Assume a business had the following: Inventory at the beginning of the period: $10,000 Inventory at...
Assume a business had the following:
Inventory at the beginning of the period: $10,000
Inventory at the end of the period: $20,000
Inventory purchases = $40,000
What was the cost of the direct materials they used?
Your answer should be a whole number, do not use decimals in your answer.
Homework Answers
Computation of Direct material used:
Direct material used = Beginning inventory + Purchase - Ending inventory
= $10000 + $40000 - $20000
= $50000 - $20000
= $30000.
Add Answer to:
Assume a business had the following:
Inventory at the beginning of the period: $10,000
Inventory at...
List: Beginning raw materials inventory Beginning work in process inventory Cost of goods manufactured Direct labor...
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
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Department G had 3,600 units, 25% completed at the beginning of the period, 11,000 units were completed during the period, 3,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 at $8) 83,200 Direct labor 63,000 Factory overhead 25,000 Assuming that all direct materials are placed in process...
Department S had no work in process at the beginning of the period. It added 10,000...
Department S had no work in process at the beginning of the period. It added 10,000 units of direct materials during the period at a cost of $80,000. During the period, 7,500 units were completed, and 2,500 units were 45% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $51,750, and factory overhead was $24,150. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 10,000...
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Department G had 2,160 units 25% completed at the beginning of the period, 13,100 units were completed during the period...
Department G had 2,160 units 25% completed at the beginning of the period, 13,100 units were completed during the period, 1,800 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $25,400 Costs added during period: Direct materials (12,740 units at $9) 114,660 Direct labor 73,800 Factory overhead 24,600 All direct materials are placed in process at the...
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Department G had 1,920 units 25% completed at the beginning of the period, 13,900 units were completed during the period, 1,600 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $25,300 Costs added during period: Direct materials (13,580 units at $9) 122,220 Direct labor 75,000 Factory overhead 25,000 All direct materials are placed in process at the...
Department G had 2,040 units 25% completed at the beginning of the period, 13,900 units were...
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List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
Department G had 2,040 units 25% completed at the beginning of the period, 13,900 units were completed during the period, 1,700 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $25,700 Costs added during period: Direct materials (13,560 units at $8) 108,480 Direct labor 79,200 Factory overhead 26,400 All direct materials are placed in process at the...
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