Hofstra Plastics lnc.'s selected data for the month of August 2019 are presented below (in millions): Work-in-process

Question:

Hofstra Plastics lnc.'s selected data for the month of August 2019 are presented below (in millions):


Work-in-process inventory, August 1, 2019

S 200

Direct materials inventory, August 1, 2019

90

Direct materials purchased

360

Direct materials used

375

Variable manufacturing overhead

250

Total manufacturing overhead

480

Total manufacturing costs incurred during August 2019

1,600

Cost of goods manufactured

1,650

Cost of goods sold

1.700

Finished goods inventory, August 1, 2019

200


Required
Calculate the following costs:
1. Direct materials inventory on August 31, 2019.
2. Fixed manufacturing overhead costs for August.
3. Direct manufacturing labour costs for August.
4. Work-in-process inventory on August 31, 2019.
5. Cost of goods available for sale in August.
6. Finished goods inventory on August 31, 2019.

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Related Book For  book-img-for-question

Horngrens Cost Accounting A Managerial Emphasis

ISBN: 978-0134453736

8th Canadian Edition

Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien

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