Manufacturing Overhead, hence deduced from here)	(6,000)
Direct materials cost	14,000

9. Option: D) $139,000

workings:

Beginning finished goods inventory	35,000
Add: cost of goods manufactured	146,000
Less: Ending finished goods inventory	(37,000)
Less: over-applied overhead	(5,000)
Adjusted cost of goods sold	139,000

10. Option: B) $178,000

workings:

Direct material	29,000
Add: Direct labor	58,000
Add: Manufacturing overhead	82,000
Total Manufacturing Costs		169,000
Add: Beginning Work In Process		66,000
Less: Ending Work in Process		(57,000)
Cost of Goods manufactured		178,000