Total manufacturing costs = Direct materials used + Direct Labor + Manufacturing Overhead applied
Direct materials used = Beginning materials + materials purchases - Indirect materials - Ending materials
= 34,000+69,500-9,400-33,500
= 60,600
Direct labor = 94,500
Manufacturing overhead applied = 61,500
Total manufacturing costs = 60,600+94,500+61,500 =
216,600
Cost of Goods manufactured = Beginning work in process + Total manufacturing costs - Ending work in process
= 19,500 + 216,600 - 24,000
= 212, 100
what is the correct process to find the coreect answer for this practice problem. i do...
Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $ 32,000 $32,500 $ 18,500 $22,000 $ 34,500 $49,500 Additional information: $68,500 $ 93,500 $61,500 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $ 9,000 $60,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The...
TB MC Qu. 3-208 Chavez Corporation reported the ... Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $ 37,000 $35,000 $ 21,000 $27,000 $ 37,000 $52,000 Additional information: $ 71,000 $ 96,000 $64,000 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $10,000 $63,000 Any underapplied or overapplied manufacturing overhead...
cost of goods manufactured in july is ______?
Chavez Corporation reported the following data for the month of July. Inventories: Raw materials Work in process Finished goods Beginning Ending $ 43,000 $38,000 $ 24,000 $33,000 $ 40,000 $55,000 Additional information: $74,000 $99,000 $67,000 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $11,200 $66,000 Any underapplied or overapplied manufacturing overhead is closed out...
Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $ 44,000 $38,500 $ 24,500 $ 34,000 $ 40,500 $ 55,500 Additional information: $ 74,500 $ 99,500 $67,500 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $ 11,400 $ 66,500 Any underapplied or overapplied manufacturing overhead is closed out to cost...
Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 28,000 $ 30,500 Work in process $ 16,500 $ 18,000 Finished goods $ 32,500 $ 47,500 Additional information: Raw materials purchases $ 66,500 Direct labor cost $ 91,500 Manufacturing overhead cost incurred $ 59,500 Indirect materials included in manufacturing overhead cost incurred $ 8,200 Manufacturing overhead cost applied to Work in Process $ 58,500 Any underapplied or overapplied manufacturing overhead is closed out...
Chavez Corporation reported the following data for the month of July Inventories: Raw materials Work in process Finished goods Beginning Ending $ 27,000 $ 30,000 $ 16,800 $ 17,000 $ 32,000 $ 47,000 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $ 66,000 $ 91,000 $ 59,000 $ 8,000 $ 58,000 Any underapplied or overapplied manufacturing overhead is closed out...
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...
Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 41,000 $ 37,000 Work in process $ 23,000 $ 31,000 Finished goods $ 39,000 $ 54,000 Additional information: Raw materials purchases $ 73,000 Direct labor cost $ 98,000 Manufacturing overhead cost incurred $ 66,000 Indirect materials included in manufacturing overhead cost incurred $ 10,800 Manufacturing overhead cost applied to Work in Process $ 65,000 Any underapplied or overapplied manufacturing overhead is closed out...
managerial accounting. i cant figure out the correct steps to find
this practice problem correct answer.
Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $11.000 at the beginning of the month and $26,500 at the end of the month. During the month, the Corporation incurred direct materials cost of $58,800 and direct labor cost of $33.700. The actual manufacturing overhead cost incurred was...
This is a homework problem that i don't understand how to
do.
I got stuck specifically on part three of the first Table
Case Inc is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer proferencs. On June 1,2020, the general ledger for Case Int. contains the folowing data Raw Materials Inventory 3900 Manufacturing Overhead Applied 30,700 Work in Process Inventory $5.675 Manufacturing Overhead Incurred $ 32.000 Subsidiary data...