Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased Direct materials used Direct labor used Factory

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased Direct materials used Direct labor used Factory supervisor salary Salesperson commissions Depreciation expense-Factory building Depreciation expense-Delivery equipment Indirect materials $ 34,400 62,750 13,600 11,800 7,600 3,700 3,500 1,400 Total Manufacturing Cost is Computed as: Total manufacturing costs 0 Compute cost of goods sold for 2017 using the following information. Finished goods inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2017 Cost of goods manufactured, 2017 Finished goods inventory, Dec. 31, 2017 $ 376,000 85,000 75,600 927,100 286,000 Cost of Goods Sold is Computed as: 0 Cost of goods sold $ 0 Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information Direct materials Direct labor Factory overhead costs Work in process, Dec. 31, 2016 Work in process, Dec. 31, 2017 $ 210,000 71,500 25,600 161,200 154,750 Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 Use the following information to compute the cost of direct materials used for the current year. (Assume no Indirect materials.) January 1 December 31 Inventories Raw materials inventory $ 6,700, $ 11,000 Work in process inventory 14,800 9,600 Finished goods inventory 8,800 7,300 Activity during current year Materials purchased $130,500 Direct labor 99,200 Factory overhead 42,300 Cost of Direct Material is Computed as: 0 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting IFRS WileyPLUS NextGen Card With Loose Leaf Print Companion Set

Authors: Jerry J. Weygandt ,Paul D. Kimmel ,Donald E. Kieso

4th Edition

1119504708

More Books

Students also viewed these Accounting questions