Homework Answers
Correct answer-----------$208,000
Working
| Schedule of Cost of Goods Manufactured | ||
| Direct Material Used | $ 57,000.00 | |
| Direct labor | $ 87,000.00 | |
| Manufacturing overheads applied | $ 61,000.00 | |
| Total manufacturing Cost During the month | $ 2,05,000.00 | |
| Add: Work in progess Beginning | $ 17,000.00 | |
| Total Work in Process | $ 2,22,000.00 | |
| Less: Work in progress Ending | $ 12,000.00 | |
| Cost of Goods Manufactured | $ 2,10,000.00 | |
| Schedule of cost of goods sold | ||
| Beginning Finisged Goods Inventory | $ 46,000.00 | |
| Add: Cost of goods manufactured | $ 210,000.00 | |
| Goods Available for sale | $ 256,000.00 | |
| Less :Ending Finished goods Inventory | $ 50,000.00 | |
| Unadjusted Cost of Goods Sold | $ 206,000.00 | |
| Underapplied Manufacturing overheads | $ 2,000.00 | |
| Adjusted cost of goods sold | $ 208,000.00 | |
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K Inc. has provided Inventarics following data- rthe month of May Beginning Ending e a6 00...
Koczela Inc. has provided the following data for the month of May Inventories: Work in process...
Koczela Inc. has provided the following data for the month of May Inventories: Work in process Finished goods Beginning Ending $ 28,000 $23,000 $ 57,000 $61,000 Additional information: Direct materials Direct labor cost Manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $68,000 $98,000 $ 74,000 $72,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for May is: The cost of goods manufactured for May is:...
Beshaw Inc. has provided the following data for the month of January. There were no beginning...
Beshaw Inc. has provided the following data for the month of January. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Cost of Work In Finished Goods Process Goods Sold Total $ 3,440 $ 8,450 $ 61,880 $ 73, 770 6,160 16,250 119,000 141,410 3,300 6,050 45,650 55,000 $12,900 $30,750 $226,530 $270, 180 Manufacturing overhead for the month...
Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials...
Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 33,000 $ 33,000 Work in process $ 19,000 $ 23,000 Finished goods $ 35,000 $ 50,000 Additional information: Raw materials purchases $ 69,000 Direct labor cost $ 94,000 Manufacturing overhead cost incurred $ 62,000 Indirect materials included in manufacturing overhead cost incurred $ 9,200 Manufacturing overhead cost applied to Work in Process $ 61,000 Any underapplied or overapplied manufacturing overhead is closed out...
Reith Inc. has provided the following data for the month of November. There were no beginning...
Reith Inc. has provided the following data for the month of November. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $1,850 3,510 1,560 $6,920 Finished Goods $10,440 22,620 7,800 $40,860 Cost of Goods Sold $ 58,560 126,880 42,640 $228,080 Total $ 70,850 153,010 52,000 $275,860 Manufacturing overhead for the month was overapplied by $4,000....
Weatherhead Inc. has provided the following data for the month of March. There were no beginning...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Cost of Work In Finished Goods Process Goods Sold Total $ 4,240 $14,740 $ 41,820 $ 60,800 10,320 29,480 83,880 123,680 5,860 11,740 35,060 52,660 $20,420 $55,960 $160,760 $237, 140 Manufacturing overhead for the month was overapplied...
Reith Inc. has provided the following data for the month of November. There were no beginning...
Reith Inc. has provided the following data for the month of November. There were no beginning inventories consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $1,650 3,510 1,560 $6,920 Finished Goods $10,440 22,620 7,800 $40,860 Cost of Goods Sold $ 58,560 126,880 42,640 $228,080 Total $ 70,850 153, 010 52,000 $275,860 Manufacturing overhead for the month was overapplied by...
Jaquish Inc. has provided the following data for the month of January. There were no beginning...
