Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the cost of goods manufactured if beginning inventory is $8000. Calculate the cost of goods sold using indirect method with a beginning finished

what is the cost of goods manufactured if beginning inventory is $8000.
Calculate the cost of goods sold using indirect method with a beginning finished hoods inventory of $12000
image text in transcribed
Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $10,000 $ 1.00 2,000 $12,500 Direct materials Direct labor cost Actual direct labor-hours worked Job P $ 13,000 $ 21,000 1,400 Job Q $8,000 $7,500 500 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $10,000 $ 1.00 2,000 $12,500 Direct materials Direct labor cost Actual direct labor-hours worked Job P $ 13,000 $ 21,000 1,400 Job Q $8,000 $7,500 500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Independent Review For Banks The Complete BSA AML Audit Workbook

Authors: Howard Steiner, Stephen L. Marini

1st Edition

0615237908, 978-0615237909

More Books

Students also viewed these Accounting questions

Question

305 mg of C6H12O6 in 55.2 mL of solution whats the molarity

Answered: 1 week ago

Question

How would we like to see ourselves?

Answered: 1 week ago