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he following cost data relate to ABC Products Company for the year ended June 30, 2005. Direct Materials                                                                  Br. 55, 600 Direct Labor                                                                              72,400 Factory Overhead                                                                     36,500 Work in process inventory, July 1, 2004                                   38,200 Work in process inventory, June 30, 2005                                34,800 Required: 1.     Calculate the manufacturing costs for the year. 2.     Calculate the cost of goods manufactured for the year ended June 30, 2005.

he following cost data relate to ABC Products Company for the year ended June 30, 2005. Direct Materials                                                                  Br. 55, 600 Direct Labor                                                                              72,400 Factory Overhead                                                                     36,500 Work in process inventory, July 1, 2004                                   38,200 Work in process inventory, June 30, 2005                                34,800 Required: 1.     Calculate the manufacturing costs for the year. 2.     Calculate the cost of goods manufactured for the year ended June 30, 2005.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following cost data relate to ABC Products Company for the year ended June 30, 2005.

Direct Materials                                                                  Br. 55, 600

Direct Labor                                                                              72,400

Factory Overhead                                                                     36,500

Work in process inventory, July 1, 2004                                   38,200

Work in process inventory, June 30, 2005                                34,800

Required:

1.     Calculate the manufacturing costs for the year.

2.     Calculate the cost of goods manufactured for the year ended June 30, 2005.

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