Brane Company uses normal costing in its job-costing system. The company produces custom bikes for toddlers. The beginning balances (December 1) and ending balances (as of December 30) in their inventory accounts are as follows: (Click the icon to view the data.) (Click the icon to view the additional information.) Read the requirements. For direct labor and manufacturing overhead in the Work-in-Process account, enter the amounts for 12/30 and 12/31 separately to get the correct ending balance for each date. (Abbreviation used: MOH = Manufacturing overhead; Materials req. = Materials requisitioned; COGM = Cost of goods manufactured; COGS = Cost of goods sold.) Materials Control Work-in-Process Control 12/1 Bal. 2,200 12/1 Bal. 6,800 12/31 Bal. 12/31 Bal. 12/30 Bal. 12/30 Bal. Finished Goods Control 12/1 Bal. 4,500 12/31 Bal. 12/31 Bal. 12/31 Bal. 12/31 Bal. Beginning Balance 12/1 $ 2,200 6,800 Ending Balance 12/30 $ 8,600 9,100 Materials Control Work-in-Process Control Manufacturing Department Overhead Control Finished Goods Control 0 94,500 4,500 19,500 a. c. Additional information: Direct materials purchased during December were $66,400. b. Cost of goods manufactured for December was $235,000. No direct materials were returned to suppliers. d. No units were started or completed on December 31 and no direct materials were requisitioned on December 31. The manufacturing labor costs for the December 31 working day: direct manufacturing labor, $4,350, and indirect manufacturing labor, $1,450. f. Manufacturing overhead has been allocated at 140% of direct manufacturing labor costs through December 31. e. f Brane Company uses normal costing in its job-costing system. The company produces custom bikes for toddlers. The beginning balances (December 1) and ending balances (as of December 30) in their inventory accounts are as follows: (Click the icon to view the data.) (Click the icon to view the additional information.) Read the requirements. For direct labor and manufacturing overhead in the Work-in-Process account, enter the amounts for 12/30 and 12/31 separately to get the correct ending balance for each date. (Abbreviation used: MOH = Manufacturing overhead; Materials req. = Materials requisitioned; COGM = Cost of goods manufactured; COGS = Cost of goods sold.) Materials Control Work-in-Process Control 12/1 Bal. 2,200 12/1 Bal. 6,800 12/31 Bal. 12/31 Bal. 12/30 Bal. 12/30 Bal. Finished Goods Control 12/1 Bal. 4,500 12/31 Bal. 12/31 Bal. 12/31 Bal. 12/31 Bal. Beginning Balance 12/1 $ 2,200 6,800 Ending Balance 12/30 $ 8,600 9,100 Materials Control Work-in-Process Control Manufacturing Department Overhead Control Finished Goods Control 0 94,500 4,500 19,500 a. c. Additional information: Direct materials purchased during December were $66,400. b. Cost of goods manufactured for December was $235,000. No direct materials were returned to suppliers. d. No units were started or completed on December 31 and no direct materials were requisitioned on December 31. The manufacturing labor costs for the December 31 working day: direct manufacturing labor, $4,350, and indirect manufacturing labor, $1,450. f. Manufacturing overhead has been allocated at 140% of direct manufacturing labor costs through December 31. e. f
