Flow of inventoriable costs. Hofstra Plastics Inc.s selected data for the month of August 2013 are presented

Question:

Flow of inventoriable costs. Hofstra Plastics Inc.’s selected data for the month of August 2013 are presented below (in millions):

Work-in-process inventory, August 1, 2013..........$ 200

Direct materials inventory, August 1, 2013.......... 90

Direct materials purchased................. 360

Direct materials used.................... 375

Variable manufacturing overhead............. 250

Total manufacturing overhead.............. 480

Total manufacturing costs incurred during August 2013....1,600

Cost of goods manufactured................1,650

Cost of goods sold....................1,700

Finished goods inventory, August 1, 2013........... 125

REQUIRED

Calculate the following costs:

1. Direct materials inventory on August 31, 2013.

2. Fixed manufacturing overhead costs for August.

3. Direct manufacturing labour costs for August.

4. Work-in-process inventory on August 31, 2013.

5. Cost of goods available for sale in August.

6. Finished goods inventory on August 31, 2013.

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Related Book For  book-img-for-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0133392883

6th Canadian edition

Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ

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