Question
The following data (in thousands) pertain to 2017: A partial listing of costs incurred during December at Rooks Corporation appears below: The following data (in
The following data (in thousands) pertain to 2017:
A partial listing of costs incurred during December at Rooks Corporation appears below:
The following data (in thousands) pertain to 2017:
Direct Materials and supplies purchased on credit $900
Direct materials used 810
Indirect materials issued to various production departments 200
Direct manufacturing labor 1,500
Indirect manufacturing labor incurred by various production departments 800
Depreciation on building and manufacturing equipment 500
Miscellaneous manufacturing overhead incurred by various production department 650
Manufacturing overhead allocated at 160% of direct manufacturing labor cost 2,080
Cost of goods manufactured 5,120
Revenues 9,000
Cost of goods sold (before adjustment for under/or/overallocated manufacturing overhead) 4,020
Inventories December 31, 2016 (not 2017)
Materials Control 200
Work-in-process control 70
Finished goods control 600
Show posted T-accounts for all inventories, Cost of Goods Sold, Manufacturing Overhead Control, and Manufacturing Overhead Allocated.
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