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please answer it as soon as possible The following information is from DALLAS Manufacturing Co. for June: Direct materials used in production $95,000 Direct labour
please answer it as soon as possible
The following information is from DALLAS Manufacturing Co. for June: Direct materials used in production $95,000 Direct labour $67,000 Total manufacturing cost $234,000 Raw materials inventory, June 1 $24,000 Work-in-process inventory, June 1 $7,000 Finished goods inventory, June 1 $101,000 Purchases of raw materials $102,000 Cost of goods manufactured $233,000 Administrative expense $41,000 Selling expense $56,000 Sales $344,000 Gross margin $127,000 Net income $30,000 Required: (a.) Compute the cost of goods sold. (b.) Compute the balance in finished goods inventory at June 30. (c) Compute the balance in work-in-process inventer at Juno 30 Cost of goods manufactured $233,000 Administrative expense $41,000 Selling expense $56,000 Sales $344,000 Gross margin $127,000 Net income $30,000 Required: (a.) Compute the cost of goods sold. (b.) Compute the balance in finished goods inventory at June 30. (c.) Compute the balance in work-in-process inventory at June 30. (d.) Compute the balance in raw materials inventory at June 30. (e.) Compute the total manufacturing overhead Step by Step Solution
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