Tableau DA 14-1: Quick Study, Computing direct materials used LO C4, C5

You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory $50,000 54,000 50,000 $40,000 43,000 Repairs expense - Factory $30,000 33,000 Factory supplies used (indirect materials) Factory utilities $20,000 $10,000 $0 Beginning Ending Beginning Ending Indirect labor Additional Data Accounts receivable, net $150,000 Cash $350,000 Direct labor $180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 #tableau K & Po 1. (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Co. is a manufacturer or a merchandiser? 1. (b) Which of following accounts distinguishes Mountaineer Co. as a manufacturer or merchandiser? 2. Identify the amount of raw materials purchases. 3. Compute the amount of raw materials it used during the year. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Co. is a manufacturer or a merchandiser? (b) Which of following accounts distinguishes Mountaineer Co. as a manufacturer or merchandiser? 1. (a) Mountaineer Co. is a 1. (b) Distinguishing account