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Posted on Jul 11, 2024

Comfort First Shoe Company makes loafers. During the most recent year, Comfort First incurred total manufacturing costs of $17,500,000 of this amount, $2.500,000 was direct

Comfort First Shoe Company makes loafers. During the most recent year, Comfort First incurred total manufacturing costs of $17,500,000 of this amount, $2.500,000 was direct materials used and 510,800,000 was direct labor Beginning balances for the year were Direct Materials. 5700,000: Work in Process inventory $1,200,000, and Finished Goods Inventory, 5500,000. At the end of the year, balances were Direct Materials, $500,000, Work in Process Inventory, $1,500,000, and Finished Goods Inventory, $1,020,000 Read the requirements Requirement 1. Analyze the inventory accounts to determine the cost of direct materiala puchowed during the year Direct Materials Direct Materials Used Beginning Direct Materials Ending Direct Materials Purchase Requirement 2. Analyze the inventory accounts to determine the cost of goods manufactured for the year. Emer any number in the edit fields and then continue to the next question Comfort First Shoe Company makes loafers. During the most recent year, Comfort First incurred total manufacturing costs of $17.500.000 of this amount2.500,000 was die $10,800,000 was direct labor. Beginning balances for the year were Direct Materials, S700,000; Work in Process Inventory, 51,200,000, and Finished Goods Inventory, 5500.000 year, balances were Direct Materials, $500,000; Work in Process Inventory, $1,500,000, and Finished Goods inventory, $1,020,000 Read the requirements Requirement 2. Analyze the inventory accounts to determine the cost of goods manufactured for the year Work-in-Process Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Enter any number in the edit fields and then continue to the next question Reflectin e Portfolio Activity Details Task: View this topic O RI E Type here to search DI IS WURDI DOBible Comfort First Shoe Company makes loafers. During the most recent year, Comfort First incurred total manufacturing costs of $17.500,000. Of this amount $2,500,000 was direct materials used and $10.800.000 was direct labor Beginning balances for the year were Direct Materials, $700,000. Work-in-Process inventory, 51,200,000, and Finished Goods Inventory, $500,000. At the end of the year, balances were Direct Materials, $500,000: Work-in-Process Inventory, $1,500,000 and Finished Goods Inventory, 51,020,000, Read the requirements Ending Work-n-Process Inventory Cost of Goods Manufactured Requirement 3. Analyze the inventory accounts to determine the cost of goods sold for the year Finished Goods Beginning Finished Goods inventory Cost of Good Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Enter any number in the edit fields and then continue to the next question ? Reflectin e Portfolio Activity Details Task: View this topic de of Type here to search O 11200 RI W Ine Cost of Goods Available for Sale Ending Finished Goods Inventory Cost of Goods Sold Enter any number in the edit fields and then continue to the next question. Reflect in ePortfolio Activ . Task: View this topic Type here to search o