Option A------$5630
Calculation of Direct Material Cost in May 1 Work in Process Inventory Account
Direct Material cost = May 1 work in Process - Direct Labor - Overhead
Direct Material cost = 14000 - (310*15) - (310*12)
Direct Material cost = 14000 - 4650 - 3720
Direct Material cost = $5630
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials...
tyare corporation
Tyare Corporation had the following inventory balances at the beginning and end of May. Raw materials Finished Goods Work in Process May 1 $ 26,000 $75,500 $14,000 May 30 $31,000 $67,000 $ 16,567 During May, $59,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 310 hours of direct labor...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Gôods Work in Process May 1 May 30 $30,000 $39,000 $79,500 $75,000 $18,000 $17,193 During May, $63,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 390 hours of direct labor time had been expended...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Goods Work in Process May 1 May 30 $34,000 $47,000 $83,500 $83,000 $22,000 $17,809 During May, $67,000 in raw materials (all direct materials) were drawn from Inventory and used in production. The company's predetermined overhead rate was $12 per direct labor- hour, and it paid its direct labor workers $15 per hour. A total of 470 hours of direct labor time had been...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Goods Work in Process May 1 $29,500 $79,000 $17,500 May 30 $38,000 $ 74,000 $17,116 During May, $62,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 380 hours of direct labor time had been...
Tyare Corporation had the following inventory balances at the beginning and end of May: Raw materials Finished Goods Work in Process May 1 $30,000 $79,500 $18,000 $39,000 $75,000 $17,193 During May, $63,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 390 hours of direct labor time had been expended on the...
Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 May 30 Raw materials $ 26,500 $ 32,000 Finished Goods $ 76,000 $ 68,000 Work in Process $ 14,500 $ 16,654 During May, $59,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 320 hours of...
Tyare Corporation had the following inventory balances at the beginning and end of May. May 1 May 30 Raw materials $30,500 $40,000 Finished Goods $80,000 $76,000 Work in Process $18,500 $17,270 During May, $63,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 400 hours of direct labor time had been expended...
Tyare Corporation had the following inventory balances at the beginning and end of May. May 1 May 30 Raw materials $30,000 $39,000 Finished Goods $79,500 $75,000 Work in Process $18,000 $17,193 During May, $63,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 390 hours of direct labor time had been expended...
Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 May 30 Raw materials $ 32,500 $ 44,000 Finished Goods $ 82,000 $ 80,000 Work in Process $ 20,500 $ 17,578 During May, $65,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 440 hours of...
Tyare Corporation had the following inventory balances at the beginning and end of May Help Save Raw materials Finished Goods Work in Process May i 532.500 $82,000 $20,500 may 3o. $44.000 $80,000 $17.579 During May $65.500 in raw materials (all direct materials were drawn from inventory and used in production. The company's predetermined overhead rate was $2 per direct laborhout, and it paid its direct labor workers 515 per hour. A total of 440 hours of direct labor time had...