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The following information is available for Carter Corporation: Materials inventory decreased $ 4 , 0 0 0 . Materials inventory on December 3 1 was
The following information is available for Carter Corporation:
Materials inventory decreased $
Materials inventory on December was of materials inventory on January
Beginning work in process inventory was $
Ending finished goods inventory was $
Purchases of direct materials were $
Direct materials used were times the cost of direct labor.
Total manufacturing costs incurred were $ which is of cost of goods manufactured and $ less than cost of goods sold.
Note to students: The answers are not necessarily calculated in alphabetical order.
a Compute finished goods inventory on January
$
b Compute work in process inventory on December
$
c Compute direct labor incurred.
$
d Compute factory overhead incurred.
$
e Compute materials inventory on January
$
f Compute materials inventory on December
$
g Compute direct materials used.
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