Question

Required Information [The following information applies to the questions displayed below) You have been asked by the CEO of Mountaineer Co to assist in analyzing product costs. This analysis is used in Internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work In Process Finished Goods Rent expense-Factory $50,000 54,000 50,000 $40,000 43,000 Repairs expense Factory $30,000 13,000 Factory supplies used indirett materials) Factory utilities $20.000 $10,000 $0 Beginning Ending Beginning Ending Indirect labor Additional Data Accounts receivable, net $150,000 Cash $350.000 Direct labor $180.000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses 50 $200,000 $400,000 $600.000 $800,000 $1,000,000 tableau

Answer 1

Answer—: Prime cost Direct Material: Raw material inventory Beginnning $60,000 Raw material Purchases $1,40,000 Raw materials available for use $200,000 Less: Raw material inventory Ending ($64,000) Direct materials used $136,000 Direct Labor $180,000 Total Prime Costs $316,00 Conversion cost Direct Labor $180,000 Factory Overhead Rent Expenses- Factory $45,000 Factory Utilities $9500 Indirect  labor $38,000 Repair Expenses - Factory $11,500 Indirect Material $$14,000 Total Factory overhead costs $ 118,000.00 Total Conversion Costs $298,000.0 I hope the question is answered right way. If something not clear please feel free to ask in the comment box.  Ur upvote means a lot to me ?

Answer 2

Answer:

Pariculars	Amount	Amount
Direct Material:
Raw material inventory Beginnning	$60,000
Raw material Purchases	$140,000
Raw materials available for use	$200,000
Less: Raw material inventory Ending	($64,000)
Direct materials used		$136,000
Direct Labor		$180,000
Total Prime Costs		$316,000
Direct Labor		$180,000
Factory Overhead
Rent Expenses- Factory	$ 45,000.00
Factory Utilities	$   9,500.00
Indirect  labor	$ 38,000.00
Repair Expenses - Factory	$ 11,500.00
Indirect Material	$ 14,000.00
Total Factory overhead costs		$ 118,000.00
Total Conversion Costs		$298,000.00

Mountaineer Co.
Partial Balance Sheet
December 31
Cash		$       350,000
Accounts Receivable, net		$       150,000
Inventories
Finished Goods	$         54,000
Raw Material	$         64,000
Work in Process	$         33,000
Total Inventories		$       151,000
Total Current assets		$       651,000