Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 9 Given the following data for Vaughn Manufacturing, compute (A) total manufacturing costs and (B) cost of goods manufactured: Direct materials used $290000 Beginning
Question 9 Given the following data for Vaughn Manufacturing, compute (A) total manufacturing costs and (B) cost of goods manufactured: Direct materials used $290000 Beginning work in process $30000 Direct labor 210000 Ending work in process 15000 Manufacturing 315000 overhead Beginning finished goods 38000 Operating expenses 323000 Ending finished goods 23000 (A) (B) $800000 $830000 $815000 $800000 $830000 $845000 $815000 $830000 Question 10 Sheridan Company's accounting records reflect the following inventories: Dec 31, 2019 Dec. 31, 2020 Raw materials inventory $ 83000 $ 66000 Work in process inventory 105000 117000 Finished goods inventory 100000 92000 During 2020, Sheridan purchased $1550000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling 5160000 How much is total manufacturing costs incurred during 2020 for Sheridan? O $1960000 $1972000 51965000 $1977000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started