winter's , manufacturer of winter coats, current year'spredetermined overhead rate is 75% of direct labor cost.
Prepare the ending inventory value that would be presented onthe balance sheet and winter's income statement.
requires : write down the detailed calculation process ( how doyou gets those number)
beginning materials inventory 35,000
beginning work in process 20,000
beginning finished goods inventory 15,000
materials purchased 30,000
direct materials requested ?
direct labor cost incurred 30,000
direct labor paid 28,000
overhead applied ?
costs of units completed 50,000
costs of goods sold ?
ending materials inventory 15,000
ending working in process ?
ending finished goods 33,000
sales 60,000
administrative expense 15,000
winter's , manufacturer of winter coats, current year'spredetermined overhead rate is 75% of direct labor cost.
Prepare the ending inventory value that would be presented onthe balance sheet and winter's income statement.
requires : write down the detailed calculation process ( how doyou gets those number)
beginning materials inventory 35,000
beginning work in process 20,000
beginning finished goods inventory 15,000
materials purchased 30,000
direct materials requested ?
direct labor cost incurred 30,000
direct labor paid 28,000
overhead applied ?
costs of units completed 50,000
costs of goods sold ?
ending materials inventory 15,000
ending working in process ?
ending finished goods 33,000
sales 60,000
administrative expense 15,000
Related questions
The information below relates to Derby Manufacturing Company'soperations for a recent month. (Assume that all raw materials aredirect materials.):
Purchases of raw materials........................ | $91,000 | |
Direct labor cost........................................ | $122,000 | |
Selling costs (total).................................... | $42,000 | |
Administrative costs (total)....................... | $56,000 | |
Manufacturing overhead costs (total)....... | $340,000 | |
Raw materials inventory, beginning.......... | $22,000 | |
Work in process inventory, beginning....... | $27,000 | |
Finished goods inventory, beginning........ | $42,000 | |
Raw materials inventory, ending............... | $7,000 | |
Work in process inventory, ending............ | $35,000 | |
Finished goods inventory, ending............. | $15,000 |
What was Derby's cost of goods manufactured for the month?
| a. | $545,000 | |
| b. | $560,000 | |
| c. | $568,000 | |
| d. | $587,000 |