Jaquish Inc. has provided the following data for the month of January. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month Direct materials Direct labor Manufacturing overhead applied Total Work In Process $2,440 3,190 3,200 $8,830 Finished Goods $ 7,800 12,480 6,400 $26,689 Cost of Goods Sold $ 37,989 60,640 30,400 $128,940 Total $ 48,140 76,310 40,000 $164,450 Manufacturing overhead for the month was underapplied by...
Castagnola Inc. has provided the following data for the month of January. There were no beginning...
Castagnola Inc. has provided the following data for the month of January. There were no beginning inventories, consequently, th direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $ 880 4,100 2,460 $7,440 Cost of Goods Finished Goods Sold $ 5,500 $ 23,100 17,600 73,920 7,380 31,160 $30,480 $128, 180 Total $ 29,480 95,620 41,000 $166,100 Manufacturing overhead for the month was...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 4,240 $ 14,740 $ 41,820 $ 60,800 Direct labor 10,320 29,480 83,880 123,680 Manufacturing overhead applied 5,860 11,740 35,060 52,660 Total $ 20,420 $ 55,960 $ 160,760 $ 237,140 Manufacturing overhead for...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning...
Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 4,240 $ 14,720 $ 41,560 $ 60,520 Direct labor 9,800 29,440 83,840 123,080 Manufacturing overhead applied 5,830 10,570 34,980 51,380 Total $ 19,870 $ 54,730 $ 160,380 $ 234,980 Manufacturing overhead for...
Koczela Inc. has provided the following data for the month of May Inventories: Work in process Finished goods Beginning Ending $ 28,000 $23,000 $ 57,000 $61,000 Additional information: Direct materials Direct labor cost Manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $68,000 $98,000 $ 74,000 $72,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for May is: The cost of goods manufactured for May is:...
Beshaw Inc. has provided the following data for the month of January. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Cost of Work In Finished Goods Process Goods Sold Total $ 3,440 $ 8,450 $ 61,880 $ 73, 770 6,160 16,250 119,000 141,410 3,300 6,050 45,650 55,000 $12,900 $30,750 $226,530 $270, 180 Manufacturing overhead for the month...
Reith Inc. has provided the following data for the month of November. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $1,850 3,510 1,560 $6,920 Finished Goods $10,440 22,620 7,800 $40,860 Cost of Goods Sold $ 58,560 126,880 42,640 $228,080 Total $ 70,850 153,010 52,000 $275,860 Manufacturing overhead for the month was overapplied by $4,000....
Weatherhead Inc. has provided the following data for the month of March. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Cost of Work In Finished Goods Process Goods Sold Total $ 4,240 $14,740 $ 41,820 $ 60,800 10,320 29,480 83,880 123,680 5,860 11,740 35,060 52,660 $20,420 $55,960 $160,760 $237, 140 Manufacturing overhead for the month was overapplied...
Reith Inc. has provided the following data for the month of November. There were no beginning inventories consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $1,650 3,510 1,560 $6,920 Finished Goods $10,440 22,620 7,800 $40,860 Cost of Goods Sold $ 58,560 126,880 42,640 $228,080 Total $ 70,850 153, 010 52,000 $275,860 Manufacturing overhead for the month was overapplied by...
Jaquish Inc. has provided the following data for the month of January. There were no beginning inventories, consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month Direct materials Direct labor Manufacturing overhead applied Total Work In Process $2,440 3,190 3,200 $8,830 Finished Goods $ 7,800 12,480 6,400 $26,689 Cost of Goods Sold $ 37,989 60,640 30,400 $128,940 Total $ 48,140 76,310 40,000 $164,450 Manufacturing overhead for the month was underapplied by...
Castagnola Inc. has provided the following data for the month of January. There were no beginning inventories, consequently, th direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $ 880 4,100 2,460 $7,440 Cost of Goods Finished Goods Sold $ 5,500 $ 23,100 17,600 73,920 7,380 31,160 $30,480 $128, 180 Total $ 29,480 95,620 41,000 $166,100 Manufacturing overhead for the month was...
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