Question

The following T-accounts record the operations of Crane Co.: Assume all raw materials are direct materials....

The following T-accounts record the operations of Crane Co.:

Assume all raw materials are direct materials.

Raw Materials

Beginning Balance

25,000
230,000
?

Ending Balance

15,000

Work in Process

Beginning Balance

35,000

Direct Material

?

Direct Labor

165,000

Overhead

?
?

Ending Balance

25,000

Finished Goods

Beginning Balance

40,000

COGM

?
640,000

Ending Balance

15,000


(a) Calculate the amount of direct materials purchased during the period.

Raw materials purchased $enter the raw materials purchased in dollars


(b) Calculate the cost of goods manufactured during the period.

Costs of goods manufactured $enter the costs of goods manufactured in dollars


(c) Calculate the total manufacturing overhead cost for the period.

Total manufacturing overhead cost $enter the total manufacturing overhead cost in dollars


(d) Calculate the total manufacturing cost for the period.

Total manufacturing cost $enter the total manufacturing cost in dollars
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Answer #1
Requirement a
Direct Materials purchased (230,000+15,000-25,000) $220,000
Requirement b
Cost of Goods Manufacturing (640,000+15,000-40,000) $615,000
Requirement c
Total manufacturing overhead cost (615,000+25,000-35,000-220,000-165,000) $220,000
Requirement d
Total manufacturing cost (220,000+165,000+220,000) $605,000
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