1. Cabundoc Manufacturing provides the following information for 2020. The ending work in process is? Ending Work in process = Opening raw materials inventory 70000 Closing raw materials inventory 60000 Opening work in process inventory 150000 Raw materials available for use 410000 Direct labor cost 300000 Factory overhead 337500 Cost of goods manufactured 836000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. Cabundoc Manufacturing provides the following information for 2020. The ending work in process is?

Ending Work in process =

Opening raw materials inventory

70000

Closing raw materials inventory

60000

Opening work in process inventory

150000

Raw materials available for use

410000

Direct labor cost

300000

Factory overhead

337500

Cost of goods manufactured

836000

2. The following information was reported by AS Company for the month of September, 2019. Assuming that mark-up is 100% on the cost price, and the total operating expenses is 256000, the net income before tax is?

Net income before tax =

 

September 1

September 30

Direct materials

80000

100000

Work in process finished goods

50000

70000

Finished goods

120000

140000

Direct labor cost

 

240000

Factory overhead

 

216000

Cost of goods sold

 

766000

3. The total work in process is 330000. The beginning work in process is 30000 and work in process at the end is 50000. The total manufacturing cost for the period is?

Total manufacturing cost =

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