Answer is $155,000
Direct materials used = Beginning raw materials inventory +
Purchase of raw materials - Ending raw materials inventory -
Indirect materials used
Direct materials used = $11,000 + $26,000 - $17,000 - $6,000
Direct materials used = $14,000
Total manufacturing cost = Direct materials used + Direct labor
cost + Manufacturing overhead applied
Total manufacturing cost = $14,000 + $58,000 + $97,000
Total manufacturing cost = $169,000
Cost of goods manufactured = Beginning work in process inventory
+ Total manufacturing cost - Ending work in process inventory
Cost of goods manufactured = $52,000 + $169,000 - $66,000
Cost of goods manufactured = $155,000
franklin corporation has provided the following dats concerning last months operations. Purchase of raw materials $26,000...
Primare Corporstion has provided the following dats concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufactur Underapplied overhead $ 31,800 $4,920 $ 58,688 4,030 ing overhead applied to work in process Inventories Raw materials Work in process Finished goods Beginning Ending $10,180 18,688 $54,180 $69,88a $34,780 $43,78a Required: 1. Prepsre a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchase of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $ 31,000 $ 5,000 $58,400 $ 87,900 $ 4,190 Inventories Raw materials Work in process Finished goods Beginning Ending $11,000 $ 18,300 $ 55,800 $ 66,600 $ 33,000 $ 43,300 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule...
Hunkins Corporation has provided the following data concerning last month's operations. Purchases of raw materials $33,000 Indirect materials included in manufacturing $ 4,000 overhead Direct labor cost $58,000 Manufacturing overhead applied to Work in Process $91,000 Beginning Ending $ 14,000 $20,000 Raw materials inventory Work in process $ 57,000 $70,000 inventory How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured? How much is the cost of goods manufactured for the...
Panther Corporation has provided the following data concerning last month's operations. Purchases of raw materials$32,000 Indirect materials included in manufacturing overhead$5,000 Direct labor cost$58,000 Manufacturing overhead applied to Work in Process$99,000 Overapplied overhead$2,000 BeginningEnding Raw materials inventory$12,000$16,000 Work in process inventory$48,000$53,000 Finished goods inventory$41,000$47,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: a. Prepare a Schedule of Cost of Goods Manufactured for the month. b. Prepare a Schedule of Cost of Goods Sold...
1. Boursaw Corporation has provided the following data
concerning last month’s operations.
2. Boursaw Corporation has provided the following data
concerning last month’s operations.
3. Boursaw Corporation has provided the following data
concerning last month’s operations.
4. Boursaw Corporation has provided the following data
concerning last month’s operations.
$33,000 Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor cost Manufacturing overhead applied to Work in Process Underapplied overhead $ 4,000 $58,000 $78,000 $ 5,000 Beginning Ending Raw...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials included in manufacturing overhead $ 5,000 Direct labor $ 58,000 Manufacturing overhead applied to work in process $ 87,000 Underapplied overhead $ 4,000 Inventories Beginning Ending Raw materials $ 12,000 $ 18,000 Work in process $ 56,000 $ 65,000 Finished goods $ 35,000 $ 42,000 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,710 $59,400 $88,800 $ 4,010 Inventories Raw materials Work in process Finished goods Beginning Ending $ 11,500 $ 19,700 $ 54,700 $ 66,600 $ 34,300 $ 42,400 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,680 Direct labor $ 59,000 Manufacturing overhead applied to work in process $ 88,000 Underapplied overhead $ 4,190 Inventories Beginning Ending Raw materials $ 11,000 $ 18,400 Work in process $ 55,700 $ 68,700 Finished goods $ 33,800 $ 43,400 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
19) Boursaw Corporation has provided the following data concerning last month's operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor cost Manufacturing overhead applied to Work in Process Underapplied overhead $ 33,000 $ 4,000 $ 58,000 $ 78,000 $ 5,000 Raw materials inventory Work in process inventory Finished goods inventory Beginning Ending $ 10,000 $ 15,000 $ 56,000 $ 72,000 $ 41,000 $ 49,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $32,000 $ 4,660 $58, 100 $87,900 $ 4,020 Inventories Raw materials Work in process Finished goods Beginning $ 11,600 $ 54,200 $ 34,000 Ending $ 18,700 $ 65,900 $ 43,200 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule...