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Check my work 9. Use the following information to compute the cost of direct materials used...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct materials used for the current year. Assume the Raw Materials Inventory account is used only for direct materials January 1 December 31 Imentories Raw materials inventory $ 6,000 7,500 Work in process inventory 12,000 9,000 Finished goods inventory 8.500 5,500 Actility during current year Materials purchased. $123,500 Direct labor... 94.000 Factory overhead... 39.000 QS 18-13 Trends in managerial accounting C6 1192
5 Use the following information to compute the cost of direct materials used for the current...
5 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials Inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 12.5 points Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7,500 13,600 9,300 $ 10,000 10,600 7,500 eBook References $130,000 102,300 41,400 Cost of Direct Material Used is Computed...
8 Use the following information to compute the cost of direct materials used for the current...
8 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) 125 points January 1 December 31 $ 7,500 13,800 9.400 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 11,200 9,800 6,600 eBook References $129,000 101,600 41,100 Cont of Direct Material Used is Computed...
Use the following information to compute the cost of direct materials used for the current year....
Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ $ 6, 300 14, 800 10, 800 8,500 9,600 6, 800 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $135, 500 101,200 41, 100 Cost of Direct Material Used is...
seved Use the following information to compute the cost of direct materials used for the current...
seved Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7.400 13.800 10.700 8.100 11.600 6.800 $138.000 104.400 41. 100 Cost of Direct Material Used is Computed as: Raw materials...
Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct...
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...
choose one to answer Allen Company used $71,000 of direct materials and incurred $37,000 of direct...
choose one to answer
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current period. Indirect abor amounted to $2,700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and...
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased...
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased Direct materials used Direct labor used Total factory overhead Work in process inventory, beginning of year Cost of goods manufactured $133,200 78,400 63,000 105,500 30,000 228,400 $ 105,500 63,000 78,400 Ending Work In Process Inventory is Computed as: Factory overhead used in production Direct labor used in production Direct materials used in production Raw materials purchased Total manufacturing costs Add: Work in process inventory,...
Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials...
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...
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the...
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year. Indirect labor amounted to $2,700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process Inventory began the year with a $5,500 balance and ended the year with...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct materials used for the current year. Assume the Raw Materials Inventory account is used only for direct materials January 1 December 31 Imentories Raw materials inventory $ 6,000 7,500 Work in process inventory 12,000 9,000 Finished goods inventory 8.500 5,500 Actility during current year Materials purchased. $123,500 Direct labor... 94.000 Factory overhead... 39.000 QS 18-13 Trends in managerial accounting C6 1192
5 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials Inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 12.5 points Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7,500 13,600 9,300 $ 10,000 10,600 7,500 eBook References $130,000 102,300 41,400 Cost of Direct Material Used is Computed...
8 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) 125 points January 1 December 31 $ 7,500 13,800 9.400 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 11,200 9,800 6,600 eBook References $129,000 101,600 41,100 Cont of Direct Material Used is Computed...
Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ $ 6, 300 14, 800 10, 800 8,500 9,600 6, 800 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $135, 500 101,200 41, 100 Cost of Direct Material Used is...
seved Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7.400 13.800 10.700 8.100 11.600 6.800 $138.000 104.400 41. 100 Cost of Direct Material Used is Computed as: Raw materials...
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...
choose one to answer
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current period. Indirect abor amounted to $2,700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and...
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased Direct materials used Direct labor used Total factory overhead Work in process inventory, beginning of year Cost of goods manufactured $133,200 78,400 63,000 105,500 30,000 228,400 $ 105,500 63,000 78,400 Ending Work In Process Inventory is Computed as: Factory overhead used in production Direct labor used in production Direct materials used in production Raw materials purchased Total manufacturing costs Add: Work in process 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...
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year. Indirect labor amounted to $2,700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process Inventory began the year with a $5,500 balance and ended the year with...
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