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You are given the following t accounts For the following Accounts R And R at the end of October 31, 2021 Work in Process Inventory
You are given the following t accounts For the following Accounts R And R at the end of October 31, 2021
Work in Process Inventory Finished Goods Inventory
Dr Cr. Dr. Cr.
BB 26,252 499,600 BB 120,800 172,000
DM 297,500 COGM 499,600
Dl 95,744 EB 448,460
MOH 39,734
EB 159,750
Key For the abbreviations:
BB= Beginning balance
DM= direct materials
DL= Direct Labor
MOH= Manufacturing Overhead
COGM= cost of goods manufactured
EB= Ending balance
Direct Materials Inventory Balance as of 10-31-2021 $72,252
Cleary label your work and show all work
- What are the total Prime costs for October?
- What are total Conversion costs for October?
- What are total manufacturing Costs for October?
- What was the amount of Cost of Goods Sold for October? Hint-Finished Goods T-account.
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