Homework Answers
Total manufacturing costs for the period = Cost of goods manufactured - Beginning work in process inventory + Ending work in process
= $960,000 - $60,000 + $45,000
= $945,000
Option a. is correct answer.
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Mesquite Manufacturing Company developed the following data: Beginning work in process $ 60,000 inventory Direct materials...
Hayward Manufacturing Company developed the following data: Beginning work in process inventory $1,000,000 Direct materials used...
Hayward Manufacturing Company developed the following data: Beginning work in process inventory $1,000,000 Direct materials used 700,000 Actual overhead 1,100,000 Overhead applied 800,000 Cost of goods manufactured 1,400,000 Ending work in process 1,600,000 Hayward Manufacturing Company's total manufacturing costs added to work in process during the period is $3,000,000 O $2,000,000 $1,200,000 $800,000
Payne Company developed the following data for the current year: Beginning work in process inventory $...
Payne Company developed the following data for the current year: Beginning work in process inventory $ 68,000 Direct materials used 104,000 Actual overhead 88,000 Overhead applied 92,000 Cost of goods manufactured 450,000 Total manufacturing costs 428,000 1. How much is Payne Company's direct labour cost for the year? 2. How much is Payne Company's ending work in process inventory for the year?
Greer Company developed the following data for the current year: Beginning work in process inventory $...
Greer Company developed the following data for the current year: Beginning work in process inventory $ 102,000 Direct materials used 156,000 Actual overhead 132,000 Overhead applied 138,000 Cost of goods manufactured 675,000 Total manufacturing costs 642,000 How much is Greer Company's ending work in process inventory for the year? Is the Manufacturing Overhead Overapplied or Underapplied and by how much? Record the journal entry for Over/Under applied OH for this problem. What account will the COGM of $675,000 be transferred...
Sunland Company developed the following data for the current year: Beginning work in process inventory $...
Sunland Company developed the following data for the current year: Beginning work in process inventory $ 156000 Direct materials used 208000 Actual overhead 176000 Overhead applied 184000 Cost of goods manufactured 910000 Total manufacturing costs 866000 How much is Sunland Company's direct labor cost for the year? $518000 $318000 $474000 $630000
Sunland Company developed the following data for the current year: Beginning work in process inventory $250000...
Sunland Company developed the following data for the current year: Beginning work in process inventory $250000 Direct materials used 144000 288000 Actual overhead Overhead applied 216000 Cost of goods manufactured 264000 Total manufacturing costs 730000 Sunland Company's direct labor cost for the year is $288000. $216000 $72000 $370000
Crane Company developed the following data for the current year: $36000 Beginning work in process inventory...
Crane Company developed the following data for the current year: $36000 Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs 208000 176000 184000 800000 756000 How much is Crane Company's direct labor cost for the year? $408000 $328000 $364000 $400000
Bonita Industries developed the following data for the current year: Beginning work in process inventory $160000...
Bonita Industries developed the following data for the current
year:
Beginning work in process
inventory
$160000
Direct materials used
64000
Actual overhead
208000
Overhead applied
136000
Cost of goods manufactured
184000
Total manufacturing costs
480000
Bonita Industries's direct labor cost for the year is
$184000.
$280000.
$72000.
$136000.
List: Beginning raw materials inventory Beginning work in process inventory Cost of goods manufactured Direct labor...
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
21. Hen Hao Lao Shi Mullen, Inc developed the following data: Beginning work in process inventory...
21. Hen Hao Lao Shi Mullen, Inc developed the following data: Beginning work in process inventory (WIP) Direct materials used (DM) Actual overhead (OH) Overhead applied (est OH) Cost of goods manufactured (CGM) Ending work in process (WIP) Hen Hao Lao Shi Mullen, Inc's total manufacturing costs (TMC) for the period is A) $570,000. B) $540,000. C) $390,000. D) cannot be determined from the data provided. Page 5 $270,000 210,000 330,000 240,000 360,000 450,000 22. Hen Hao Professor Mullen, Inc...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of materials 51,000 Available for use 77,000 (26,000) Ending raw materials inventory Direct materials used Direct labor 49,000 costs 173,000 Manufacturing overhead Total manufacturing incurred during the month Total manufacturing to account for Less: Ending work in process inventory Cost of goods manufactured costs (21,000) Elly Manufacturing Company Income Statement Month Ended June 30 Sales revenue Cost of goods sold: Beginning finished goods inventory Cost...
Hayward Manufacturing Company developed the following data: Beginning work in process inventory $1,000,000 Direct materials used 700,000 Actual overhead 1,100,000 Overhead applied 800,000 Cost of goods manufactured 1,400,000 Ending work in process 1,600,000 Hayward Manufacturing Company's total manufacturing costs added to work in process during the period is $3,000,000 O $2,000,000 $1,200,000 $800,000
Sunland Company developed the following data for the current year: Beginning work in process inventory $250000 Direct materials used 144000 288000 Actual overhead Overhead applied 216000 Cost of goods manufactured 264000 Total manufacturing costs 730000 Sunland Company's direct labor cost for the year is $288000. $216000 $72000 $370000
Crane Company developed the following data for the current year: $36000 Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs 208000 176000 184000 800000 756000 How much is Crane Company's direct labor cost for the year? $408000 $328000 $364000 $400000
Bonita Industries developed the following data for the current
year:
Beginning work in process
inventory
$160000
Direct materials used
64000
Actual overhead
208000
Overhead applied
136000
Cost of goods manufactured
184000
Total manufacturing costs
480000
Bonita Industries's direct labor cost for the year is
$184000.
$280000.
$72000.
$136000.
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of materials 51,000 Available for use 77,000 (26,000) Ending raw materials inventory Direct materials used Direct labor 49,000 costs 173,000 Manufacturing overhead Total manufacturing incurred during the month Total manufacturing to account for Less: Ending work in process inventory Cost of goods manufactured costs (21,000) Elly Manufacturing Company Income Statement Month Ended June 30 Sales revenue Cost of goods sold: Beginning finished goods inventory Cost...
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