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MessersmithInc submits the following data on October 31, 2005, material put into process $42,300; direct labor is paid at the rate of $7.8 and $8.4
MessersmithInc submits the following data on October 31, 2005, material put into process $42,300; direct labor is paid at the rate of $7.8 and $8.4 in department A and B respectively. Department A worked 6125 hours and Department B reported 9875 hours. Factory overhead is applied on the basis of direct labor hours at the rate of $5 per hour in Department A and $4.2 per hour in Department B.
Oct.1 Oct.31
Finished goods $11,300 $9400
Work in process 17,300 19,425
Materials 15,000 19,200
Required: Determine
- Total manufacturing cost
- Cost of goods manufactured
- Cost of goods sold
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