ABCDE 12A AAEE: 900- A A AA EEEE Normal ACCT 500 - Financial and Managerial Accounting Homework II Q1. Archambeau Products Company manufactures office furniture. Recently, the company decided to develop a formal cost accounting system and classify all costs into three categories Categorize each of the following items as being appropriate for (1) cost tracing to the finished furniture, (2) cost allocation of an indirect manufacturing cost to the finished furniture, or (3) as a nonmanufacturing item. Items Cost Tracing Direct/indirect Cost Allocation Variable / fixed Non-manufacturing Product / period Carpenter wages Depreciations-offices Glue for assembly Factory supervisors Factory depreciation Factory operators wages Factory maintenance Lumber Sample for trade shows Metal brackets for drawers Factory washroom Supplies Advertising Showroom te Print Layout View Soc P age 2 of Words 173 of 416 Q2. Evans Inc., had the following activities during 20X5: Direct materials: Beginning inventory $ 40,000 Purchases 123,200 Ending inventory 20,800 Direct manufacturing labor 32,000 Manufacturing overhead 24,000 Beginning work-in-process inventory1,600 Ending work-in-process inventory8,000 Beginning finished goods inventory48,000 Ending finished goods inventory32,000 Required: a. What is the cost of direct materials used during 20X5? b. What is cost of goods manufactured for 20X5? c. What is cost of goods sold for 20X5? d. What amount of prime costs was added to production during 20X5? e. What amount of conversion costs was added to production during 20X5? 10096