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The balances in the perpetual inventory accounts of Anditon Manufacturing Corporation at the beginning and end of the current year are as follows. Beginning of
The balances in the perpetual inventory accounts of Anditon Manufacturing Corporation at the beginning and end of the current year are as follows. Beginning of End of Year Year Inventory accounts: Materials Work in Process Finished Goods Inventory $126,000 109,000 325,000 $222,000 75,000 238,000 The total dollar amounts debited and credited during the year to the accounts used in recording manufacturing activities are as follows. Credit Entries Debit Entries Account: Materials Inventory Direct Labor Manufacturing Overhead Work in Process Inventory Finished Goods Inventory $2,410,000 1,189,000 893,600 ? ? $ ? 992,000 893,600 Required: a. Using these data, state or compute for the year the following amounts. b. Prepare a schedule of the cost of finished goods manufactured. Complete this question by entering your answers in the tabs below. Required A Required B 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.
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