Question

Of all the times this hard drive could crash, it had to be now. Linda cried. How can I finish the June financial reports w
(1) Calculate the begininng finished goods. (Round answer to the nearest dollar amount eg. 5,275.) Begininng finished goods $
(5) Calculate the cost of goods manufactured. (Round answer to the nearest dollar amount, eg. 5,275.) Cost of goods manufactu
(9) Calculate the amount of applied overhead. Overhead $ e Textbook and Media Save for Later
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Answer #1
5) Cost of Goods Manufactured
Ending Finished Goods $    43,000.00
Add: Cost of Goods sold $ 2,80,500.00
Less: Beginning Finished Goods $ 1,14,000.00
$ 2,09,500.00
6) Direct Material Used
Ending WIP $    21,000.00
Add: Cost of Goods Manufactured $ 2,09,500.00
Less: Direct Labor $    26,000.00
Less: Manufacturing OH $    52,000.00
Less: Beginning WIP $    45,600.00
$ 1,06,900.00
7) Amount of purchases
Ending Raw Materials $    38,000.00
Add: Direct Material Used $ 1,06,900.00
Less: Beginning Raw Materials $    30,400.00
$ 1,14,500.00
8) Direct Labor $    26,000.00
9) Applied Overhead $    52,000.00 ($ 26000 x 200%)

Workings:

Beg. Bal. End. Bal.
Finished Goods $ 1,14,000.00 $    43,000.00
WIP $    45,600.00 $    21,000.00
RM $    30,400.00 $    38,000.00
Total $ 1,90,000.00 $ 1,02,000.00
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