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Bryant Enterprises reported the following for April: Beginning balance, Raw Materials Inventory $30,480 Beginning balance, Work in Process Inventory 48,004 Beginning balance, Finished Goods Inventory 17,948 Purchases of raw materials 54,776 Factory electricity 10,186 Direct labor payroll 32,437 Depreciation on factory equipment 35,348 Insurance on factory building 8,930 Indirect materials used in production 7,188 Total raw materials used in production 65,577 Indirect labor payroll 24,828 Cost of goods manufactured 199,800 Cost of goods sold 208,640

Bryant Enterprises reported the following for April: Beginning balance, Raw Materials Inventory $30,480 Beginning balance, Work in Process Inventory 48,004 Beginning balance, Finished Goods Inventory 17,948 Purchases of raw materials 54,776 Factory electricity 10,186 Direct labor payroll 32,437 Depreciation on factory equipment 35,348 Insurance on factory building 8,930 Indirect materials used in production 7,188 Total raw materials used in production 65,577 Indirect labor payroll 24,828 Cost of goods manufactured 199,800 Cost of goods sold 208,640

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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EC 4 Q2

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Bryant Enterprises reported the following for April: Beginning balance, Raw Materials Inventory $30,480 Beginning balance, Work in Process Inventory 48,004 Beginning balance, Finished Goods Inventory 17,948 Purchases of raw materials 54,776 Factory electricity 10,186 Direct labor payroll 32,437 Depreciation on factory equipment 35,348 Insurance on factory building 8,930 Indirect materials used in production 7,188 Total raw materials used in production 65,577 Indirect labor payroll 24,828 Cost of goods manufactured 199,800 Cost of goods sold 208,640
Transcribed Image Text:Bryant Enterprises reported the following for April: Beginning balance, Raw Materials Inventory $30,480 Beginning balance, Work in Process Inventory 48,004 Beginning balance, Finished Goods Inventory 17,948 Purchases of raw materials 54,776 Factory electricity 10,186 Direct labor payroll 32,437 Depreciation on factory equipment 35,348 Insurance on factory building 8,930 Indirect materials used in production 7,188 Total raw materials used in production 65,577 Indirect labor payroll 24,828 Cost of goods manufactured 199,800 Cost of goods sold 208,640
(c) Your answer is correct. What was the total manufacturing cost for the month of April? Total manufacturing cost 177306 eTextbook and Media Assistance Used Attempts: 2 of 3 used (d) What were the ending balances in the Raw Materials, Work in Process, and Finished Goods inventory accounts? Raw materials 2$ Work in process Finished goods $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later %24
Transcribed Image Text:(c) Your answer is correct. What was the total manufacturing cost for the month of April? Total manufacturing cost 177306 eTextbook and Media Assistance Used Attempts: 2 of 3 used (d) What were the ending balances in the Raw Materials, Work in Process, and Finished Goods inventory accounts? Raw materials 2$ Work in process Finished goods $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later %24
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