Question
(TCO 1) The Boyceville Machining Company provided you with the following information for the fiscal year ending onDecember 31: Work-in-process inventory, 12/31 $28,950 Finished goods
(TCO 1) The Boyceville Machining Company provided you with the following information for the fiscal year ending onDecember 31:
Work-in-process inventory, 12/31
$28,950
Finished goods inventory, 1/1
153,700
Direct labor costs incurred
502,150
Manufacturing overhead costs
1,364,700
Direct materials inventory, 1/1
125,400
Finished goods inventory, 12/31
255,500
Direct materials purchased
875,100
Work-in-process inventory, 1/1
50,500
Direct materials inventory, 12/31
84,700
(a) Compute the total manufacturing costs incurred during the year.
(b) Compute the total work-in-process during the year.
(c) Compute the cost of goods manufactured during the year.
(d) Compute the cost of goods sold during the year.
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