Given below is the manufacturing data for Obama Manufacturing: Inventory Costs Beginning Ending Direct Material Inventory $85,000 $105,000 Work-in-Progress Inventory $175,000 $130,000 Finished Goods Inventory $290,000 $370,000 Additional cost data: Cost Type Amount Purchased Direct Material $310,000 Direct Labor $165,000 Factory Overhead Net Sales $185,000 $950,000 Period Cost $270,000 What is the net profit?

Given below is the manufacturing data for Obama Manufacturing: Inventory Costs Beginning Ending Direct Material Inventory $85,000 $105,000 Work-in-Progress Inventory $175,000 $130,000 Finished Goods Inventory $290,000 $370,000 Additional cost data: Cost Type Amount Purchased Direct Material $310,000 Direct Labor $165,000 Factory Overhead Net Sales $185,000 $950,000 Period Cost $270,000 What is the net profit?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Ramo Manufacturing reported the following:$850.000RevenueBeginning inventory of direct inaterials, January 1,20,0002015256,000Purchases of direct materialsEnding inventory of direct materials, December 31,18,000201521.000Direct manufacturing labor42,000indirect manufacturing costs2015Beginning inventory of finished goods, January 1,40,000314,000Costs fo goods manufactured2015Ending inventory of finished goods, December 31,45,000150,000Operating costsa) What is Romo's Direct Materials Used? $b) What is Romo's Manufacturing Costs Incurred? $c) What is Romo's Cost of Goods Sold? $You must show work for credit.
Here are selected data for Towry Corporation: Beginning raw materials inventory $ 37,000 Beginning work in process inventory $61,500 Beginning finished goods inventory $56,300 Cost of materials purchased $151,000 Cost of direct materials requisitioned $91,300 Direct labor incurred $125,000 Actual manufacturing overhead $160,000 Cost of goods manufactured $287,000 Cost of goods sold $265,000 Manufacturing overhead rate (% of direct labor) 125% What is the ending work in process inventory balance? Select one: a. $151,500 b. $207,450 c. $211,200 d. $156,250 e. $147,050
Greer Company developed the following data for the current year: Beginning Work in Process Inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs $136,000 208,000 176,000 184,000 900,000 856,000 What is Greer Company's direct labor cost for the year? OA) $464,000 OB) $508,000 OC) $472,000 OD) $600,000
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Given below is the manufacturing data
Please help me this question general accounting
Please solve this question general accounting
Assume the following: Purchases of raw materials $ 38,000 Indirect materials used in production $ 6,000 Beginning raw materials inventory $ 10,000 Ending raw materials inventory $ 14,000 What is the direct materials used in production?
I want correct solution
Factory overhead:185000 , direct Labor:165000
What is the net profit