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28 Sep 2019
The following data from the just completed yearare taken from the accounting records of Eccles Company:
Sales $ 643,000 Direct labor cost $ 90,000 Raw material purchases $ 132,000 Selling expenses $ 100,000 Administrative expenses $ 43,000 Manufacturing overhead applied to work inprocess $ 210,000 Actual manufacturing overhead costs $ 220,000
Inventories: Beginning
of Year End of
Year Raw materials $ 8,000 $ 10,000 Work in process $ 5,000 $ 20,000 Finished goods $ 70,000 $ 25,000
Required:
1. Prepare a schedule of cost of goodsmanufactured. Assume all raw materials used in production weredirect materials.
The following data from the just completed yearare taken from the accounting records of Eccles Company:
Sales | $ | 643,000 |
Direct labor cost | $ | 90,000 |
Raw material purchases | $ | 132,000 |
Selling expenses | $ | 100,000 |
Administrative expenses | $ | 43,000 |
Manufacturing overhead applied to work inprocess | $ | 210,000 |
Actual manufacturing overhead costs | $ | 220,000 |
Inventories: | Beginning of Year | End of Year | ||
Raw materials | $ | 8,000 | $ | 10,000 |
Work in process | $ | 5,000 | $ | 20,000 |
Finished goods | $ | 70,000 | $ | 25,000 |
Required: |
1. | Prepare a schedule of cost of goodsmanufactured. Assume all raw materials used in production weredirect materials. |
Collen VonLv2
28 Sep 2019