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The following T-accounts record the operations of Marigold Co.: Assume all raw materials are direct materials. Raw Materials Beginning Balance 27,000 ? 250,000 Ending Balance
The following T-accounts record the operations of Marigold Co.:
Assume all raw materials are direct materials.
Raw Materials | ||||||
---|---|---|---|---|---|---|
Beginning Balance | 27,000 | |||||
? | ||||||
250,000 | ||||||
Ending Balance | 16,000 |
Work in Process | ||||||
---|---|---|---|---|---|---|
Beginning Balance | 37,000 | |||||
Direct Material | ? | |||||
Direct Labor | 165,000 | |||||
Overhead | ? | |||||
? | ||||||
Ending Balance | 27,000 |
Finished Goods | ||||||
---|---|---|---|---|---|---|
Beginning Balance | 44,000 | |||||
COGM | ? | |||||
642,000 | ||||||
Ending Balance | 15,000 |
(a) Calculate the amount of direct materials purchased during the period
Direct materials purchased | $enter the raw materials purchased in dollars |
(b) Calculate the cost of goods manufactured during the period.
Costs of goods manufactured | $enter the costs of goods manufactured in dollars |
(c) Calculate the total manufacturing overhead cost for the period.
Total manufacturing overhead cost | $enter the total manufacturing overhead cost in dollars |
(d) Calculate the total manufacturing cost for the period.
Total manufacturing cost | $enter the total manufacturing cost in dollars |
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