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The following T-accounts record the operations of Sheridan Co.: Direct Materials Beginning Balance 26,000 ? 245,000 Ending Balance 18,000 Work in Process Beginning Balance 37,000
The following T-accounts record the operations of Sheridan Co.:
Direct Materials | ||||||
---|---|---|---|---|---|---|
Beginning Balance | 26,000 | |||||
? | ||||||
245,000 | ||||||
Ending Balance | 18,000 |
Work in Process | ||||||
---|---|---|---|---|---|---|
Beginning Balance | 37,000 | |||||
Direct Material | ? | |||||
Direct Labor | 165,000 | |||||
Overhead | ? | |||||
? | ||||||
Ending Balance | 27,000 |
Finished Goods | ||||||
---|---|---|---|---|---|---|
Beginning Balance | 43,000 | |||||
COGM | ? | |||||
643,000 | COGS | |||||
Ending Balance | 15,000 |
(a) Calculate the amount of direct materials purchased during the period.
Direct materials purchased | $enter the Direct 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 |
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