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Beginning of Inventories End of Period period Raw materials Work in process Finished goods $35,000 9,600 67,000 $36,000 20,200 34,100 Cost incurred for the period
Beginning of Inventories End of Period period Raw materials Work in process Finished goods $35,000 9,600 67,000 $36,000 20,200 34,100 Cost incurred for the period Raw materials purchases $187,000 Factory payroll 250,000 Factory overhead (actual) Indirect materials used 11,000 Indirect labor used Other overhead costs 57,500 105,000 1. In the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the penod 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, Insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3) Solve for cost of goods sold in the period (do not consider any under- or overappled overhead) 5. In the Factory Overhead T-account, Insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underappled or overapplied overhead. Complete this question by entering your answers in the tabs below. Required 134 and 5 Required 2 1. In the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the perio 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the per under- or overappled overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overappled oven Work in Process ventory Leevening wwwwwwwww.mering your answers in the tabs below Required 134 3. and S Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials und Save for direct materials used in the period In the Work in Process Inventory T-account, Insert amounts for beginning and ending balances along with deed materials waed (from part 1), direct labor used Chrom part 21 and applied averhead. Salve for cost a goods manufactured in the period.) In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cast of goods manufactured Cham part 3). Solve for cost of goods sold in the period (or any under- or overapplied overhead). 4. 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Salve for underapplied or averaged overtat How Materiais event Beginning Purchases 35.000 187,000 Teaming Doest mater 175,000 11.000ndrect materia 375 000 Direct matena Overhead appted 075 Endeg 36,000 Ending Endro Ending Begesning Fasher Goods seentory 67,000 Beginning Cost of goods manufactured 2715 11.000 $7,500 529,775 Cest of goods manuicheed Ending Endeg Reed 2 > < 456 Next>> References Complete this question by entering your answers in the tabs below. Required 1 3 4 and 5 Required 21 Compute the cost of direct labor used for the period, The cost of direct labor for the period Total factory payroll Less indirect labor used Cost of direct labor used
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