Arturo Manufacturing Company provided the following information for the year 2012: Beginning balance—work in process inventory $12,000 Ending balance—work in process inventory $28,000 Beginning balance—direct materials inventory $42,000 Ending balance—direct materials inventory $30,000 Purchases—direct materials $180,000 Direct labor $235,000 Indirect materials $23,500 Indirect labor $9,500 Depreciation on factory plant & equipment $12,000 Plant utilities & insurance $135,000 Requirements: a) What was the amount of direct materials used in production? b) What was the amount of manufacturing overhead costs? c) What was the amount of manufacturing costs incurred during the year? d) What was the amount of the cost of goods manufactured for the year?
Hw.75.
Arturo Manufacturing Company provided the following information for the year 2012:
Beginning balance—work in process inventory $12,000
Ending balance—work in process inventory $28,000
Beginning balance—direct materials inventory $42,000
Ending balance—direct materials inventory $30,000
Purchases—direct materials $180,000
Direct labor $235,000
Indirect materials $23,500
Indirect labor $9,500
Plant utilities & insurance $135,000
Requirements:
a) What was the amount of direct materials used in production?
b) What was the amount of manufacturing
c) What was the amount of
d) What was the amount of the cost of goods manufactured for the year?
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