Question

January 1 December 31 6,800 7,200 Required: How many jet skis did Allyson sell during the year? If each jet ski had a product cost of $2,200, what was the cost of goods sold last year? To the following information for Exercises 2-37 and 2-38: In March, Chilton Company purchased materials costing $25,000 and incurred direct labor cost of $10,000. Overhead totaled $42,000 for the month. Information on inventories was as follows: March 1 March 31 Materials $14,000 $6,500 Work in process 8,000 4,000 Finished goods 9,000 7,000 Exercise 2-37 Direct Materials Used, Cost of Goods Manufactured Refer to the information for Chilton Company above. Required: 1. What was the cost 2. What was the 3. What was the co cost of direct materials used in March? What was the total manufacturing cost in as the cost of goods manufactured for March?

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Answer 1

Exercise 2-371 DO a apivect materials 32,500 b) Direct labour) 10,000 c) manufacturing overhead 42000 total non facturing overhead 84,500 Cathto) 3 .ajtotal manufacting cart 89,500 b) Add: work in process march 1 8000 C) Ass : work in Rocross march 31 (4000) cost of goods manufactured 88,500 catb-c) =

well as the Expreise 2.4) Sales & Piparjes. 33 60 000 Percent of salg (0oy. sales hou hue 79 sooo 795000 x 100 = 23.667 33 60 000 Cost of goods sold 001 002 Gross 2565000 profit x 100 = 76.391, 2565000 33,60,00 less = 134. 4137,000 4137,000 x 33,60,000 Selling Popose 8,54000 trou = 2542). 8,59,000 Admin expenses 33, 6000 12,74,000 operating income 12,74000 x 100 = 37.927 33,60,00 UP bratrola Note ل لمطع a = Respective emount y 220 percent of Poles sales Revenup :59 2060 ban 20