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please help me A new computer virus (AcctBGone) destroyed most of the company records at BackupsRatus. The computer experts at the company could recover only
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A new computer virus (AcctBGone) destroyed most of the company records at BackupsRatus. The computer experts at the company could recover only a few fragments of the company's factory ledger for March as follows Direct Materials Inventory Work-In Process Inventory 88 (3/1) 89, 100 B8 (3/1) 27,100T Finished Goods Inventory Cost of Goods Sold EB (3731) 66,500 Manufacturing Overhead Control Accounts Payable 53,700 (3/31) Further investigation and reconstruction from other sources yielded the following additional information: The controller remembers clearly that actual manufacturing overhead costs are recorded at $17 per direct labor hour (The company assigns actual overhead to Work in Process inventory) The production superintendent's cost sheets showed only one job in Work in Process Inventory on March 31. Materials of $15,800 had been added to the job, and 260 direct labor-hours had been expended : 538 per hour The Accounts Payable are for direct materials purchases only, according to the accounts payable clerk. He clearly remembers that the balance in the account was $36 700 on March 1 An analysis of canceled checks (kept in the treasurer's office) shows that payments of $251,600 were made to suppliers during the month The payroll ledger shows that 5 300 direct labor hours were recorded for the month The employment department has verified that there are no variations in pay rates among employees (this infuriated Steve Fung who believed that his services were underpaidi Records maintained in the finished goods warehouse indicate that the finished goods inventory totaled $107.500 on March 1 The cost of goods manufactured in March was 5563.600 Required: Determine the following amounts: a. Work-in-process inventory, March 31. b. Direct materials purchased during March. C. Actual manufacturing overhead incurred during March. d. Cost of goods sold for March. a b Work-in-process Inventory Direct materials purchased Actual manufacturing overhead Cost of goods sold d Step by Step Solution
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