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Product vs Periods Costs - Materials Flow The flow of manufacturing costs through the ledger accounts of Dahl, Inc., in the current year is illustrated
Product vs Periods Costs Materials Flow
The flow of manufacturing costs through the ledger accounts of Dahl, Inc., in the current year is illustrated below in summarized form.
Instructions
Indicate the amounts requested below. Some amounts are shown in the illustrated accounts; others require short computations. Show all computations.
a Purchases of direct materials.
b The cost of direct materials used.
c Direct labor costs assigned to production.
d The yearend liability for direct wages payable.
e Total manufacturing costs charged to the WiP account during the current year.
f The cost of finished goods manufactured.
g The yearend balance in the Work in Process Inventory account.
h The cost of goods sold.
i The total amount of inventory listed in the yearend balance sheet.
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