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attached, is my assignment that I need help on. Accounting The following are data regarding last year's production of Dicer Ricer, one of the major
attached, is my assignment that I need help on. Accounting
The following are data regarding last year's production of Dicer Ricer, one of the major products of Kitchen Gadget Company: Purchases of direct materials Direct materials used Direct labor payrolls (paid during the year) Direct labor costs assigned to production Manufacturing overhead $ 332,00 0 333,60 0 176,70 0 180,00 0 288,00 0 During the year, 61,000 units of this product were manufactured and 62,100 units were sold. Selected information concerning inventories during the year follows: Materials Work in Process Finished Goods, Jan. 1 (3,000 units @ $13) End of Year $ ? 4,700 ? Beginning of Year $ 12,800 3,000 39,000 Compute the average cost of a Dicer Ricer per finished unit for last year. (Round your answer 4 decimal places.) __________ c. Compute the cost of goods sold associated with the sale of Dicer Ricer. Assume that there is a first-in, first-out (FIFO) flow through the Finished Goods Inventory account and that all units completed during the year are assigned the per-unit costs determined in part b. (Do not round intermediate calculations and round your final answer to the whole dollar.) ________________ d. Compute the amount of inventory relating to Dicer Ricer that will be listed in the company's balance sheet at December 31. (Do not round intermediate calculations and round your final answer to the whole dollar.) Material Inventory = ? Work in Process Inventroy? Finished Good Inventory? Total inventoryStep by Step Solution
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