Homework Answers
| Cost of Direct Material Used is Computed as: | |
| Raw materials inventory, beginning | $ 7,500 |
| Add: Raw materials purchased | $ 129,000 |
| Raw materials available for use | $ 136,500 |
| Less: Raw materials inventory, ending | ($ 11,200) |
| Direct material used | $ 125,300 |
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8 Use the following information to compute the cost of direct materials used for the current...
5 Use the following information to compute the cost of direct materials used for the current...
5 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials Inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 12.5 points Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7,500 13,600 9,300 $ 10,000 10,600 7,500 eBook References $130,000 102,300 41,400 Cost of Direct Material Used is Computed...
Use the following information to compute the cost of direct materials used for the current year....
Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ $ 6, 300 14, 800 10, 800 8,500 9,600 6, 800 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $135, 500 101,200 41, 100 Cost of Direct Material Used is...
seved Use the following information to compute the cost of direct materials used for the current...
seved Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7.400 13.800 10.700 8.100 11.600 6.800 $138.000 104.400 41. 100 Cost of Direct Material Used is Computed as: Raw materials...
Check my work 9. Use the following information to compute the cost of direct materials used...
Check my work 9. Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 6,000 12,000 8,500 $ 7,500 9,000 5,500 points ellook $123,500 94,000 39,000 Hin Print Reteronces Cost of Direct...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct materials used for the current year. Assume the Raw Materials Inventory account is used only for direct materials January 1 December 31 Imentories Raw materials inventory $ 6,000 7,500 Work in process inventory 12,000 9,000 Finished goods inventory 8.500 5,500 Actility during current year Materials purchased. $123,500 Direct labor... 94.000 Factory overhead... 39.000 QS 18-13 Trends in managerial accounting C6 1192
Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct...
Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, beginning Work in process, ending $ 242,500 73,000 28,000 160,000 144, 250 Barton Company Schedule of Cost of Goods Manufactured Total manufacturing costs Total cost of work in process Cost of goods manufactured $ Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory...
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased...
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased Direct materials used Direct labor used Total factory overhead Work in process inventory, beginning of year Cost of goods manufactured $133,200 78,400 63,000 105,500 30,000 228,400 $ 105,500 63,000 78,400 Ending Work In Process Inventory is Computed as: Factory overhead used in production Direct labor used in production Direct materials used in production Raw materials purchased Total manufacturing costs Add: Work in process inventory,...
The Richards Company manufactures a single product. All raw materials used are traceable to specific units...
The Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current Information for the Richards Company follows: Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory $ 15,000 17,000 95,000 45,000 30,000 135,000 65,000 60,000 50,000 The company's cost of raw materials used, cost of goods manufactured...
1 Compute ending work in process inventory for a manufacturer with the following information. 12.5 points...
1 Compute ending work in process inventory for a manufacturer with the following information. 12.5 points Raw materials purchased Direct materials used Direct labor used Total factory overhead Work in process inventory, beginning of year Cost of goods manufactured $139,800 82,600 58,000 109,000 28,800 228,400 eBook References Ending Work in Process Inventory is Computed as: Total manufacturing costs Total cost of work in process Work in process inventory, end of year Compute ending work in process inventory for a manufacturer...
145.000 The following information is available for the ison Comparation for the current year Cost of...
145.000 The following information is available for the ison Comparation for the current year Cost of goods sold... Depreciation of factory equipment... .. 25, 200 Direct labor Finished goods inventory. Beginningar Factory insurance ... .. .. Factory utilities Goods transferred from Work in Process Inventory to Finisbed Goods Inventory. 285.150 Indirect labore Raw materials inventory. Beginning-year Raw materials purchased Raw materials used in production Kincludes $7.000 of indirect materials)..... Rent on factory building 8,400 11.200 116,200 MPORTANT . 121,800 22,400...
5 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials Inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 12.5 points Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7,500 13,600 9,300 $ 10,000 10,600 7,500 eBook References $130,000 102,300 41,400 Cost of Direct Material Used is Computed...
Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ $ 6, 300 14, 800 10, 800 8,500 9,600 6, 800 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $135, 500 101,200 41, 100 Cost of Direct Material Used is...
seved Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7.400 13.800 10.700 8.100 11.600 6.800 $138.000 104.400 41. 100 Cost of Direct Material Used is Computed as: Raw materials...
Check my work 9. Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 6,000 12,000 8,500 $ 7,500 9,000 5,500 points ellook $123,500 94,000 39,000 Hin Print Reteronces Cost of Direct...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct materials used for the current year. Assume the Raw Materials Inventory account is used only for direct materials January 1 December 31 Imentories Raw materials inventory $ 6,000 7,500 Work in process inventory 12,000 9,000 Finished goods inventory 8.500 5,500 Actility during current year Materials purchased. $123,500 Direct labor... 94.000 Factory overhead... 39.000 QS 18-13 Trends in managerial accounting C6 1192
Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, beginning Work in process, ending $ 242,500 73,000 28,000 160,000 144, 250 Barton Company Schedule of Cost of Goods Manufactured Total manufacturing costs Total cost of work in process Cost of goods manufactured $ Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory...
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased Direct materials used Direct labor used Total factory overhead Work in process inventory, beginning of year Cost of goods manufactured $133,200 78,400 63,000 105,500 30,000 228,400 $ 105,500 63,000 78,400 Ending Work In Process Inventory is Computed as: Factory overhead used in production Direct labor used in production Direct materials used in production Raw materials purchased Total manufacturing costs Add: Work in process inventory,...
The Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current Information for the Richards Company follows: Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory $ 15,000 17,000 95,000 45,000 30,000 135,000 65,000 60,000 50,000 The company's cost of raw materials used, cost of goods manufactured...
1 Compute ending work in process inventory for a manufacturer with the following information. 12.5 points Raw materials purchased Direct materials used Direct labor used Total factory overhead Work in process inventory, beginning of year Cost of goods manufactured $139,800 82,600 58,000 109,000 28,800 228,400 eBook References Ending Work in Process Inventory is Computed as: Total manufacturing costs Total cost of work in process Work in process inventory, end of year Compute ending work in process inventory for a manufacturer...
145.000 The following information is available for the ison Comparation for the current year Cost of goods sold... Depreciation of factory equipment... .. 25, 200 Direct labor Finished goods inventory. Beginningar Factory insurance ... .. .. Factory utilities Goods transferred from Work in Process Inventory to Finisbed Goods Inventory. 285.150 Indirect labore Raw materials inventory. Beginning-year Raw materials purchased Raw materials used in production Kincludes $7.000 of indirect materials)..... Rent on factory building 8,400 11.200 116,200 MPORTANT . 121,800 22,400...
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