Question
Compucraft Company manufactures printers for use with home computing. Selected data for the month of January, 2020 are presented as follows: Direct labor $ 82,300
Compucraft Company manufactures printers for use with home computing. Selected data for the month of January, 2020 are presented as follows:
Direct labor $ 82,300 Direct Materials Purchased $ 27,000 Sales $ 370,500 Beginning Finished Goods Inventory $ 31,500 Ending Finished Goods Inventory $ 39,500 Sales Manager Salaries $ 45,000 Sales Commissions $ 25,000 Nuts and Bolts used in Assembly $ 6,500 Plant Rent $ 15,000 Supervisory Salaries $ 42,500 Plant Utilities $ 12,500 Depreciation Plant and Equipment $ 12,000 Beginning Work-In-Process Inventory $ 15,500 Ending Work-in-Process Inventory $ 11,500 Office Manager Salaries $ 40,000 Office Supplies and Stationary $ 3,900 Beginning Direct Materials Inventory $ 11,500 Ending Direct Materials Inventory $ 17,500
Answer all the questions which follow using the above information.
Calculate the Direct Materials Used.
Calculate the prime cost.
Calculate the manufacturing overhead.
Calculate the conversion cost.
Calculate the Cost of Goods Manufactured.
Calculate the Cost of Goods Sold.
Calculate the Operating Income.
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