Question 1
a. What was the cost of direct materials used in production during June?
b. what was the cost of goods sold for June?
Miyose Corporation, a manufacturing company, has provided the following data for the month of June: Raw materials purchased during June totaled $67,000 and the cost of goods manufactured totaled $124,000. Inventories: Beginning Ending Raw Materials $ 23,000 $ 21,000 Finished Goods $ 82,000 $ 37,000 Required (round to nearest dollar with no decimal places) a. What was the cost of direct materials used in production during June? $ b. What was the cost of goods sold for June? Show your work. $ in) (13 Moving to another question will save this response. Question 1 of 4 [2} Close Window no." Inow}; eensemaiamal 1i L Pachur Company, which has only one product, has provided the following data concerning its most recent month of opemtions: Selling price ............................................... $121 Units in beginning inventory 300 Units produced .................... 6.900 Units sold 7.100 Units in ending inventor} 100 Variable costs per unit: Direct materials. $36 Direct labor ....... $43 Variable manufacturing m-erhead $3 Variable selling and administrative . $11 Fixed costs: Fixed manufacturing overhead .. $131.100 Fixed selling and administrative $49.70!) The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total xed costs have been constant from mouth to month. Required; (present with no decimal places) : What is the unit product cost for the month under variable costing? $ :' Determine the absorption costing net operating income for the month' 8 :] Avignon Inc . uses the weighted- average method in its process costing system . The following data concern the operations of the company's first processing department for a recent month . ." Work in process , beginning : Units in process . ...` 900 Percent complete with respect to materials . 80% Percent complete with respect to conversion . 10% Costs in the beginning inventory :" Materials cost . . . . . . . 1 1 1 1 1 ^ ^ $6, 768 Conversion cost .... ... $3, 186 Units started into production during the month . 10, 000 Units completed and transferred Out . . . . . . . ! ) 10, 100 Costs added to production during the month ." Materials cost . $97, 104 Conversion cost .. . . . . . . . . . . . ^ ^ $356, 940 Work in process , ending* Units in process . 800 Percent complete with respect to materials .. 90%/0 Percent complete with respect to conversion! ... 20%0 Complete the following table : DM CC Equivalent Units of Production* units units Cost per equivalent Unit ( round to 2 decimal D place ) Ending Inventory Value ( round to nearest whole dollar ) Transferred Out value ( round to nearest whole dollar )The manufacturing overhead budget of Inch Corporation is based on budgeted direct labor-hours . The September direct labor budget indicates that 4 , 400 direct labor-hours will be required in that month . The variable overhead rate is $5.00 per direct labor- hour . The company's budgeted fixed manufacturing overhead is $59 , 400 per month , which includes depreciation of $10 , 560 . All other fixed manufacturing overhead costs represent current cash flows .* Required : Determine the cash disbursement for manufacturing overhead for September ( present with no decimal places ) .*$ Determine the predetermined overhead rate for September . ( round to 2 decimal place ) $
