Question
Last night, the sprinkler system at Plant A was accidentally set off. The ensuing deluge destroyed most of the cost records in Plant A for
Last night, the sprinkler system at Plant A was accidentally set off. The ensuing deluge destroyed most of the cost records in Plant A for the month just completed (May). The plant manager has come to you in a paniche has to complete his report for head office by the end of today. He wants you to give him the numbers he needs for his report. He can provide you with some fragments of information he has been able to salvage:
Raw materials: | Beginning | $ 24,200 | |||
Ending | 56,400 | ||||
Work in process: | Beginning | 17,000 | |||
Finished goods: | Sold in May | 403,200 | |||
Ending | 53,600 | ||||
Manufacturing overhead: | Beginning | 0 | |||
Accrued wages payable: | Beginning | 11,100 | |||
Ending | 18,900 |
Other information:
1. | Total direct materials requisitions for the month were $ 180,200. |
2. | A total of 9,200 direct labour hours were worked during the month at an average wage of $ 15/hour. |
3. | Manufacturing overhead of $ 102,200 was incurred during the period. |
4. | On May 31, the ending inventory of work in process is $ 4,700. |
Calculate the following:
(a)
Your answer has been saved. See score details after the due date.
The material purchased during May.
Material purchased | $ enter the material purchased in dollars |
Attempts: 1 of 1 used
(b)
The amount paid to the labour force in May.
Amount paid to the labour force | $ enter the amount paid to the labour force in dollars |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started