Kokey's accounting records shows the following: Increase of Raw Materials of 4,500; decrease in Finished Goods Inventory of 15,000; Purchases of raw materials of 129,000; Direct labor payroll of 60,000; Factory overhead of 900,000 (excludes indirect labor and indirect material of 1,000 and 2,000, respectively); Freight out of 13,500; Transportation in of 6,000 and decrease in WIP of 8,000. The cost of direct materials used for the period is?
Kokey's accounting records shows the following: Increase of Raw Materials of 4,500; decrease in Finished Goods Inventory of 15,000; Purchases of raw materials of 129,000; Direct labor payroll of 60,000; Factory overhead of 900,000 (excludes indirect labor and indirect material of 1,000 and 2,000, respectively); Freight out of 13,500; Transportation in of 6,000 and decrease in WIP of 8,000. The cost of direct materials used for the period is?
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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Kokey's accounting records shows the following: Increase of Raw Materials of 4,500; decrease in Finished Goods Inventory of 15,000; Purchases of raw materials of 129,000; Direct labor payroll of 60,000; Factory
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