Given the following information for 20X5, calculate the direct materials purchased. Cost of goods sold $610,000 Cost of goods manufactured 589,000 Direct labor 124,000 153,000 217,000 196,000 81,000 70,000 35,000 22,000 Manufacturing overhead costs Finished goods inventory, January 1, 20X5 Finished goods inventory, December 31, 20X5 Work in process inventory, January 1, 20X5 Work in process inventory, December 31, 20X5 Materials inventory, January 1, 20X5 Materials inventory, December 31, 20X5 Select one: a. $312,000 b. $288,000

Given the following information for 20X5, calculate the direct materials purchased. Cost of goods sold $610,000 Cost of goods manufactured 589,000 Direct labor 124,000 153,000 217,000 196,000 81,000 70,000 35,000 22,000 Manufacturing overhead costs Finished goods inventory, January 1, 20X5 Finished goods inventory, December 31, 20X5 Work in process inventory, January 1, 20X5 Work in process inventory, December 31, 20X5 Materials inventory, January 1, 20X5 Materials inventory, December 31, 20X5 Select one: a. $312,000 b. $288,000

Name: Given the following information for 20X5, calculate the direct materi
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Description: Given the following information for 20X5, calculate the direct materials purchased.$610,000Cost of goods soldCost of goods manufactured589,000Direct labor124,000153,000217,000196,00081,00070,00035,00022,000Manufacturing overhead costsFinished goods

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...

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