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Task This assessment consists of 4 exercises. The task is individual and off-line. Please submit your work displaying all computations and formulas used. If the
Task This assessment consists of 4 exercises. The task is individual and off-line. Please submit your work displaying all computations and formulas used. If the obtained results are unexplained, the grading will be materially lower. For your safety and potential later forensics, upload a well-structured and printable spreadsheet file into Turn-it-In. Each exercise counts 25 marks for a total of 100. Exercise 1: The balances in the perpetual inventory accounts of Dahl Manufacturing Corporation at the beginning and end of the current year are as follows: Inventories OB EB DM WIP FG 51,0 21,0 5,0 11,0 40,0 53,0 The total dollar amounts debited and credited during the year to the accounts used in recording manufacturing activities are as follows: Activity db cr DM 465,0 DL pay 197,0 202,0 MOH 454,5 454,5 WIP FG Instructions: a) Using these data, state, or compute for the year the following amounts: 1. Direct materials purchased. 2. Direct materials used. 3. Payments of direct labor payrolls. 4. Direct labor cost assigned to production. 5. Total manufacturing costs charged to the Work in Process Inventory account during the year. 6. The cost of finished goods manufactured. 7. Cost of goods sold. 8. The total amount to be classified as inventory in the year-end balance sheet. b) Prepare a schedule of the cost of finished goods manufactured
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