Enviro Corporation manufactures a special liquid cleaner at its Green plant. Operating data for June follow:
Materials$268,000
Labor 42,000
Manufacturing overhead 245,000
The Green plant produced 1,500,000 gallons in June. The plant never has any beginning or ending inventories.
Required:
Compute the cost per gallon of liquid cleaner produced in June.
Materials | $ 268,000 | |
Labor | $ 42,000 | |
Manufacuring Overhead | $ 245,000 | |
total | $ 555,000 | |
gallons | 1,500,000 | |
cost per gallon | 0.37 |
Enviro Corporation manufactures a special liquid cleaner at its Green plant. Operating data for June follow: Materials $ 484,000 Labor 47,000 Manufacturing overhead 234,000 The Green plant produced 1,700,000 gallons in June. The plant never has any beginning or ending inventories. Required: Compute the cost per gallon of liquid cleaner produced in June. (Round your answer to 2 decimal places.) Cost per gallon?
1. Enviro Corporation manufactures a special liquid cleaner at its Green plant. Operating data for June follow: Materials $ 308,000 Labor 38,000 Manufacturing overhead 246,000 The Green plant produced 1,600,000 gallons in June. The plant never has any beginning or ending inventories. Required: Compute the cost per gallon of liquid cleaner produced in June. (Round your answer to 2 decimal places.) 2.Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 191 million barrels...
lean Corporation manufactures liquid window cleaner. The following information concerns its work in process: • Beginning inventory, 37,100 partially complete gallons. • Transferred out, 214,200 gallons. • Ending inventory (materials are 21 percent complete; conversion costs are 10 percent complete). • Started this month, 237,400 gallons. Required: (a) Compute the equivalent units for materials using the weighted-average method. (b) Compute the equivalent units for conversion costs using the weighted-average method.
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process: • Beginning inventory, 43,100 partially complete gallons. • Transferred out, 209,700 gallons. • Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete). • Started this month, 238,600 gallons. Required: (a) Compute the equivalent units for materials using the weighted-average method. Equivalent units (b) Compute the equivalent units for conversion costs using the weighted-average method. Equivalent units
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? O $850000. O $665000. $865000. $695000. Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 $320000...
Ester Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company’s only product is as follows: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 1.9 gallons $ 6.50 per gallon $ 12.35 Direct labor 0.80 hours $ 18.00 per hour...
Quinton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance-Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $27,000 56,000 80,000 60,000 361,000 469,000 20,000 23,000 268,000 What was the total manufacturing costs incurred during the year? O A. $1,161,000 OB. $850,000 OC. $692,000 OD. $311,000
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials included in manufacturing overhead $ 5,000 Direct labor $ 58,000 Manufacturing overhead applied to work in process $ 87,000 Underapplied overhead $ 4,000 Inventories Beginning Ending Raw materials $ 12,000 $ 18,000 Work in process $ 56,000 $ 65,000 Finished goods $ 35,000 $ 42,000 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials $25,000 $21,000 Work in process $17,000 $10,000 Finished Goods $48,000 $56,000 Additional information: Raw materials purchases $72,000 Direct labor cost $92,000 Manufacturing overhead cost incurred $42,000 Indirect materials included in manufacturing overhead cost incurred $ 4,000 Manufacturing overhead cost applied to Work in Process $41,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: Prepare a Schedule...
Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials.......... $25,000 $21,000 Work in process....... $17,000 $10,000 Finished goods......... $48,000 $56,000 Additional information: Raw materials purchases.......................................... $72,000 Direct labor cost...................................................... $92,000 Manufacturing overhead cost incurred....................... $42,000 Indirect materials included in manufacturing overhead cost incurred........................................................ $4,000 Manufacturing overhead cost applied to Work in Process................................................................ $41,000 Required: Please show all the calculation needed to prepare the following requirements 1- Prepare a Schedule of Cost of...