Chapter 18 Introduction to Managerial Accounting913EX 18-12 Cost of direct materials used in production for a manufacturingOBJ. 4companyOkaboji Manufacturing Company reported the following materials data for the monthending November 30:Materials purchased$490,900Materials inventory, November 164,900Materials inventory, November 3081,300Determine the cost of direct materials used in production by Okaboji during the monthended November 30.

Direct material cost: The direct material cost is the cost of the material which is directly…

Answered: Chapter 18 Introduction to Managerial…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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%24 %24 %24 3. 3oration haS the following Information for the month of March. Cost of materials used in production $19,369 Direct labor 26,541 Factory overhead 37,168 Work in process inventory, March 1 22,586 Work in process inventory, March 31 19,023 Finished goods inventory, March 1 23,026 Finished goods inventory, March 31 27,299 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. earch al 43°F 2) 114
The following information is available for Blossom Manufacturing Company April 1 April 30 Raw materials inventory $10,200 $14.800 Work in process inventory 5,800 4,000 Materials purchased in April 590.300 Direct labour in April 63,000 Manufacturing overhead in April 184,000 Prepare the east of goods manufactured schedule for the month of April BLOSSOM MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended April 30
A-3
EX 18-14 Cost of goods manufactured for a manufacturing company OBJ. 4 The following information is available for Ethtridge Manufacturing Company for the month ending July 31: Cost of direct materials used in production $1,150,000 Direct labor 966,000 Work in process inventory, July 1 316,400 000.0 Work in process inventory, July 31 355,500 Total factory overhead 490,500 Determine Ethtridge's cost of goods manufactured for the month ended July 31.
The subject is Managerial Accounting
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On ff Company Company Materials inventory, December 1 $81,110 $109,500 Materials inventory, December 31 (a) 123,730 Materials purchased 206,020 (a) Cost of direct materials used in production 217,370 (b) Direct labor 305,780 246,380 Factory overhead 94,900 122,640 Total manufacturing costs incurred in December (b) 708,470 Total manufacturing costs 773,780 773,780 Work in process inventory, December 1 155,730 263,900 Work in process inventory, December 31 131,400 (c) Cost of goods manufactured (c) 701,900 Finished goods inventory, December 1 137,080 122,640 Finished goods inventory, December 31 143,560 (d) Sales 1,195,560 1,095,000 Cost of goods sold (d) 708,470 Gross profit (e) (e) Operating expenses 155,730 (f) Net income (f) 243,090
Question 1 Zulfiqar Inc. has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work in Process Finished Goods Cost of Goods Sold Total Direct materials 4,020 12,810 22,890 39,720 Direct labor 4,760 17,080 30,520 52,360 Manufacturing overhead applied 3,220 7,130 12,650 23,000 Total 12,000 37,020 66,060 115,080 Manufacturing overhead for the month was underapplied by Rs. 4,000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. Calculate amount of work in process inventory at the end of September after allocation of any underapplied or overapplied manufacturing…
Question 1 Part I Advent Corporation has provided the following data for its activities for the month of May.Beginning Raw Materials Inventory $75,000Ending Raw Materials Inventory $45,000Purchases of Raw Materials $550,000Direct Labour Incurred $120,000Manufacturing Overheads Incurred $250,000Beginning Work in Process $60,000Ending Work in Process $140,000 Required: Prepare a schedule of the Cost of Goods Manufactured for the month of May
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Vd Subject: accounting

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