Homework Answers
Cost of Goods manufactured
= Beginning wip + Total manufacturing costs - Ending wip
= 50,000 + (12,500+26,500+5,500) - 37,000
= 57,500
Option C is the answer
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Using the information
below for Singing Dolls, Inc., determine cost of goods manufactured
for the year:
Work
in Process, January 1
$
50,000
Work in Process,
December 31
37,000
Total Factory
overhead
5,500
Direct materials
used
12,500
Direct labor
used
26,500
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Exercise 181 Fill in the missing information on the cost of goods manufactured schedule of Noland...
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Using the information
below for Singing Dolls, Inc., determine cost of goods manufactured
for the year:
Work
in Process, January 1
$
50,000
Work in Process,
December 31
37,000
Total Factory
overhead
5,500
Direct materials
used
12,500
Direct labor
used
26,500
Multiple Choice $57,500. $52,000. $13,000. $44,500. $94,500.
Question 49 2015 Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the years $ 50,000 37,000 5,500 Work in Process, January 1 Work in Process, December 31 Total factory overhead Direct materials used Direct labor used 12,500 26,500 $13,000 $44,500 $57,500 $94,500 $52,000 rused are traceable to specific units of
Question 49 23 Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year $ 50,000 37.000 5,500 Work in Process, January 1 Work in Process, December 31 Total factory overhead Direct materials used Direct labor used 12,500 26,500 $13,000 $44,500 $57,500 $94,500 $52,000 rused are traceable to specifcunsar Question 42 Kayak Company uses a job order costing system and allocate its head on teiste labor costs. Kayak Company's production costs for the year...
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Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, beginning Work in process, ending $ 242,500 73,000 28,000 160,000 144, 250 Barton Company Schedule of Cost of Goods Manufactured Total manufacturing costs Total cost of work in process Cost of goods manufactured $ Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory...
Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials purchases $ Raw materials inventory, December 31, 2018 984,000 165,000 1,149,000 $ 1,149,000 Raw materials available for use Less: Raw materials inventory, December 31, 2019 Direct materials used Finished goods, December 31, 2019 Factory overhead Depreciation expense---Factory equipment Factory supervision Factory supplies used Factory utilities Indirect labor Maintenance expense--Factory equipment Miscellaneous production costs Rent expense-Factory building ces 0 1,149,000 Total factory overhead...
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