Answered step by step
Verified Expert Solution
Question
1 Approved Answer
also calculate finished goods inventory 7/31/2020 , please answer all 5 parts Royal's Heaters selected data for July 2020 are presented here Direct materials inventory
also calculate finished goods inventory 7/31/2020 , please answer all 5 parts
Royal's Heaters selected data for July 2020 are presented here Direct materials inventory 7/1/2020 Direct materials purchased Direct materials used $ 315.000 1.095,000 1.155,000 Total manufacturing overhead costs Variable manufacturing overhead costs Total manufacturing costs incurred during July 2020 Work-in-process inventory 7/1/2020 Cost of goods manufactured Finished-goods inventory 7/1/2020 Cost of goods sold Required: Calculate the following costs: 1. Direct materials inventory 7/31/2020 1,350,000 795,000 4,830,000 690,000 4.980,000 390,000 5,310,000 2. Fixed manufacturing overhead costs for July 2020. Points 3. Direct manufacturing labor costs for July 2020. 4. Work-in-process inventory 7/31/2020Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started