What is the cost of goods manufactured for the year ended DECEMBER 31, 2004 ? DIRECT MATERIALS USED TOTALED $65,750;DIRECT LABOR INCURRED TOTALED$199,400; MANUFACTURING OVERHEADTOTALED $344,800; WORK IN PROCESSINVENTORY ON JANUARY 1, 2004, WAS$186,100; AND WORK IN PROCESSINVENTORY ON DECEMBER 31, 2004, WAS$191,600. WHAT IS THE COST OF GOODSMANUFACTURED FOR THE YEAR ENDEDDECEMBER 31, 2004?

To calculate the Cost of Goods Manufactured (COGM) for the year ended December 31, 2004, use the…

Answered: DIRECT MATERIALS USED TOTALED $65,750;…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...

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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. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?
During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of $125,900. Overhead Is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
What are the total costs to account for if a companys beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?
What is the cost of goods manufactured for the year ended December 31 , 2004?
What is the cost of goods manufactured for the year ended December 31 , 2004? General accounting
Direct materials used totaled $65,750; direct labor incurred totaled $199,400; manufacturing overhead totaled $344,800; Work in Process Inventory on January 1, 2004, was $186,100; and Work in Process Inventory on December 31, 2004, was $191,600. What is the cost of goods manufactured for the year ended December 31, 2004?
General Accounting
Question: Consider the following information: direct materials used totaled $124,700; direct labor amounted to $412,000; overhead was computed to be $789,600; Work in Process Inventory on March 1, 2014, was $482,500; and Work in Process Inventory on March 31, 2014, was $597,100. What was the cost of goods manufactured?
Consider the following information: direct materials used totaled $124,700; direct labor amounted to $412,000; overhead was computed to be $789,600; Work in Process Inventory on March 1, 2014, was $482,500; and Work in Process Inventory on March 31, 2014, was $597,100. What was the cost of goods manufactured? a. $1,211,700 b. $729,200 c. $1,440,900 The cost of goods sold for Frye Manufacturing in the year was $373,000. The January 1 Finished Goods Inventory balance was $30,200, and the December 31 Finished Goods Inventory balance was $24,000. Calculate the cost of goods manufactured during the year. A. $397,000 B. $54,200 C. $366,800 D. $6,200
If beginning and ending work in process inventories are $6,400 and $16,400, respectively, and cost of goods manufactured is $185,000, what is the total manufacturing cost for the period? For
What was the cost of goods m?

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