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Selected information from the Blake Corporation accounting records for June follows Materials Inventory Work-In-Process Inventory Finished...
Selected information from the Blake Corporation accounting records for June follows: Materials Inventory BB (6/1) 94,000...
Selected information from the Blake Corporation accounting records for June follows: Materials Inventory BB (6/1) 94,000 466,000 421,000 Work-In-Process Inventory Labor 585,000 EB(6/30) 590,000 Finished Goods Inventory BB (6/1) 296,000 841,000 838,000 Cost of Goods Sold 29,000 Manufacturing Overhead Control 283,000 283,000 Applied Manufacturing Overhead 312,000 283,000 29,000 Additional information for June follows: Labor wage rate was $30 per hour. During the month, sales revenue was $1,039,000, and selling and administrative costs were $241,000. This company has no indirect materials...
Selected information from the Blake Corporation accounting records for June follows. ntory BB (6/1) Materials Inventory...
Selected information from the Blake Corporation accounting records for June follows. ntory BB (6/1) Materials Inventory 89,000 461,000 416,000 Work-In-Process Inventory Labor 510,000 EB (6/30) 540,000 Finished Goods Inventory BB (6/1) 291,000 836,000 833,000 Cost of Goods Sold Manufacturing Overhead Control 316,000 316,000 24,000 Applied Manufacturing Overhead 340,000 316,000 24,000 Additional information for June follows: • Labor wage rate was $30 per hour. • During the month, sales revenue was $1,029,000, and selling and administrative costs were $236,000 • This...
Selected information from the Blake Corporation accounting records for June follows: Materials Inventory BB (6/1) 77,000...
Selected information from the Blake Corporation accounting
records for June follows:
Materials Inventory
BB (6/1)
77,000
449,000
404,000
Work-In-Process Inventory
Labor
275,000
EB(6/30)
420,000
Finished Goods Inventory
BB (6/1)
279,000
824,000
821,000
Cost of Goods Sold
12,000
Manufacturing Overhead Control
219,000
219,000
Applied Manufacturing Overhead
231,000
219,000
12,000
Additional information for June follows:
Labor wage rate was $25 per hour.
During the month, sales revenue was $1,024,000, and selling and
administrative costs were $224,000.
This company has no indirect materials...
NOT SURE HOW TO DO AS YOU REQUESTED Selected information from the Blake Corporation accounting records...
NOT SURE HOW TO DO AS YOU REQUESTED Selected information from the Blake Corporation accounting records for June follows. (Materials Inventory BB (6/1) 82,000 454,000 / 409,000) (Work-In-Process Inventory Labor 337,500 EB(6/30) 470,000) (Finished Goods Inventory BB (6/1) 284,000 829,000 /826,000 ) (Cost of Goods Sold /17,000) (Manufacturing Overhead Control 280,000 /280,000) (Applied Manufacturing Overhead 297,000/ 280,000 17,000 ) Additional information for June follows: Labor wage rate was $25 per hour. During the month, sales revenue was $1,015,000, and selling...
McGown Corp. has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory...
McGown Corp. has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending Inventory Inventory (1/1) (12/31) $ 23,900 $ 38,700 $ 15,100 $ 27,000 $ 37,000 $ 28,900 Additional information for the year is as follows: Raw materials purchases $ 101,900 Direct labor $ 83,800 Manufacturing overhead applied $ 88,500 Indirect materials $ 0 Compute the direct materials used in production.
Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory...
Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 148,000 300,000 635,000 1,456,000 Ending Inventory $ 189,000 355,000 790,000 1,476,000 The following additional information describes the company's manufacturing activities for June: S 620,000 3, 465,000 178,000 $ 280,000 129,000 160,000 Raw materials purchases (on credit) Factory payroll coat (paid in cash) Other factory overhead coat (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a...
The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,500 Work-In-Process Inventory BB (11/1) 32,100...
The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,500 Work-In-Process Inventory BB (11/1) 32,100 Dir. Materials 86,500 Cost of Goods Sold Finished Goods Inventory EB (11/30) 103,000 Manufacturing Overhead Control Applied Manufacturing Overhead 267,000 Sales Revenue 771,400 Wages Payable Additional Data • Materials of $115,000 were purchased during the month, and the balance in the Materials Inventory account increased by $11,600. • Overhead is applied at the rate of 150 percent of direct labor cost. • Sales are...
