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?

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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eBook Print Item Question Content Area A company has the following transactions during the week. Purchase of $1,100 raw materials inventory Assignment of $400 of raw materials inventory to Job 5 Payroll for 25 hours with $1,250 assigned to Job 5 Factory utility bills of $760 Overhead applied at the rate of $10 per hour What is the cost assigned to Job 5 at the end of the week? $fill in the blank 1
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