Last night, the sprinkler system at Plant A was accidentally set off. The ensuing deluge destroyed most of records in Plant A for the month just completed (May). The plant manager has come to you in a panic-he has to complete his report for head office by the end of today. He wants you to give him the numbers he needs for his report. He can provide you with some fragments of information he has been able to salvage:

Other information:
1. Total direct materials requisitions for the month were $180,000.
2. A total of 10,000 direct labour hours were worked during the month at an average wage of $15/hour.
3. Manufacturing overheads of $100,000 were incurred during the period.
4. On May 31, the ending inventory of work in process is $4,500.
Instructions
Calculate the following:
(a) The material purchased during May
(b) The amount paid to the labour force in May
(c) The cost of goods transferred from work in process inventory to finished goods inventory in May
(d) The cost of finished goods inventory at the beginning of May

Transcribed Image Text:

Raw materials: $ 25,000 55,000 15,000 400,000 50,000 Beginning Ending Work in process: Finished goods sold in May Beginning Ending Beginning Manufacturing overhead: Accrued wages payable:Beginning 10,000 20,000 Ending