Answered step by step
Verified Expert Solution
Question
1 Approved Answer
check is part A is correct and answer part B Note: Assume all raw materials were used as direct materials. Beginning of Year End of
check is part A is correct and answer part B
Note: Assume all raw materials were used as direct materials. Beginning of Year End of Year Inventories Raw materials inventory Work in process inventory Finished goods inventory $ 7,200 14,400 10,900 $ 9,900 10,200 6,700 Activity during current year Raw materials purchased $ 125,900 Direct labor 95,200 Factory overhead 42,600 Factory overhead of $42,600 consists of Indirect labor of $21,200, Depreciation expense-Factory of $16,200, and Factory utilities of $5,200. a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required A Required B Compute total manufacturing costs. Direct materials used Direct labor Factory overhead 123,200 95,200 42,600 Total manufacturing costs $ 261,000 Factory overhead of $42,600 consists of Indirect labor of $21,200, Depreciation expense-Factory of $16,200, and Factory utilities of $5,200. a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials Raw materials available for use $ 0 Factory overhead Total factory overhead Cost of goods manufactured Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started