Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Supervisory Salaries$46,000 Utilities Expenses$12,500 Amortization (Equipment)$13,000 Factory Supplies$4,500 Factory Rent$15,000 Beginning Work-In-Process Inventory$17,500 Ending Work-in-Process Inventory$13,500 Beginning Direct Materials Inventory$10,000 Ending Direct Materials Inventory$16,000 Sales

Supervisory Salaries$46,000

Utilities Expenses$12,500

Amortization (Equipment)$13,000

Factory Supplies$4,500

Factory Rent$15,000

Beginning Work-In-Process Inventory$17,500

Ending Work-in-Process Inventory$13,500

Beginning Direct Materials Inventory$10,000

Ending Direct Materials Inventory$16,000

Sales Salaries$45,000

Sales Commissions$20,000

Direct Materials Purchased$28,500

Sales$ 333,000

Beginning Finished Goods Inventory$22,750

Ending Finished Goods Inventory$30,750

Office Salaries$40,000

Office Supplies$ 5,000

Direct labor$87,500

Calculate the prime cost:

Calculate the manufacturing overhead:

Calculate the conversion cost:

Calculate the cost of goods manufactured:

Calculate the cost of goods sold:

Calculate the operating income:

Please show steps for the calculations, thank you.

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing

5th Canadian Edition

0135004934, 978-0135004937

More Books

Students also viewed these Accounting questions