1.) Determine the missing amounts.

Cost of Cost of Beginning Ending Goods Goods Finished Finished Manufactured Sold Goods Goods Inventory Inventory a) ___(a)__ $120,000 $26,000 $23,000 b) $80,000 ___(b)____ $44,000 $29,000 c) $15,000 $20,500 $17,500 __(c)__

2. Your company uses job order costing and had the following info for April: Direct labor, manufacturing, $10,000 Rent, sales office, $9,000 Production managers salary, $11,000 Sales Commissions, $9,500 Depreciation, office computers, $2,000 Rent, factory building, $3,000 Indirect Direct, manufacturing $13,000 Accident Insurance, factory building, $3,000 Delivery expenses, $2,000 Insurance, sales office $3,5000 Required: List each title and amount that should be included in calculating your products per unit cost assuming that 10,000 units were produced during April Round your answer to two decimals.

3. The following information has been made available to you: Actual manufacturing overhead $55,000 Estimated manufacturing overhead $56,000 Actual direct labor hours 7,200 Estimated direct labor hours 7,500 Required: a) Compute the manufacturing overhead rate b) Compute the manufacturing overhead applied c) State whether the amount posted to the WIP account was over or under-applied for manufacturing overhead and also state the dollar amount. d) Indicate whether cost of goods sold should be increased or decreased in order to adjust the balance to actual costs (based on your answer in part (c).

4. Use the following information to perform the calculations in (a) (c) below: Sales $101,000 Administrative salaries 15,000 Indirect labor 12,000 Direct labor 35,000 Marketing expense 18,000 Materials purchased 25,000 Production machine depreciation 5,500 Materials inventory, Jan 1, 2014 35,000 Materials inventory, Dec 31, 2014 48,000 Finished goods inventory, Jan 1, 2014 19,000 Finished goods inventory, Dec 31, 2014 26,000 Work in process, Jan 1, 2014 18,000 Work in process, Dec 31, 2014 15,000 Required: a) Calculate Total Manufacturing Costs for 2014 b) Calculate Cost of Goods Manufactured for 2014 c) Calculate Cost of Goods Sold for 2014

5. Your company uses a process cost system. Products are processed first by Department A, then by Department B before being transferred to the Finished Goods warehouse. Shown below is the cost information for Department B during the month of April: Cost of units transferred in $100,000 Manufacturing costs added in Department B: Direct Materials $30,000 Direct Labor $5,000 Manufacturing Overhead $15,000 Total costs added in Department B $50,000 Total charged to Department B-Sept: $150,000 During April, $140,000 in finished goods were transferred to the warehouse from Department B. Required: Prepare the following entries: a) The transfer of production from Department A to Department B b) The manufacturing costs incurred by Department B c) The transfer of completed units from Department B to the Finished Goods Warehouse.

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6. Your has the following production data for April: Beginning work in process, 0 units Units transferred out, 20,000 units Units in ending work in process, 5,000, which are 20% complete for conversion costs. Materials are added ONLY at the beginning of the process. Required: Compute the equivalent units of production for both materials and conversion costs.