ob Cost Journal Entries and T Accounts Following are certain operating data for Durango Manufacturing Company for January 2016:

Materials Inventory	WIP Inventrory	Finished Goods inventory
beginning inventory 57,000	24000	75000
ending inventory 33,000	40500	48000

Total sales were $1,800,000, on which the company earned a 40% gross profit. Durango uses a predetermined manufacturing overhead rate of 120% of direct labor costs. Manufacturing overhead applied was $360,000. Exclusive of indirect material used, total manufacturing overhead incurred was $243,000; it was over-applied by $22,500. Required Compute the following items. (Set up T accounts for Materials Inventory, Work in Process Inventory, Finished Goods Inventory, and Manufacturing Overhead; fill in the known amounts; and then use the normal relationships among the various accounts to compute the unknown amounts.) Cost of goods sold. Cost of goods manufactured. Direct labor incurred Direct material used. Indirect material used. Total materials purchased.

Job Cost Journal Entries and TAccounts 11:ACC 211 -O004-Fall Following are certain operating data for Durango Manufacturing Company for January 2016 Materials inventory work in Process inventory finished Goods Inventory Home Beginning inventory $57,000 $24,000 $75,000 Ending inventory 33,000 40,500 48,000 Ch 1: Overview of Managerial Accounting Ch 2: Managerial Accounting Concepts and Cost Flows Total sales were $1,800,000, on which the company earned a 40% gross profit. Durango uses a predetermined manufacturing overhead rate of 120% of direct labor costs. Manufacturing overhead applied was $360,000. Exclusive of indirect material used, total manufacturing overhead incurred was $243,000; it was over-applied by $22,500. Ch 3: Cost Accounting Systems: Job Order Costing Ch 4: Cost Accounting Systems: Process Costing Required Compute the following items. (Set up T accounts for Materials Inventory, Work in Process Inventory, Finished Goods Inventory, and Manufacturing overhead; fill in the known amounts, and then use the normal relationships among the various accounts to compute the unknown amounts.) a. Cost of goods sold. b. Cost of goods manufactured. C. Direct labor incurred d. Direct material used. e. Indirect material used. f. Total materials purchased. Ch 5: Activity-Based Costing Materials Inventory Ch 6: Cost-Volume- Profit Relationships 57000409(d) , ,500 bal Ch 7: Variable costing: 502,500 117,000 (e)