Assuming the company produced 24,000 fully and partially finished units during the year, determine the cost components of the finished goods inventory, which is composed of 4,800 finished units.
Assuming the company produced 24,000 fully and partially finished units during the year, determine the cost components of the finished goods inventory, which is composed of 4,800 finished units.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 14MC: In a job order cost system, factory wage expense is debited to which account? A. raw materials...
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Question
Assuming the company produced 24,000 fully and partially finished units during the year, determine the cost components of the finished goods inventory, which is composed of 4,800 finished units.
![Purchases of raw materials
Raw materials inventory, beginning
Raw materials inventory, ending
Depreciation, factory
Insurance, factory
Direct labour
Maintenance, factory
Administrative expenses
Sales
Utilities, factory
Supplies, factory
Selling expenses
Indirect labour
Work in process inventory, beginning
Work in process inventory, ending
Finished goods inventory, beginning
Finished goods inventory, ending
$
370,500
42,800
71,500
185,500
20,700
244,900
122,800
285,600
1,968,000
111,500
4,070
326,300
264,900
28,350
121,400
41,050
164,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50700bcb-7eae-4627-8f9a-d21c0cbd1fac%2F0d9889d0-cda0-4091-938a-b0933e6624a6%2Fj2ddlo_processed.png&w=3840&q=75)
Transcribed Image Text:Purchases of raw materials
Raw materials inventory, beginning
Raw materials inventory, ending
Depreciation, factory
Insurance, factory
Direct labour
Maintenance, factory
Administrative expenses
Sales
Utilities, factory
Supplies, factory
Selling expenses
Indirect labour
Work in process inventory, beginning
Work in process inventory, ending
Finished goods inventory, beginning
Finished goods inventory, ending
$
370,500
42,800
71,500
185,500
20,700
244,900
122,800
285,600
1,968,000
111,500
4,070
326,300
264,900
28,350
121,400
41,050
164,200
![Direct materials
Direct labour
Manufacturing overhead
Total
$
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50700bcb-7eae-4627-8f9a-d21c0cbd1fac%2F0d9889d0-cda0-4091-938a-b0933e6624a6%2Fafpe1no_processed.png&w=3840&q=75)
Transcribed Image Text:Direct materials
Direct labour
Manufacturing overhead
Total
$
0
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