Question

The Ryde and Rowe Inc. had the following account balances as of January 1: $ 8,700 76,500 Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Manufacturing Overhead 53,000 During the month of January, all of the following occurred: 1. Direct labor costs were $48,000 for 1,800 hours worked. Direct materials costing $25,000 and indirect materials costing $4,300 were purchased. 3. Sales commissions of $16,000 were earned by the sales force. 4. $21,000 worth of direct materials were used in production. 5. Advertising costs of $6,300 were incurred. 6. Factory supervisors earned salaries of $11,659. 7. Indirect labor costs for the month were $3,000.

Answer 1

as CataulationoDiract matosials inuantoiy larticulars Girect materials inuontory,Jan Ist Diruct matosrials Pusrchared Nout Disract matesials used fo peluction iteectmatasial inuantiy anat Ambnt in g 2700 శికందిరి caio00 $18,t00

Siisalalation of ocrk in prsrcess (Pantiulars waik in pxeu inuuntosTan St eitact matesials used Dikect labaes wed fauenty F,500 24000 4,000 34/400 (69.000) $1L200 anudactusaiag ouahiadappliod deur Enitled gamda tansforal ort Woik in preen iaventsiy Jan 31St astis Caliulatbn of Fnished gaods inuantay artiaulais Tinished gords fauantolyanst Cast of fivhad geds tranfersed fo dun t g goods sald Rri ched goods nnt 53,000 (৪8 ५62) 33,5.38 anast Calculation Manufacturing Deshead.auount Anaouatio Pas biculais Kanugautuongeverhad Tanst Toskeract materiala purchasad Superanisos Ladirst labaur lest Dafreciation Fach&yatilities Hactoiy ianorance Properytaes dea Hanuyicturing oueheadanigned Hanuacturing ores headey Tanst 4300 659 2000 ,కం0• 6/962 M200 నంంం. salasuies 5221 Manfactering oustheads,an 31t22

Calulation sfoperating ioema fr denary astiulars Reuanues deut cost ofgmds kald 169840 88162) dau aperahing exnes Salas iomminions lusrticing enpones Cperating iecams ThaceJora a Dikcoct matesialsfauanty 19,Ho0 Werk in prcen fauant 0,00 Hinished goodsinuentrly 32,538 anufactarina eraads s5,221 Operating insome50,018 C6,000) 6300