Question

Ork: Chapter 2 HW e: 087 of 3 pts E2-26A (similar to) Computer the cost of Good Manufactured and cast of Goods Sold for Clear Bay Con Clear Bay Comes Calcetion of Directors Used Co the cost of goods and Clear Bey Company Calculation of Cost of Good Manufactured 20.000 71.000 $ 27 8.000 he godine Deginning 5 24000 $27000 transplant End of 20.000 $ 21.000 Repairs and m 0 e 4 e $7.000 .com. De plumes DELL WER

Answer 1

Solution- Dealculation of cost of good manufactured", Amount(s). Amount (5) Beginning work in progress inventory $40.000 . Plus: Manufacturing cost incurred Direct Materials used :: $68,000 Direct Labor $8.7,000 Manufacturing overhead $71,600 $226,600 Total Manufacturing costs to account for $266,600 Lessi. Ending work in progress inventory $430,000) cost of goods manufactured. $236,600 | 2) calculation of cost of goods sold- Beginning finished goods inventory $20,000 Plus; cost of goods Manufactured (from above) $236,600 cost of goods available for sale $256,600 Less. Ending finished goods inventory Ś (21000) cost of goods sold $2.35,600

Explanation, D Galculation of olrect Materials used's Beginning raw material inventory Plus: Purchase of direct material Materials available for sale Less Ending raw material inventory Direct Materials used $24,000 $71,000 $95.000 $ 27,000) $68,000 2) Calculation of Manufactured overheads A Indirect Labor. plus, Insurence on plant Depreciation : Repatys & Maintenance ...hanufactured overhead $45.000 $ 91000 $13,400 & 4,200 $71,600 A

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