Question
18. The following cost information was obtained from Tomorrow, Inc. from the month of October, 2020: Advertising costs $4,500 Direct materials used $41,850 Direct labor
18.
The following cost information was obtained from Tomorrow, Inc. from the month of October, 2020:
Advertising costs | $4,500 |
Direct materials used | $41,850 |
Direct labor used | $19,155 |
Delivery costs | $1,450 |
Depreciationfactory equipment | $5,600 |
Depreciationoffice equipment | $2,950 |
Factory managers salary | $4,650 |
Indirect materials used | $7,910 |
Main office salaries | $13,600 |
Raw Material Purchases | $45,920 |
Sales commissions | $3,750 |
Utilities - Factory | $3,025 |
Utilities Main Office | $1,125 |
Total manufacturing costs for the firm for October, 2020 were:
14.
The following information is given from The Gathering Sound, Inc. for the month of August, 2020:
Beginning raw materials inventory | $21,600 |
Ending raw materials inventory | $18,600 |
Beginning work in process inventory | $35,000 |
Ending work in process inventory | $37,450 |
Beginning finished goods inventory | $29,340 |
Ending finished goods inventory | $28,995 |
Raw material purchases | $88,210 |
Direct materials used | $89,300 |
Direct labor used | $51,730 |
Total factory overhead applied | $62,076 |
Calculate the Cost of Goods Sold.
Total manufacturing costs for the firm for October, 2020 were:
18.
The following cost information was obtained from Tomorrow, Inc. from the month of October, 2020:
Advertising costs | $4,500 |
Direct materials used | $41,850 |
Direct labor used | $19,155 |
Delivery costs | $1,450 |
Depreciationfactory equipment | $5,600 |
Depreciationoffice equipment | $2,950 |
Factory managers salary | $4,650 |
Indirect materials used | $7,910 |
Main office salaries | $13,600 |
Raw Material Purchases | $45,920 |
Sales commissions | $3,750 |
Utilities - Factory | $3,025 |
Utilities Main Office | $1,125 |
Total manufacturing costs for the firm for October, 2020 were:
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