Martin Enterprises Inventories: April 1 April 30 Raw material $20,000 $17,000 Work in process 12,000 8,000 Finished goods 30,000 39,000 Additional information for April: Raw
Martin Enterprises
| Inventories: | April 1 | April 30 |
|---|---|---|
| Raw material | $20,000 | $17,000 |
| Work in process | 12,000 | 8,000 |
| Finished goods | 30,000 | 39,000 |
| Additional information for April: | ||
| Raw material purchased | $45,000 | |
| Direct labor payroll | $36,000 | |
| Direct labor rate per hour | $8.00 | |
| Overhead rate per direct labor hour | $10.00 |
Refer to Martin Enterprises. For April, prime cost incurred was
Select one:
a. $45,000.
b. $84,000
c. $78,000.
d. $51,000.
Refer to Martin Enterprises. For April, Cost of Goods Manufactured was
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
1119786649, 978-1119786641
