Question

Lite the total product e. Calculate the amount of me 4-5 Product cost flows Roddick Co. Plud costs for u product costs for the month. manufacturing overhead incurred for the month erations of Direct Materials LO 3) The following T-accounts record the operations Finished Goods Beginning Balance Purchases 10,000 Work in Process Beginning 25,000 ? 460,000) Balance Beginning Balance COGM COGS / A81k Direct Material 62k. ? > 2 15,000 ? 48,000 72,000 Direct Labor Overhead 100 A be Ending Balance To 12,000 Ending Ending Balance 16,000 23,000 Balance Required during the period. ng the period. alculate the amount of direct materials purchased during the period. . Calculate the direct materials used in production during the period. C. Calculate the total manufacturing cost for the period. d. Calculate the cost of goods manufactured for the period. e. Calculate the cost of goods sold for the period. anufactured for the period.

Answer 1

a. Calculation of the amount of direct materials purchased during the period.

b. Calculation of the Direct materials used in the production during the period.

c. Calculation of the total manufacturing cost for the period.

d. Calculation of the cost of goods manufactured for the period.

e. Calculation of the cost of goods sold for the period.

Refer to the below images for more detailed solution with calculations.

AnswH Raw Materials or or 10000 or work in process 15000 D.Materials ① 6oood Do Labor 48000 @ overhead 72000 @ 62000 60000 17-2000 12 000 23000 Finished goods or 3 000 172004 @ 181000 16000 @ Revorrement direct materials calculation purchased of the during amount the of years By using Raw materials inventory account, Beginning balance & purchases - Raw materials used ending balance $ 1000ot purchases -1 6oooo 1 12000 - purchases & 62000

calculation of the used in production amount during of the direct materials perioda Regluipement & 6oooo [ credit to the Raw Materials Inventory Alc]. + ③: : calculation of the the periode total manufacturing cost for Realdivement By using the Wosic in process inventory account, Direct Materials used & Direct labor & overhead & Toral manufacturing cost & boooo & $ 48000 & $ 72000 = $ 180000 cost of goods manufactured do calcolation of the for the periode Reastrement By using the work in process inventory All Beginning balance & Total manufacturing - cogn - Ending balance cost $ 150oot & 1 8000o - Colpos - 23000 - Cost of goods manufactored = & 172000

o the cost of goods sold for calculation of the period : Realuirement le By using the finished goods inventory Ale, Beginning balance it couM - cous - Ending balance $ 25000 & & 172000 - Cous = $ 16000 - cost of goods sold = & 181000 _