The following T accounts summarize the flow of manufacturing costs during the current year through the ledger accounts of Double Bar Corporation:

Instructions
From the data supplied above, indicate the following amounts. Some amounts are shown in the T accounts; others require short computations. (Show all computations.)
a. Purchases of direct materials during the year.
b. The cost of direct materials used.
c. Direct labor payrolls paid during the year.
d. Direct labor costs assigned to production.
e. Total manufacturing costs charged to the Work in Process Inventory account during the year.
f. The cost of finished goods manufactured.
g. The cost of goods sold.
h. The total costs to be classified as inventory in the year-end balancesheet.

Transcribed Image Text:

Materials Inventory Work in Process Inventory Beg. balance 16,000 355,000 Beg. balance 21,000 210,000 390,000 Ending balance 25,000 Ending balance 13,000 | у Direct Labor Finished Goods Inventory $210,000 Ending balance 14,000 $216,000 Beg. balance $106,000 Ending balance $118,000 Manufacturing Overhead Cost of Goods Sold $390,000 $390,000