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managerial accounting help asap !? 4. The following information is from Marchant Manufacturing Co. for September: Direct materials used in production Direct labour $95,000 Total
managerial accounting help asap !?
4. The following information is from Marchant Manufacturing Co. for September: Direct materials used in production Direct labour $95,000 Total manufacturing cost Raw inventory, Sept. 1 $67,000 $234,000 $24,000 inventory, Sept. 1 Finished goods inve $6.000 ory. Sept. 1 Purchases of raw materials Cost of goods $101,000 $102,000 Administrative expense $233,000 Selling expense $41,000 Sales $56,000 Gross margin S344,000 Net income S127,000 330.000 Required (a) Compute the cost of goods sold. (b.) Compute the balance in finished goods inventory at September 30 (c) Compute the balance in work-in-process inventory at September 30. (d.) Compute the balance in raw materials inventory at September 30. (e.) Compute the total manufacturing overhead. (Hint: The easiest method of solving this problem is to sketch out the income statement and the schedule of cost of goods manufactured, enter the given amounts, and then enter the unknowns as plug figures)Step by Step Solution
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