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I need the answers for B and C because some of my answers are incorecct Bakerston Company is a manufacturing firm that uses job-order costing.
I need the answers for B and C because some of my answers are incorecct
Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Raw materials Work in process Finished goods Beginning Balance $11,700 32,700 $104,000 Endin Balance $15,100 $14,300 $121,000 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 17,200 machine-hours and incur $258,000 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were purchased, $415,000 . Raw materials were requisitioned for use in production, $411,600 (5377,000 direct and $34,600 indirect) . The following employee costs were incurred: direct labor, $337,000; indirect labor, $77,000; and administrative salaries, $153,000 elling costs, $111,000 Factory utility costs, $21,000 . Depreciation for the year was $122,000 of which $112,000 is related to factory operations and $10,000 is related to selling, general, and administrative activities Manufacturing overhead was applied to jobs. The actual level of activity for the year was 14,900 machine-hours . Sales for the year totaled $1,289,000 Required: a. Prepare a schedule of cost of goods manufactured in good form. (Do not round predetermined overhead rate. Input all amounts as positive values.) BAKERSTON COMPANY Schedule of Cost Goods Manufactured Direct materials Beginning raw materials inventory Add: Purchase of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production Less: Indirect materials included in manufacturing overhead $11,700 415,000 426,700 15,100 411.600 34,600 377,000 337,000 14,900 728,900 32,700 761,600 14,300 $ 747,300 irect labor anufacturing overhead applied to work in process inventory Total manufacturing costs Add: Beginning work in process inventory ess: E nding work in process inventory Cost of goods manufactured
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