Question
The following costs and inventory data were taken from the accounts of Carla Vista Company for 2022: (Assume all raw materials used were direct materials.)
The following costs and inventory data were taken from the accounts of Carla Vista Company for 2022: (Assume all raw materials used were direct materials.)
January 1, 2022 | December 31, 2022 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Inventories: | |||||||||||
Raw materials | $ | 7,680 | $ | 6,720 | |||||||
Work in process | 14,400 | 12,480 | |||||||||
Finished goods | 15,360 | 11,520 | |||||||||
Costs incurred: | |||||||||||
Raw materials purchases | $ | 94,080 | |||||||||
Direct labor | 40,320 | ||||||||||
Factory rent | 7,680 | ||||||||||
Factory utilities | 9,600 | ||||||||||
Indirect materials | 5,760 | ||||||||||
Indirect labor | 8,640 | ||||||||||
Operating expenses | 16,320 |
(a)
Prepare a schedule showing the amount of direct materials used in production during the year.
select an opening name for this schedule Raw Materials Inventory, BeginningRaw Materials PurchasesRaw Materials Inventory, EndingDirect Materials UsedRaw Materials Available for Use | $ enter a dollar amount | |||
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select an item Raw Materials Inventory, EndingRaw Materials PurchasesRaw Materials Available for UseDirect Materials UsedRaw Materials Inventory, Beginning | enter a dollar amount | |||
select a summarizing line for the first part Raw Materials Inventory, BeginningRaw Materials Available for UseRaw Materials PurchasesRaw Materials Inventory, EndingDirect Materials Used | enter a subtotal of the two previous amounts | |||
select between addition and deduction AddLess: | select an item Raw Materials Inventory, EndingRaw Materials PurchasesDirect Materials UsedRaw Materials Inventory, BeginningRaw Materials Available for Use | enter a dollar amount | ||
select a closing name for this schedule Raw Materials Inventory, EndingRaw Materials Available for UseRaw Materials PurchasesRaw Materials Inventory, BeginningDirect Materials Used | $ enter a total amount for this schedule |
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