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help with A-H JE 195 A B D Exercise 6 Jolo Co. had the following balances and information for October. Beg. finished goods inventory =

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help with A-H

JE 195 A B D Exercise 6 Jolo Co. had the following balances and information for October. Beg. finished goods inventory = $6 Beg. work in process inventory = $1 Beg, raw materials inventory = $3 End, finished goods inventory = $3 End, work in process inventory = $2 End. raw materials inventory = $5 Raw material purchases = $20 Factory wages paid = $30 Indirect materials = $2 Indirect labor = $7 Other overhead costs = $18 Sales = $110 Predetermined overhead rate = 200% direct materials B 4 5 6 0 2 X 4 26 x x a) Cost of raw materials used equals: b) Cost of direct materials equals (RM - Ind Materials): c) Cost of direct labor equals (Factory wage - Ind Labor): d) Manufacturing overhead applied equals: e) Total manufacturing costs equal: f) Cost of goods manufactured equals: g) Cost of goods sold* equals: h) Gross profit equals: 28 X 30 X 32 34 35 X 36 * Don't worry about over or underapplied overhead 37

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