Question
Road Warrior Corporation began operations early in the current year, building luxury motor homes. During the year, the company started and completed 50 motor homes
Road Warrior Corporation began operations early in the current year, building luxury motor homes. During the year, the company started and completed 50 motor homes at a cost of $60,000 per unit. Of these, 48 were sold for $105,000 each and two remain in finished goods inventory. In addition, the company had six partially completed units in its factory at year-end. Total costs for the year (summarized alphabetically) were as follows: Direct materials used $ 774,000 Direct labor 818,000 General and administrative expenses 500,000 Income tax expense 100,000 Manufacturing overhead 1,780,000 Selling expenses 500,000 Instructions a. Compute the total manufacturing costs charged to work in process for the current year: b. Compute the cost of finished goods manufactured for the current year: c. Compute the cost of goods sold for the current year: d. Compute the gross profit on sales for the current year: e. Compute the ending inventories for the current year.
What is 1)total manufacturing cost 2) ending inventory of work in process 3) ending inventory of finished goods?
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