Management of Thede Corporation has asked your help as an intern in preparing some key reports for
Question:
Management of Thede Corporation has asked your help as an intern in preparing some key reports for July. The beginning balance in the raw materials inventory account was $28,600. During the month, the company made raw materials purchases amounting to $56,500. At the end of the month, the balance in the raw materials inventory account was $36,800. Direct labor cost was $46,000 and manufacturing overhead cost was $60,000. The beginning balance in the work in process account was $22,300 and the ending balance was $22,700. The beginning balance in the finished goods account was $42,900 and the ending balance was $55,700. Sales totaled $231,000. Selling expense was $12,300 and administrative expense was $32,500.
The total manufacturing cost for July was_______
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Step by Step Answer:
Cost Management Measuring Monitoring And Motivating Performance
ISBN: 392
2nd Edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott