Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show the method Der.com contact courg Thermocontaining 8.00 din Burg 2.000 23.000 2.000 Theorie begin wance 2.000.000 photo made to the on the de

please show the method image text in transcribed
image text in transcribed
image text in transcribed
Der.com contact courg Thermocontaining 8.00 din Burg 2.000 23.000 2.000 Theorie begin wance 2.000.000 photo made to the on the de your Bel Curs Cost of Good and IT 10 000 w Beasann's Die-Cuts is preparing its cost of goods manufactured schedule at year-end. Beasann's accounting records show the following: T $58,000 of direct materials. Direct labour for the year totalled $123,000, while manufacturing overhead amounted to $152,000. The work in year. (Hint: The first step is to calculate the direct materials used during the year.) Beasann's Die Cuts Cost of Goods Manufactured 13000 58000 Beginning work in process inventory Add: Direct materials used Beginning raw materials inventory Purchases of direct materials Direct materials available for use Ending raw materials inventory Direct materials used 71000 17000 123000 Direct labour 152000 Manufacturing overhead Total manufacturing costs incurred during the period Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 15000 the following: The raw materials inventory account had a beginning balance of $13,000 and an ending balance of $17,000. During the year, Beasann purchased 100. The work in process inventory account had a beginning balance of $21,000 and an ending balance of $15,000. Compute the cost of goods manufactured for the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Traveling Consultants Guide To Auditing UNIX

Authors: Mark Adams

1st Edition

1105616398, 978-1105616396

More Books

Students also viewed these Accounting questions