Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Mansfield Ends and sels metal shelving It began operations on January 1, 2017 Click then to view the concurred during 2017 Click the loon to

image text in transcribed
image text in transcribed
image text in transcribed
Mansfield Ends and sels metal shelving It began operations on January 1, 2017 Click then to view the concurred during 2017 Click the loon to view the inventory data) Revers in 2017 were 1442.750. The priceperunt and the purchase priceper pound of direct materials were able throughout the year. The company's ning inventory of finished goods is carried at the average rit masing cost for 2017. Finished goods inventory December 3, 2017, was 122,400 Read the women Requirement 1. Calculate direct material invertory, December 31, 2017 Dermine the formula, then calle ending direct materials lost Ending directional cost P2-45 (similar to) Man Once upon aractures and sem having begations on January 1, 2017 the icon to the costs incurred during 2017 the con to view the words Revens in 2017 were 1442.750. The sling price per unit and the purchase price per pound of direct me throughout the year. The company's ending inventory of finished goods is carried the average na maraming coultor 2017, Finished goods inventory December 31, 2017, was $22.400 Read the formats Requirement 1 Calolate direct materials invertory, total cos, December 31, 2017 Determine the formula then calle ending direct maillot Ending direct main pounds Die materials cool por pound Ending direct matalo Choose from any list or enter any number in the input fields and then click Check Answer Clear 5. romaining Data Table - Costs incurred for 2017 are as follows (V stands for variable; F stands for foxed) Ending dired Inventory data are as follows: Direct materials used $144,500 V Direct manufacturing labor costs $30,000 V Plant energy costs $4,000 V Indirect manufacturing labor costs $12,000 V Indirect manufacturing labor costs $19,000 F Other indirect manufacturing costs $8.500 V Other Indirect manufacturing costs $20,000 F Marketing, distribution, and customer-service costs $126,000 V Marketing, distribution, and customer-service costs $48,000 F Administrative costs $56,000 F Variable manufacturing costs are variable with respect to units produced Variable marketing, distribution, and customer service costs are variable with respect to units sold. Beginning Ending: January 1, 2017 December 31, 2017 Direct materials o Ib 1,800 lbs Work in process O units O units Finished goods O units ? units Production in 2017 was 106,250 units. Two pounds of direct materials are used to make one unit of finished product Print Done Print Done Jk

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions