Homework Answers
1a) Total manufacturing cost
| direct material used (250800+1750200-169400) | 1831600 |
| Direct labor | 1004300 |
| Manufacturing overhead | 2693400 |
| Total manufacturing cost | 5529300 |
1b) Total cost of work in process = 101000+5529300 = 5630300
1c) Cost of goods manufactured = 5630300-57900 = 5572400
1d) Cost of goods sold = 307400+5572400-511000 = 5368800
1e) Prime cost = 1831600+1004300 = 2835900
1f) Conversion cost = 1004300+2693400 = 3697700
2) Total manufacturing cost
| Depreciation on factory equipment | 1000 |
| Wages of production workers | 28000 |
| Raw material used | 47000 |
| Factory rent | 2000 |
| Factory insurance | 500 |
| Material handling | 1500 |
| Total manufacturing cost | 80000 |
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