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Please find the following: Conversion Cost Manufacturing Cost Cost of Goods Sold Cost of Goods Manufactured

Please find the following: Conversion Cost Manufacturing Cost Cost of Goods Sold Cost of Goods Manufactured

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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Please find the following:

Conversion Cost

Manufacturing Cost

Cost of Goods Sold

Cost of Goods Manufactured

A partial trial balance of the Brown Manufacturing Corporation as of December 31. 2000 follows: PROFIT Purchase of raw materials Direct labor Indirect labor Factory rent Office rent Depreciation - machinery Depreciation - office equipment Insurance factory Salespersons' salaries Repairs and maintenance - machinery Administrative salaries Miscellaneous factory Miscellaneous office Sales 160,000 225.000 40,000 ৪4.000 48,000 35,000 8,000 18,000 72,000 12,000 50,000 26,000 40,000 850,000 January 1 inventories are: Raw materials Work in process Finished goods P 45,000 30,000 125,000 December 31 inventories are: Raw materials Work in process Finished goods P 40,000 35,000 110,000 .......... ....... .........
Transcribed Image Text:A partial trial balance of the Brown Manufacturing Corporation as of December 31. 2000 follows: PROFIT Purchase of raw materials Direct labor Indirect labor Factory rent Office rent Depreciation - machinery Depreciation - office equipment Insurance factory Salespersons' salaries Repairs and maintenance - machinery Administrative salaries Miscellaneous factory Miscellaneous office Sales 160,000 225.000 40,000 ৪4.000 48,000 35,000 8,000 18,000 72,000 12,000 50,000 26,000 40,000 850,000 January 1 inventories are: Raw materials Work in process Finished goods P 45,000 30,000 125,000 December 31 inventories are: Raw materials Work in process Finished goods P 40,000 35,000 110,000 .......... ....... .........
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