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Beginning Materials Inventory $0 Add: Material Purchases 100,000 Materials Available for Use 100,000 Less: Ending Materials Inventory 0 Materials Used in Production $100,000 Direct Labor
Beginning Materials Inventory $0 Add: Material Purchases 100,000 Materials Available for Use 100,000 Less: Ending Materials Inventory 0 Materials Used in Production $100,000 Direct Labor $90,000 Manufacturing Overhead Indirect Materials $30,000 Indirect Labor 70,000 Factory Utilities 10,000 Factory Rent 60,000 Total Overhead Costs $170,000
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