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...
Work in process inventory Raw materials inventory Finished goods inventory S0 S28,500 S40,800 Additional data: 1....
Work in process inventory Raw materials inventory Finished goods inventory S0 S28,500 S40,800 Additional data: 1. Actual manufacturing overhead for January amounted to $67,000 2. Total direct labor cost for January was $63,200 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $250,000 of direct labor cost and $350,000 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor...
$ Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Manufacturing Overhead 8,700 76,500 53,000...
$ Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Manufacturing Overhead 8,700 76,500 53,000 During the month of January, all of the following occurred. 1. Direct labor costs were $49,000 for 1,800 hours worked. 2. Direct materials costing $28,000 and indirect materials costing $3,900 were purchased 3. Sales commissions of $16,000 were earned by the sales force. 4. $20,000 worth of direct materials were used in production. 5. Advertising costs of $6,300 were incurred. 6. Factory supervisors earned...
Selected information from the Blake Corporation accounting records for June follows. ntory BB (6/1) Materials Inventory 89,000 461,000 416,000 Work-In-Process Inventory Labor 510,000 EB (6/30) 540,000 Finished Goods Inventory BB (6/1) 291,000 836,000 833,000 Cost of Goods Sold Manufacturing Overhead Control 316,000 316,000 24,000 Applied Manufacturing Overhead 340,000 316,000 24,000 Additional information for June follows: • Labor wage rate was $30 per hour. • During the month, sales revenue was $1,029,000, and selling and administrative costs were $236,000 • This...
Selected information from the Blake Corporation accounting
records for June follows:
Materials Inventory
BB (6/1)
77,000
449,000
404,000
Work-In-Process Inventory
Labor
275,000
EB(6/30)
420,000
Finished Goods Inventory
BB (6/1)
279,000
824,000
821,000
Cost of Goods Sold
12,000
Manufacturing Overhead Control
219,000
219,000
Applied Manufacturing Overhead
231,000
219,000
12,000
Additional information for June follows:
Labor wage rate was $25 per hour.
During the month, sales revenue was $1,024,000, and selling and
administrative costs were $224,000.
This company has no indirect materials...
McGown Corp. has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending Inventory Inventory (1/1) (12/31) $ 23,900 $ 38,700 $ 15,100 $ 27,000 $ 37,000 $ 28,900 Additional information for the year is as follows: Raw materials purchases $ 101,900 Direct labor $ 83,800 Manufacturing overhead applied $ 88,500 Indirect materials $ 0 Compute the direct materials used in production.
Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 148,000 300,000 635,000 1,456,000 Ending Inventory $ 189,000 355,000 790,000 1,476,000 The following additional information describes the company's manufacturing activities for June: S 620,000 3, 465,000 178,000 $ 280,000 129,000 160,000 Raw materials purchases (on credit) Factory payroll coat (paid in cash) Other factory overhead coat (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a...
The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,500 Work-In-Process Inventory BB (11/1) 32,100 Dir. Materials 86,500 Cost of Goods Sold Finished Goods Inventory EB (11/30) 103,000 Manufacturing Overhead Control Applied Manufacturing Overhead 267,000 Sales Revenue 771,400 Wages Payable Additional Data • Materials of $115,000 were purchased during the month, and the balance in the Materials Inventory account increased by $11,600. • Overhead is applied at the rate of 150 percent of direct labor cost. • Sales are...
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...
Work in process inventory Raw materials inventory Finished goods inventory S0 S28,500 S40,800 Additional data: 1. Actual manufacturing overhead for January amounted to $67,000 2. Total direct labor cost for January was $63,200 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $250,000 of direct labor cost and $350,000 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor...
$ Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Manufacturing Overhead 8,700 76,500 53,000 During the month of January, all of the following occurred. 1. Direct labor costs were $49,000 for 1,800 hours worked. 2. Direct materials costing $28,000 and indirect materials costing $3,900 were purchased 3. Sales commissions of $16,000 were earned by the sales force. 4. $20,000 worth of direct materials were used in production. 5. Advertising costs of $6,300 were incurred. 6. Factory supervisors earned...
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