MODULE 4 ACTIVITY Instruction: Answer the following questions below. You can answer the activity either handwritten or encoded. The following account balances were taken from Cebu Wine factory for the quarter ending March 31, 20B. March 31 January 1 120,000.00 105,000.00 Raw Materials Work in Process 250,000.00 275,000.00 Finished Goods 170,000.00 290,000.00 Purchases - Raw Materials 110,000.00 Freight-In 5,000.00 Direct Labor 308,000.00 Indirect Labor 45,000.00 Indirect Materials 65,000.00 Amortization of Trademark 50,000.00 Rent Expense Factory Depreciation - Factory Depreciation - Office 25,000.00 40,000.00 48,000.00 1. How much is direct materials? 2. How much is prime cost? 3. How much is manufacturing overhead? 4. How much is the conversion cost? 5. How much is factory cost? 6. Hoe much is cost of goods manufactured? 7. How much is cost of goods sold?
MODULE 4 ACTIVITY Instruction: Answer the following questions below. You can answer the activity either handwritten or encoded. The following account balances were taken from Cebu Wine factory for the quarter ending March 31, 20B. March 31 January 1 120,000.00 105,000.00 Raw Materials Work in Process 250,000.00 275,000.00 Finished Goods 170,000.00 290,000.00 Purchases - Raw Materials 110,000.00 Freight-In 5,000.00 Direct Labor 308,000.00 Indirect Labor 45,000.00 Indirect Materials 65,000.00 Amortization of Trademark 50,000.00 Rent Expense Factory Depreciation - Factory Depreciation - Office 25,000.00 40,000.00 48,000.00 1. How much is direct materials? 2. How much is prime cost? 3. How much is manufacturing overhead? 4. How much is the conversion cost? 5. How much is factory cost? 6. Hoe much is cost of goods manufactured? 7. How much is cost of goods sold?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
![ll 5:26 ...
* 74%
Module 4 Acti...
MODULE 4 ACTIVITY
Instruction: Answer the following questions below. You can answer the activity
either handwritten or encoded.
The following account balances were taken from Cebu Wine factory for the quarter
ending March 31, 20B.
January 1
March 31
Raw Materials
120,000.00 105,000.00
Work in Process
250,000.00 275,000.00
Finished Goods
170,000.00 290,000.00
Purchases - Raw Materials
110,000.00
Freight-In
5,000.00
Direct Labor
308,000.00
Indirect Labor
45,000.00
Indirect Materials
65,000.00
Amortization of Trademark
50,000.00
25,000.00
Rent Expense Factory
Depreciation - Factory
Depreciation - Office
40,000.00
48,000.00
1. How much is direct materials?
2. How much is prime cost?
3. How much is manufacturing overhead?
4. How much is the conversion cost?
5. How much is factory cost?
6. Hoe much is cost of goods manufactured?
7. How much is cost of goods sold?
II](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F25b1295b-a07b-45c0-b400-fbd1283e18b2%2F46e35fc2-227e-4127-affe-5bbb82c448ae%2Fmn0e1l7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ll 5:26 ...
* 74%
Module 4 Acti...
MODULE 4 ACTIVITY
Instruction: Answer the following questions below. You can answer the activity
either handwritten or encoded.
The following account balances were taken from Cebu Wine factory for the quarter
ending March 31, 20B.
January 1
March 31
Raw Materials
120,000.00 105,000.00
Work in Process
250,000.00 275,000.00
Finished Goods
170,000.00 290,000.00
Purchases - Raw Materials
110,000.00
Freight-In
5,000.00
Direct Labor
308,000.00
Indirect Labor
45,000.00
Indirect Materials
65,000.00
Amortization of Trademark
50,000.00
25,000.00
Rent Expense Factory
Depreciation - Factory
Depreciation - Office
40,000.00
48,000.00
1. How much is direct materials?
2. How much is prime cost?
3. How much is manufacturing overhead?
4. How much is the conversion cost?
5. How much is factory cost?
6. Hoe much is cost of goods manufactured?
7. How much is cost of goods sold?
II
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