Can someone please explain to me how they found the numbers for this LIFO part. Thank you.
Pet Transport Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of Pet Transport uses an activity-based costing system and classifies overhead into three activity pools: plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the month of Setup, Processing, and Inspection. Activity rates for these activities are $100 per setup-hour, $5 per April is given in the following tables: machine-hour, and $16 per inspection-hour, respectively. Other information follows: (Click the icon to view the information for the two products.) (Click the icon to view the other information.) Pet Transport accounts for direct materials using a FIFO cost-flow assumption. Read the requirements. Click the icon to view the account information.) 1,000 200 Dog-errific Ibs. lbs. 2.560 460 lbs. lbs. Total quantity of direct material to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic $ 888 Metal $ 186 To be purchased this period Plastic 9,280 Metal 1,200 $ 10,168 $ 1,386 $ 11,554 $ 11,554 Direct materials to be used this period Question Help Product Information de of Pet Transport uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $100 per setup-hour, $5 per machine-hour, and $16 per inspection-hour, respectively. Other information follows: Input Prices Direct materials Account Information Plastic $ 4 per pound Metal $ 3 per pound Sales and Inventory Information, Finished Goods Direct manufacturing labor $ 10 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic 500 215 Expected sales in units Cat-allac Dog-eriffic Direct materials Plastic 3 pounds 5 pounds 1 pound Selling price $ 215 $ 320 Target ending inventory in units 35 15 Beginning inventory in units 15 30 Beginning inventory in dollars $ 1,500 $ 5,580 Pet Transport uses a FIFO cost-flow assumption for finished-goods inventory. Metal 0.5 pounds 3 hours 5 hours Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 10 MH 17 MH Inventory Information, Direct Materials Print Done Plastic Metal Beginning inventory 240 pounds 60 pounds Print Done Pet Transport Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of Pet Transport uses an activity-based costing system and classifies overhead into three activity pools: plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the month of Setup, Processing, and Inspection. Activity rates for these activities are $100 per setup-hour, $5 per April is given in the following tables: machine-hour, and $16 per inspection-hour, respectively. Other information follows: (Click the icon to view the information for the two products.) (Click the icon to view the other information.) Pet Transport accounts for direct materials using a FIFO cost-flow assumption. Read the requirements. Click the icon to view the account information.) 1,000 200 Dog-errific Ibs. lbs. 2.560 460 lbs. lbs. Total quantity of direct material to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Plastic $ 888 Metal $ 186 To be purchased this period Plastic 9,280 Metal 1,200 $ 10,168 $ 1,386 $ 11,554 $ 11,554 Direct materials to be used this period Question Help Product Information de of Pet Transport uses an activity-based costing system and classifies overhead into three activity pools: Setup, Processing, and Inspection. Activity rates for these activities are $100 per setup-hour, $5 per machine-hour, and $16 per inspection-hour, respectively. Other information follows: Input Prices Direct materials Account Information Plastic $ 4 per pound Metal $ 3 per pound Sales and Inventory Information, Finished Goods Direct manufacturing labor $ 10 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic 500 215 Expected sales in units Cat-allac Dog-eriffic Direct materials Plastic 3 pounds 5 pounds 1 pound Selling price $ 215 $ 320 Target ending inventory in units 35 15 Beginning inventory in units 15 30 Beginning inventory in dollars $ 1,500 $ 5,580 Pet Transport uses a FIFO cost-flow assumption for finished-goods inventory. Metal 0.5 pounds 3 hours 5 hours Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 10 MH 17 MH Inventory Information, Direct Materials Print Done Plastic Metal Beginning inventory 240 pounds 60 pounds Print Done
