12[%3Bvnd.vst.idref%3DP7001014225000000000000000001070]!/4/2[P7001014225000000000000000... Cite This For Me: H... Copyop - Social Tra.... S My Advertising Pays >> Other bookmark Q a A distraught employee, Guy Arson, put a torch to a manufacturing plant on February 26. The resulting blaze completely destroyed the plant and its contents. Fortunately, some accountitg records were kept in another building. They revealed the following for the period from January 1 to February 26: Direct materials (DM) purchased in $192,000 January Work in process, January 1 40,800 Direct materials (DM), January 1 19,200 Finished goods. January 1 36.000 43 12[%3Bvnd.vst.idref%3DP7001014225000000000000000001070]!/4/2[P7001014225000000000000000... Cite This For Me: H... Copyop - Social Tra.... S My Advertising Pays >> Other bookmark Q a A distraught employee, Guy Arson, put a torch to a manufacturing plant on February 26. The resulting blaze completely destroyed the plant and its contents. Fortunately, some accountitg records were kept in another building. They revealed the following for the period from January 1 to February 26: Direct materials (DM) purchased in $192,000 January Work in process, January 1 40,800 Direct materials (DM), January 1 19,200 Finished goods. January 1 36.000 43 Finished goods, January 1 36,000 -adhav V Raja Indirect manufacturing costs 40% of of conversion costs Revenues S 600,000 39 eriod Costs for . Direct manufacturing labour (DML) 216.000 costs 352,800 Prime costs 20% Time Gross margin percentage based on sales mo Ft S 540.000 Cost of goods available for sale Peleu tot el Cost of goods available for sale $ 540,000 10 Required 40 40 1. Calculate the cost of finished goods inventory, February 26. 2. Calculate the cost of work-in-process inventory, February 26. 3. Calculate the cost of direct materials inventory, February 26. 13 12[%3Bvnd.vst.idref%3DP7001014225000000000000000001070]!/4/2[P7001014225000000000000000... Cite This For Me: H... Copyop - Social Tra.... S My Advertising Pays >> Other bookmark Q a A distraught employee, Guy Arson, put a torch to a manufacturing plant on February 26. The resulting blaze completely destroyed the plant and its contents. Fortunately, some accountitg records were kept in another building. They revealed the following for the period from January 1 to February 26: Direct materials (DM) purchased in $192,000 January Work in process, January 1 40,800 Direct materials (DM), January 1 19,200 Finished goods. January 1 36.000 43 12[%3Bvnd.vst.idref%3DP7001014225000000000000000001070]!/4/2[P7001014225000000000000000... Cite This For Me: H... Copyop - Social Tra.... S My Advertising Pays >> Other bookmark Q a A distraught employee, Guy Arson, put a torch to a manufacturing plant on February 26. The resulting blaze completely destroyed the plant and its contents. Fortunately, some accountitg records were kept in another building. They revealed the following for the period from January 1 to February 26: Direct materials (DM) purchased in $192,000 January Work in process, January 1 40,800 Direct materials (DM), January 1 19,200 Finished goods. January 1 36.000 43 Finished goods, January 1 36,000 -adhav V Raja Indirect manufacturing costs 40% of of conversion costs Revenues S 600,000 39 eriod Costs for . Direct manufacturing labour (DML) 216.000 costs 352,800 Prime costs 20% Time Gross margin percentage based on sales mo Ft S 540.000 Cost of goods available for sale Peleu tot el Cost of goods available for sale $ 540,000 10 Required 40 40 1. Calculate the cost of finished goods inventory, February 26. 2. Calculate the cost of work-in-process inventory, February 26. 3. Calculate the cost of direct materials inventory, February 26. 13