Question

QUESTION 4 Connor Manufacturing began the month of February with the following inventories. Direct Materials Inventory $700 Work in Process Inventory $800 Finished Goods Inventory $2040 During the month, Connor purchased $6800 in direct materials and used $6720 in direct labor. At the end of the month, the inventory values for Connor Manufacturing were as follows. Direct Materials Inventory $1180 Work in Process Inventory $670 Finished Goods Inventory $2300 Connor had $4100 in manufacturing overhead costs for February. What were the goods available for sale for Connor in February? QUESTIONS Adil Manufacturing began the month of February with the following inventories. Direct Materials Inventory $600 Work in Process Inventory $750 Finished Goods Inventory $2100 During the month, Adil purchased $7000 in direct materials and used $6800 in direct labor. At the end of the month, the inventory values for Adil Manufacturing were as follows Direct Materials Inventory $1020 Work in Process Inventory $640 Finished Goods Inventory $2400 Adil had 54100 in manufacturing overhead costs for February. What was the cost of goods sold during February?

need explenation!

Answer 1

	Q4	Q5	Q6	Q7	Q8	Q9	Q10
Schedule of Cost of Goods manufactured
Direct Materials
Raw Material, Beginning Inventory	$                700	$             600	$            1,500	$             1,100	$             700	$         1,200	$         1,300
Add: Purchases	$            6,800	$         7,000	$            6,000	$             7,300	$         5,800	$         5,900	$         6,500
Total Raw Material Available	$            7,500	$         7,600	$            7,500	$             8,400	$         6,500	$         7,100	$         7,800
Deduct : Raw Material in inventory, ending	$            1,180	$         1,020	$            2,400	$             1,900	$             290	$             490	$             460
Direct Material used in production	$            6,320	$         6,580	$            5,100	$             6,500	$         6,210	$         6,610	$         7,340
Direct Labor	$            6,720	$         6,800	$            6,560	$             7,440	$         5,440	$         5,840	$         6,320
Overhead	$            4,100	$         4,100	$            4,500	$             4,750	$         3,600	$         4,150	$         4,550
Total Manufacturing Costs	$          17,140	$       17,480	$          16,160	$           18,690	$       15,250	$       16,600	$       18,210
Add: Beginning Work in Process Inventory	$                800	$             750	$            1,100	$             1,000	$             500	$             700	$             700
Total Cost of Work in Process	$          17,940	$       18,230	$          17,260	$           19,690	$       15,750	$       17,300	$       18,910
Deduct: Ending Work in Process Inventory	$                670	$             640	$            1,340	$             1,200	$             450	$             800	$             800
Cost of Goods Manufactured	$          17,270	$       17,590	$          15,920	$           18,490	$       15,300	$       16,500	$       18,110
Add : Finished Goods Inventory, Beginning	$            2,040	$         2,100	$            1,800	$             2,190	$         1,740	$         1,770	$         1,950
Cost of Goods Available for sale	$          19,310	$       19,690	$          17,720	$           20,680	$       17,040	$       18,270	$       20,060
Deduct : Finished Goods Inventory, Ending	$            2,300	$         2,400	$            1,300	$             2,700	$         1,500	$         1,300	$         1,400
Cost of Goods Sold	$          17,010	$       17,290	$          16,420	$           17,980	$       15,540	$       16,970	$       18,660
Final Answer	$          19,310	$       17,290	$          16,420	$           20,680	$       17,040	$       16,500	$       18,910

I have given the detailed caluclation worksheet for understanding.

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