Question
Bosk Manufacturer makes sound system components. Their accountant has been able to collect the following information about operations for the month of April, 2020 Beginning
Bosk Manufacturer makes sound system components. Their accountant has been able to collect the following information about operations for the month of April, 2020
Beginning materials- $105,000
Beginning WIP- $52,000
Depreciation- $4,500
Ending Materials- $85,000
Ending WIP- $35,000
Factory Utilities- $8,000
Indirect materials- $66,000
Line Worker Wages- $43,000
Material Purchases- $190,000
Supervisor wages- $6,800
Required to answer:
1) How much direct material was used in production during April?
2) What is the total manufacturing cost for the month?
3) What is the cost of goods manufactured?
4) Assume finished goods beginning inventory was $50,000 and the ending inventory is $45,000. Compute the cost of goods sold.
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