Direct material used = $59,389
Working
Direct Material | ||
Direct material Inventory- Beginning | $ 23,011.00 | |
Add: Direct material Purchased (59838-2337) | $ 57,501.00 | |
Direct material available for use | $ 80,512.00 | |
Less: Direct material Inventory- Ending | $ 21,123.00 | |
Direct Material Used | $ 59,389.00 |
Ginobili Corp has the following information: Beginning Inventory (1/1) $ 23,011 $ 11,826 $ 18,584 Ending...
McGown Corp has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $ 24,900 $ 33,400 Work in Process Inventory $ 22,700 $ 23,300 Finished Goods Inventory $ 33,200 $ 23,800 Additional information for the year is as follows: Raw materials purchases $ 101,200 Direct labor $ 83,300 Manufacturing overhead applied $ 89,100 Indirect materials $ 0 Compute the unadjusted cost of goods sold. $273,900 $264,500 $274,500 $147,200
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.
20. GOD newconnect.mheducation.com Help Save & Exit Submit Quiz 2 McGown Corp has the following information: Beginning Ending Inventory Inventory (1/1) (12/31) $ 24,900 $ 33,400 $ 22,700 $ 23,300 $ 33,200 $ 23,800 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases $101,200 Direct labor $ 83,300 Manufacturing overhead applied $ 89,100 Indirect materials Compute the direct materials used in production Multiple Choice 0 $92,700 0 $109700...
StoSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Raw materials Work in process Finished goods Beginning Inventory $28,100 21.900 79,900 Ending Inventory $25,600 46,800 68,500 Additional information for the month of March follows: Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling general, and administrative expenses Sales revenue 40,500 1,900 62,900 35.200 23,200 236,500 Required: 1. Based on the above information, prepare a cost of...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
Santos Inc. had the following information for the preceding year Beginning Ending Inventory Inventory (1/1) (12/31). $ 42,700 $ 32,600 $ 39,800 $ ?? $ 34,000 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of Boods manufactured Cost of goods sold $208,500 $155, 200 $166,700 $522,700 $551,300 What was the ending Work in Process inventory balance on 123
Santos Inc. had the following information for the preceding year: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $ 45,600 $ 32,500 Work in Process Inventory $ 37,900 $ ?? Finished Goods Inventory $ 33,200 $ ?? Additional information for the year is as follows: Direct materials used $ 209,300 Direct labor $ 158,500 Manufacturing overhead applied $ 162,200 Cost of goods manufactured $ 525,200 Unadjusted cost of goods sold $ 544,000 What was the ending Finished Goods Inventory...
Simple problems. Corrections for all problems please! Anderson Inc. issued $171,950 in raw materials to production (of the $171,950, $30,491 were not traceable to specific jobs). The credit to Raw Materials Inventory would be ? 171950-30491 is wrong ----------------------- Anderson Inc. issued $162,930 in raw materials to production (of the $162,930, $35,420 were not traceable to specific jobs). The debit to Work in Process would be ? 162930 is wrong ----------------------------- Parker Company makes custom chef aprons. Parker has the...
Santos Inc had the following information for the preceding year: Beginning Ending Inventory Inventory 43,200 30,800 31,500 ?? (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $40,300 $ ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $203,900 $157,700 167,500 $533,200 $551,800 What was the ending Work in Process Inventory balance on 12/31? O $54,800 O $36,200 O $58,900 O $14,500
Santos Inc. had the following information for the preceding year: Beginning Ending Inventory Inventory (1/1) (12/31) $ 49,000 $ 31,300 $ 38,000 $ ?? $ 30,500 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $205,700 $157,200 $167,000 $527,000 $553,700 What was the ending Work in Process Inventory balance on 12/31? What was...