For each of the following unrelated companies, compute the cost of goods manufactured and the cost of
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For each of the following unrelated companies, compute the cost of goods manufactured and the cost of goods sold:
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A B C Selling expenses Factory insurance. Ending finished goods inventory. Non-factory administrative expenses Direct labor.. $ 500 $ 800 $ 600 260 245 140 810 750 515 250 450 350 2,560 2,760 2,120 Beginning materials inventory 520 670 350 Beginning work-in-process inventory 1,120 840 1,070 Indirect materials used.. 390 420 230 Factory utilities.. 240 275 150 Factory depreciation.. 730 760 380 Ending work-in-process inventory 1,360 790 950 Ending materials inventory. 440 710 410 Indirect labor... 425 280 160 Beginning finished goods inventory 850 725 480 Factory repairs and maintenance. 215 230 175 Net delivered cost of materials purchased.. Factory supplies used... 3,140 4,410 2,870 330 310 210
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Related Book For
Managerial Accounting For Undergraduates
ISBN: 9780357499948
2nd Edition
Authors: James Wallace, Scott Hobson, Theodore Christensen
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