Work-in-process inventory, August 1, 2019 $ 210 Direct materials inventory, August 1, 2019 75 Direct materials purchased 370 Direct materials used 355 Variable manufacturing overhead 265 Total manufacturing overhead 470 Total manufacturing costs incurred during August 2019 1,610 Cost of goods manufactured 1,660 Cost of goods sold 1,760 Finished goods inventory, August 1, 2019 215

Requirement 1. Calculate

direct

materials inventory on August 31,

2019.

Determine the formula and then calculate the direct materials inventory value at August 31,

2019.

(Work in millions. Use a minus sign or parentheses for numbers to be subtracted.)

Requirement 2. Calculate fixed manufacturing overhead costs for August. (Work in millions. Use a minus sign or parentheses for numbers to be subtracted.

Requirement 3. Calculate direct manufacturing labour costs for August.Choose the labels used to calculate direct manufacturing labour cost and then calculate the costs for the month of August. (Work in millions. Use a minus sign or parentheses for numbers to be subtracted.

Requirement 4. Calculate

work-in-process

inventory on August 31,

2019.

Determine the formula and then calculate the work-in-process inventory value at August 31,

2019.

(Work in millions. Use a minus sign or parentheses for numbers to be subtracted.)

Requirement 5. Calculate cost of goods available for sale in August.Select the labels used to calculate cost of goods available for sale and calculate those costs for August. (Work in millions.)

Requirement 6. Calculate finished goods inventory on August 31,

2019.

Choose the labels used to calculate finished goods inventory at the end of the period and then calculate the inventory value at August 31,

2019.

(Work in millions. Use a minus sign or parentheses for numbers to be subtracted.)