ZuoTi.Pro
Question

Selected information regarding a companys most recent quarter follows (all data in thousands) Ending work in process inventory Cost of goods manufactured Direct labor Direct materials used Beginning work in process inventory S650 S830 S430 $170 $400 What was manufacturing overhead for the quarter? OA $580 OB. S230 Ос. s480 O D. S600

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Cost of goods manufactured=Total manufacturing cost+Beginning WIP-Ending WIP

Total manufacturing cost=(830+650-400)=$1080

Total manufacturing cost=Direct material used+Direct labor+Manufacturing overhead

Manufacturing overhead=(1080-170-430)

=$480

0 0
Add a comment
Know the answer?
Add Answer to:
Selected information regarding a company's most recent quarter follows (all data in thousands) Ending work in...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Selected information regarding a company's most recent quarter is shown below: Ending work in process $680,000...

    Selected information regarding a company's most recent quarter is shown below: Ending work in process $680,000 inventory Cost of goods $820,000 manufactured Direct Labor $430,000 Direct materials used $240,000 Beginning work in $350,000 process inventory What is manufacturing overhead for the quarter?

  • Selected information regarding a​ company's most recent quarter follows​ (all data in​ thousands). Cost of goods...

    Selected information regarding a​ company's most recent quarter follows​ (all data in​ thousands). Cost of goods manufactured ​ $1,590 Gross profit ​ $2,630 Operating expenses ​ $4,050 Ending finished goods inventory ​ $480 Sales revenue ​ $6,080 What was the beginning finished goods​ inventory?

  • The following is selected financial data from Turtle Bay Manufacturing for the most recent year. Ending...

    The following is selected financial data from Turtle Bay Manufacturing for the most recent year. Ending raw materials inventory $21,400 Ending work in process inventory $44,600 Ending finished goods inventory $53,800 Amount of underallocated manufacturing overhead $5200 Cost of goods sold for year $85,000 Cost of raw materials purchased during year $45,500 Cost of direct materials requisitioned during year $44,000 Cost of indirect materials requisitioned during year $8000 Cost of goods completed during year $121,000 Manufacturing overhead allocated $60,600 Manufacturing...

  • Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted). Sales revenue...

    Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted). Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $5,000 S450 $540 S630 $690 $200 S190 $400 $430 $290 $270 What was cost of goods sold? OA. OB. OC. OD. $1,650 $890 $1,620 $1,580

  • Here are selected data for Whatchamacallit Company: Cost of goods manufactured $320,800 Work in process inventory,...

    Here are selected data for Whatchamacallit Company: Cost of goods manufactured $320,800 Work in process inventory, beginning $109,600 Work in process inventory, ending $104,600 Direct materials used $73,800 Manufacturing overhead is allocated at 50% of direct labor cost. What was the amount of direct labor costs? (Round your answer to the nearest cent.) O A. $161,333.33 OB. $154,466.67 OC. $106,533.33 OD. $242,000.00 Clintocolant An

  • 12. The following is selected financial data from Ryan Manufacturing for the most recent year. 19.000...

    12. The following is selected financial data from Ryan Manufacturing for the most recent year. 19.000 42.000 54.100 Ending raw materials inventory Ending work in process inventory Ending finished goods inventory Amount of underallocated (underapplied) manufacturing overhead Cost of goods sold for year Cost of raw materials purchased during year Cost of direct materials requisitioned during year Cost of indirect materials requisitioned during year Cost of goods completed during year Manufacturing overhead allocated Manufacturing overhead % of direct labor cost...

  • Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted). Sales revenue...

    Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted). Sales revenue $ 4,000 Purchases of direct materials $ 400 Direct labor $ 450 Manufacturing overhead $ 620 Operating expenses $ 650 Beginning raw materials inventory $ 200 Ending raw materials inventory $ 180 Beginning work in process inventory $ 320 Ending work in process inventory $ 410 Beginning finished goods inventory $ 250 Ending finished goods inventory $ 200 What was cost of goods manufactured?

  • 1 Compute ending work in process inventory for a manufacturer with the following information. 12.5 points...

    1 Compute ending work in process inventory for a manufacturer with the following information. 12.5 points Raw materials purchased Direct materials used Direct labor used Total factory overhead Work in process inventory, beginning of year Cost of goods manufactured $139,800 82,600 58,000 109,000 28,800 228,400 eBook References Ending Work in Process Inventory is Computed as: Total manufacturing costs Total cost of work in process Work in process inventory, end of year Compute ending work in process inventory for a manufacturer...

  • Question #5 The following data (in thousands of dollars) have been taken from the accounting records...

    Question #5 The following data (in thousands of dollars) have been taken from the accounting records of Curry Corporation for the most recent year. $240 320 80 Finished goods inventory, beginning Finished goods inventory, ending Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending Administrative expenses Direct labor Manufacturing overhead Purchases of raw materials Sales Selling expenses 140 140 100 300 400 460 240 1,980 The cost of the raw materials...

  • 20 Acromould Fabrication manufactures a variety of products in its factory. Data for the most recent...

    20 Acromould Fabrication manufactures a variety of products in its factory. Data for the most recent month's operations appear below: Beginning raw materials inventory Purchases of raw materials $ 75,000 582,000 01:07:46 92,400 276,000 483,000 Ending raw materials inventory Direct labour Manufacturing overhead Beginning work in process inventory Ending work in process inventory 237,000 276,600 Required: Prepare a schedule of cost of goods manufactured for the company for the month. ACROMOULD FABRICATION Schedule of Cost of Goods Manufactured For the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT