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Assuming the cost of direct materials used is $ 1550000, compute the total manufacturing costs using the information below. Raw materials inventory, January 1 $
Assuming the cost of direct materials used is $ 1550000, compute the total manufacturing costs using the information below.
| Raw materials inventory, January 1 | $ 30000 |
| Raw materials inventory, December 31 | 60000 |
| Work in process, January 1 | 27000 |
| Work in process, December 31 | 18000 |
| Finished goods, January 1 | 60000 |
| Finished goods, December 31 | 48000 |
| Raw materials purchases | 1580000 |
| Direct labor | 890000 |
| Factory utilities | 225000 |
| Indirect labor | 75000 |
| Factory depreciation | 500000 |
| Operating expenses | 630000 |
$ 3240000.
$ 3249000.
$ 3870000.
$ 2970000.
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
