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XYZ Company is a manufacturer that uses job-order costing. The company has provided the following data related to its operations for the past year.
XYZ Company is a manufacturer that uses job-order costing. The company has provided the following data related to its operations for the past year. Inventory Accounts Raw Materials Work in process Finished goods Est TTL MOH Est TTL DL hours POR Actual DL Hours Required: Beginning Ending Transactions Inventory Inventory 38,000 ? Raw materials purchased 453,000 16,000 88,500 Raw materials used in production (all direct) 417,000 39,000 ? Direct labor costs 545,000 Actual Indirect labor cost incurred 151,000 Other Data Other actual MOH costs incurred 449,000 708,000 TTL MOH Costs incurred 600,000 48,000 $ 14.75 The cost of finished goods that were sold 1,498,000 46,000 MOH applied to production ? (a) Calculated the ending balance in the raw materials inventory account. (b) Calculated the cost of goods manufactured. (c) Calculated the ending balance in the finished goods inventory account. (d) Calculated the adjusted cost of goods sold amount.
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