?? Compute the amount of direct materials usedduring September if $45,000 of raw materials werepurchased during the month and the inventorieswere as follows.InventoriesBalance Sept. 1 Balance Sept. 30Raw Material$22,000$19,000Work-in-$31,000$34,000ProcessFinished Goods $42,000$47,000

We have given, Beginning raw material inventory (Sept 1 ) = $22,000Raw material purchased =…

Answered: Compute the amount of direct materials…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...

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Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Direct materials purchased during the year, 548,000; beginning inventory of direct materials, 36,000; and ending inventory of direct materials, 23,000. Totals from other budgets included:
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is 3,000,000. The conversion cost for the period in the Rolling Department is 462,600 (275,000 factory overhead applied and 187,600 direct labor). The total cost transferred to Finished Goods for the period was 3,392,400. The Rolling Department had a beginning inventory of 163,800. a. Journalize for the Rolling Department (1) the cost of transferred-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods. b. Determine the balance of Work in ProcessRolling at the end of the period.
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Compute the amount of direct materials used during August if $25,000 of raw materials were purchased during the month and the inventories were as follows. Balance Aug. 1 Balance Aug. 31 Inventories Raw Material $ 5,000 $3,000 Work-in-Process 13,000 16,000 Finished Goods 25,000 27,000 a. $27,000 b. $19,000 c. $16,000 d. $23,000
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Compute the amount of Direct materials
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Compute the amount of direct materials used during September if $45,000 of raw materials were purchased during the month and the inventories were as follows. Inventories Balance Sept. 1 Balance Sept. 30 Raw Material $22,000 $19,000 Work-in- $31,000 $34,000 Process Finished Goods $42,000 $47,000