The following T accounts illustrate the product cost flows for Design it Yourself Co. Use the T accounts to answer the following questions (beginning balances are indicated with "Bal").

Purchases of direct materials are recorded with a
to Direct Materials.
Direct materials used in production are recorded with a
to Work in Process and a
to Direct Materials.
Direct labor is recorded with a
to Work in Process.
Applied overhead is recorded with a
to Work in Process and a
to Overhead.
Costs for the units that have completed the production process are recorded with a
to Work in Process and a
to Finished Goods.
What is the cost of units that were completed during the period?
$
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Review the animated cost flow Example and follow each step through the T accounts above.
Using the data from the T accounts, complete the cost of goods manufactured schedule.

Transcribed Image Text:

Direct Materials 15,600 Bal 62,400 71,760 6,240 Overhead 132,682 132,600 82