Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Oriole Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187600 Beginning balance, Work in Process Inventory

image text in transcribed

Current Attempt in Progress Oriole Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187600 Beginning balance, Work in Process Inventory 305000 Beginning balance, Finished Goods Inventory 106900 Manufacturing overhead applied 522450 Purchases of raw materials 337900 Factory electricity 62000 Direct labor payroll 196000 Depreciation on factory equipment 218800 Insurance on factory building 50500 Indirect materials used in production 43150 Total raw materials used in production 406100 Indirect labor payroll 148000 Cost of goods manufactured 1246000 Cost of Goods Sold 1312000 What was the total manufacturing cost for Oriole for December? $1124550 $1058400 $1081400 $1246000

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

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby

4th edition

978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372

More Books

Students also viewed these Accounting questions

Question

What length of a 7.7-mW laser's beam will contain 9.5 mJ of energy?

Answered: 1 week ago

Question

List one of the facultys publications in APA style.

Answered: 1 week ago

Question

Identify and differentiate among the various types of adjusters

Answered: 1 week ago