Question
Cost Flow Relationships The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils: Sales $426,630 Gross
Cost Flow Relationships
The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:
Sales $426,630 Gross profit 248,730 Cost of goods manufactured 213,320 Indirect labor 92,580 Factory depreciation 14,080 Materials purchased 131,400 Total manufacturing costs for the period 245,310 Materials inventory 17,490
Using the above information, determine the following missing amounts:
a. Cost of goods sold: $ b. Finished goods inventory: $ c. Direct materials cost: $ d. Direct labor cost: $ e. Work in process inventory: $
Cost Flow Relationships
The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:
| Sales | $426,630 |
| Gross profit | 248,730 |
| Cost of goods manufactured | 213,320 |
| Indirect labor | 92,580 |
| Factory depreciation | 14,080 |
| Materials purchased | 131,400 |
| Total manufacturing costs for the period | 245,310 |
| Materials inventory | 17,490 |
Using the above information, determine the following missing amounts:
| a. Cost of goods sold: | $ |
| b. Finished goods inventory: | $ |
| c. Direct materials cost: | $ |
| d. Direct labor cost: | $ |
| e. Work in process inventory: | $ |
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Information Systems Control And Audit
Authors: Ron Weber
1st Edition
0139478701, 978-0139478703
