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Billy Bob s Manufacturing had the following data for the fiscal year ended December 3 1 . Direct Materials Inventory, January 1
Billy Bobs Manufacturing had the following data for the fiscal year ended December
Direct Materials Inventory, January $
Direct materials purchases
Direct materials used
Fixed factory overhead
Total factory overhead
Total manufacturing costs to account for
WorkinProcess Inventory, January
WorkinProcess Inventory, December
Finished Goods Inventory, January
Goods available for sale
Cost of goods sold
Required:
Calculate the following costs:
Direct Materials Inventory on December
Direct labor costs for the year.
Variable factory overhead costs for the year.
Cost of goods manufactured for the year.
Finished Goods Inventory on December
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