We know that
Opening inventorý + Purchase of inventory - Inventory consumed during the period = Closing inventory
In the given case indirect material have been asked to ignore hence closing balance of inventory is as follow:-
Opening raw material $ 8,500
+ Purchase of raw material $ 23,000
- Raw material used in direct process $ 21,650
Closing balance of raw material $ 9,850
Since indirect materials are asked to ignore hence we are not considering them as reduction from total raw material.
Please comment for any explanation pertaining to question.
Thanks
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - $950, Direct...
QUESTION 1 Barry Company manufactures coats. The company accounting records during February show. Factory utilities - 5950: 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: $3,500, Indirect manufacturing materials used - $1,090, Insurance covering administrative facilities - 52.100 Depreciation on administrative...
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950: Direct materials used in production - S21.650: Direct materials purchased during the month - 523,000: Direct labor costs - $15.210: Wages paid to workers providing direct labor - $16,100: Depreciation on factory equipment - $1,250: Insurance covering factory facilities - 51.100: Marketing expenses. $4,700: Factory supervisor salary - $3.500: Indirect manufacturing materials used - $1,090: Insurance covering administrative facilities - 52.100: Depreciation on administrative office...
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-516,100; Depreciation on factory equipment - $1,250; Insurance covering factory facilities. $1,100; Marketing expenses - $4,700; Factory supervisor salary - $3,500; Indirect manufacturing materials used - $1,090; Insurance covering administrative facilities - $2,100; Depreciation on administrative office furnishings $5.500;...
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 - 516,100: Depreciation on factory equipment - 51.250; Insurance covering factory facilities - $1.100: Marketing expenses - 54,700; Factory supervisor salary - $3.500: Indirect manufacturing materials used - 51,090: Insurance covering administrative facilities - $2.100: Depreciation on administrative...
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - $950: Direct materials used in production - 521.650: 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 - 51.250: Insurance covering factory facilities - $1,100; Marketing expenses - 54,700: Factory supervisor salary - $3,500: Indirect manufacturing materials used - $1.090: Insurance covering administrative facilities - $2.100; Depreciation on administrative office...
QUESTION 3 Barry Company manufactures coats. The company accounting records during February show. Factory utilities - 5950; 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. $3,500; Indirect manufacturing materials used 51,090; Insurance covering administrative facilities - $2,100; Depreciation on administrative office...
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950; 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. 51,100; Marketing expenses - 54,700; Factory supervisor salary - $3,500; Indirect manufacturing materials used - 51,090; Insurance covering administrative facilities - 52,100; Depreciation on administrative office furnishings -...
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950; 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 - 51,100; Marketing expenses - 54,700, Factory supervisor salary - $3,500; Indirect manufacturing materials used $1.090, Insurance covering administrative facilities - $2,100 Depreciation on administrative office furnishings...
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 - $15,210; Wages paid to workers providing direct labor - $16,100; Depreciation on factory equipment - $1,250; Insurance covering factory facilities - $1,100; Marketing expenses - $4,700; Factory supervisor salary - $3,500; Indirect manufacturing materials used - $1,090; Insurance covering administrative facilities - $2,100; Depreciation on administrative office...
Barry Company manufactures coats. The company accounting records during February show. Factory utilities - 5950; Direct materials used in production - $21,650, 3 Direct materials purchased during the month - $23,000; Direct labor costs $15,210; Wages paid to workers providing direct labor - 516,100; Depreciation on factory equipment - $1,250; Insurance covering factory facilities - $1,100; Marketing expenses - $4,700; Factory supervisor salary - $3,500; Indirect manufacturing materials used - 51,090; Insurance covering administrative facilities - $2,100; Depreciation on administrative...