b. Compute he diIount Ul UIC CUJL c. Compute the amount of direct labor costs assigned to production. d. Compute the amount of the year-end liability for direct wages payable. e. Compute the ampunt of total manufacturing costs charged to the Work in Proc f. Compute the amount of the cost of finished goods manufactured. ass Inventor
b. Compute he diIount Ul UIC CUJL c. Compute the amount of direct labor costs assigned to production. d. Compute the amount of the year-end liability for direct wages payable. e. Compute the ampunt of total manufacturing costs charged to the Work in Proc f. Compute the amount of the cost of finished goods manufactured. ass Inventor
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
ACCT 102 - Subparts d e f
![614,400
Ending balance $ 53,400
Manufacturing Overhead
Cost of Goods Sold
$214,400
$214,400
Required:
Indicate the amounts requested below. Some amounts are shown in the illustrated T accounts; others require short computations.
a. Compute the amount of purchases of direct materials.
b. Compute the amount of the cost of direct materials used.
c. Compute the amount of direct labor costs assigned to production.
d. Compute the amount of the year-end liability for direct wages payable.
e. Compute the amount of total manufacturing costs charged to the Work in Process Inventory account during the current year
f. Compute the amount of the cost of finished goods manufactured.
g. Compute the amount of the year-end balance in the Work in Process Inventory account
h. Compute the amount of the cost of goods sold.
i. Compute the amount of the total amount of inventory listed in the year-end balance sheet
Purchases of direct materials
269,000
a.
265,000
b. Cost of direct materials used
134,000
C.
Amount of direct labor costs
d. Amount of year-end liability for direct labor
Total manufacturing costs
f.
Cost of finished goods manufactured
g. Amount of year-end balance for work in process inventory
h Cost of goods sold
Total inventory
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65578d39-fdd5-4714-8102-8ad433eb12f5%2Fedd94237-0109-447d-a96f-a838528a7e14%2Fkyox40d.jpeg&w=3840&q=75)
Transcribed Image Text:614,400
Ending balance $ 53,400
Manufacturing Overhead
Cost of Goods Sold
$214,400
$214,400
Required:
Indicate the amounts requested below. Some amounts are shown in the illustrated T accounts; others require short computations.
a. Compute the amount of purchases of direct materials.
b. Compute the amount of the cost of direct materials used.
c. Compute the amount of direct labor costs assigned to production.
d. Compute the amount of the year-end liability for direct wages payable.
e. Compute the amount of total manufacturing costs charged to the Work in Process Inventory account during the current year
f. Compute the amount of the cost of finished goods manufactured.
g. Compute the amount of the year-end balance in the Work in Process Inventory account
h. Compute the amount of the cost of goods sold.
i. Compute the amount of the total amount of inventory listed in the year-end balance sheet
Purchases of direct materials
269,000
a.
265,000
b. Cost of direct materials used
134,000
C.
Amount of direct labor costs
d. Amount of year-end liability for direct labor
Total manufacturing costs
f.
Cost of finished goods manufactured
g. Amount of year-end balance for work in process inventory
h Cost of goods sold
Total inventory
%24
![Materials Inventory
Work in Process Inventory
Beg. balance
$ 13,000
Beg, balance
$ 19,000
269,000
Ending balance $ 17,000
$614,400
134,000
214,400
Ending balance
Direct Labor
Finished Goods Inventory
$134,000
Ending balance $ 2,700
$ 46,000
614,400
Ending balance $ 53,400
$131,300
Beg. balance
Cost of Goods Sold
Manufacturing Overhead
$214,400
$214,400
Required:
Indicate the amounts requested below. Some amounts are shown in the illustrated T accounts; others require short computations.
a. Compute the amount of purchases of direct materials.
b. Compute the amount of the cost of direct materials used.
c. Compute the amount of direct labor costs assigned to production.
d. Compute the amount of the year-end liability for direct wages payable.
e. Compute the ampunt of total manufacturing costs charged to the Work in Process Inventory account during the current year.
f. Compute the amount of the cost of finished goods manufactured.
g. Compute the amount of the year-end balance in the Work in Process Inventory account.
h. Compute the amount of the cost of goods sold.
i. Compute the amount of the total amount of inventory listed in the year-end balance sheet.
269,000
Purchases of direct materials
265,000
a.
Cost of direct materials used
134.000
%24
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65578d39-fdd5-4714-8102-8ad433eb12f5%2Fedd94237-0109-447d-a96f-a838528a7e14%2F30brubo.jpeg&w=3840&q=75)
Transcribed Image Text:Materials Inventory
Work in Process Inventory
Beg. balance
$ 13,000
Beg, balance
$ 19,000
269,000
Ending balance $ 17,000
$614,400
134,000
214,400
Ending balance
Direct Labor
Finished Goods Inventory
$134,000
Ending balance $ 2,700
$ 46,000
614,400
Ending balance $ 53,400
$131,300
Beg. balance
Cost of Goods Sold
Manufacturing Overhead
$214,400
$214,400
Required:
Indicate the amounts requested below. Some amounts are shown in the illustrated T accounts; others require short computations.
a. Compute the amount of purchases of direct materials.
b. Compute the amount of the cost of direct materials used.
c. Compute the amount of direct labor costs assigned to production.
d. Compute the amount of the year-end liability for direct wages payable.
e. Compute the ampunt of total manufacturing costs charged to the Work in Process Inventory account during the current year.
f. Compute the amount of the cost of finished goods manufactured.
g. Compute the amount of the year-end balance in the Work in Process Inventory account.
h. Compute the amount of the cost of goods sold.
i. Compute the amount of the total amount of inventory listed in the year-end balance sheet.
269,000
Purchases of direct materials
265,000
a.
Cost of direct materials used
134.000
%24
%24
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