Below given is the manufacturing data Question 11:Below given is the manufacturing data:Beginning EndingDirect material inventory 180,000 220,000240,000Work-in progress inventory 360,000Finished goods inventory 600,000800,000Purchased direct material 600,000Direct labor340,000Factory overhead380,000Net sales2,000,000Period cost560,000What is the cost of goods manufactured?

Explanation of Direct Materials Inventory: This represents the raw materials that will be directly…

Answered: Question 11: Below given is the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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You have the following data: Cost of goods sold Direct labour Direct materials Cost of goods manufactured Work-in-process ending Finished goods ending Manufacturing overhead Which of the following represents the beginning work-in-process inventory? O $25. $15. O $20. $55. $70 $20 $15 $80 $10 $15 $30
Assume the following information from a schedule of cost of goods manufactured: Cost of goods manufactured Beginning work in process inventory Direct materials used in production Manufacturing overhead applied to work in process Total manufacturing costs added to production What is the ending work in process inventory? Multiple Choice $158,800 $68,800 $98,800 $118,800 $ 158,000 $ 26,800 $ 50,000 $ 90,000 $ 200,000
A. Total manufacturing cost? B. Work in Process, 01/01/x1? C. Work in Process, 12/31/x1?
Assume the following information from a schedule of cost of goods manufactured: Beginning work in process inventory $ 30,000 Total manufacturing costs added to production $ 200,000 Ending work in process inventory $ 44,000 What is the cost of goods manufactured?
Oriole Company reported the following amounts for May: Raw materials purchased Beginning raw materials inventory Ending raw materials inventory Direct labor incurred Indirect materials requisitioned and used Actual manufacturing overhead costs Beginning work-in-process inventory Ending work-in-process inventory $259000 O $263100. O $259000. $261700. O $258600. 12500 8400 56000 4500 42000 15600 12500 How much is the cost of direct materials used in production?
Cullumber Company reported the following amounts for May: Raw materials purchased Beginning raw materials inventory Ending raw materials inventory Direct labor incurred Indirect materials requisitioned and used Actual manufacturing overhead costs Beginning work-in-process inventory Ending work-in-process inventory $257000 $257000. $256800. ◆ $259900. O $261100. 12300 8200 54000 4300 40000 15400 12300 How much is the cost of direct materials used in production?
Please use excel to create a Schedule of Cost of Goods Manufactured below using the following date; Beginning raw materials inventory Beginning work-in-process inventory Beginning finished goods inventory Raw Materials Purchased Wages Paid Applied Manufacturing Overhead Ending raw materials inventory Ending work-in-process inventory Ending finished goods inventory 40,000 70,000 250,000 285,000 155,000 450,000 50,000 100,000 225,000
Product Cost Flows. Complete the following T-accounts.
1.21 Use the following information for a manufacturer to calculate the cost of goods produced and sold: Remainder Original Final Immediate materials 27000 28000 Stocks of semi-finished goods 40000 32000 Stock of finished goods 18000 25000 Other information Purchase of direct materials 73000 Instant work 88000 General industrial expenses 43000
Please provide answer this general accounting question
Accounting for materials Analyze the following T-accounts to determine the amount of direct and indirect materials used.
What is Cost of Goods Sold?

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