Required information [The following information applies to the questions displayed below.} Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January. Finished goods Work in process Raw material January 1 January 31 $125,000 $117,000 237,000 132,000 251,000 124, e00 The following additional data pertain to January operations. Raw material purchased Direct labor $191,000 400,000 165,000 110,000 Actual manufacturing overhead Actual selling and administrative expenses The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year. Compute the total manufacturing cost for January.
Required information [The following information applies to the questions displayed below.} Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January. Finished goods Work in process Raw material January 1 January 31 $125,000 $117,000 237,000 132,000 251,000 124, e00 The following additional data pertain to January operations. Raw material purchased Direct labor $191,000 400,000 165,000 110,000 Actual manufacturing overhead Actual selling and administrative expenses The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year. Compute the total manufacturing cost for January.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
Bodin Company manufactures finger splints for kids who get
tendonitis from playing video games. The firm had the following
inventories at the beginning and end of the month of January.
Finished goods
Work in process
Raw material
January 1 January 31
$125,000
237,000
132,000
$117,000
251,000
124, 000
The following additional data pertain to January operations.
Raw material purchased
Direct labor
Actual manufacturing overhead
Actual selling and administrative expenses
$191,000
400,000
165,000
110,000
The company applies manufacturing overhead at the rate of 60
percent of direct-labor cost. Any overapplied or underapplied
manufacturing overhead is accumulated until the end of the year.
2. Compute the total manufacturing cost for January.
Total manufacturing cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F354690be-5046-478b-acdb-02c62dd239f4%2F76fd7d6e-1849-4de5-9410-1fe82b042066%2F0kft5ma_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Bodin Company manufactures finger splints for kids who get
tendonitis from playing video games. The firm had the following
inventories at the beginning and end of the month of January.
Finished goods
Work in process
Raw material
January 1 January 31
$125,000
237,000
132,000
$117,000
251,000
124, 000
The following additional data pertain to January operations.
Raw material purchased
Direct labor
Actual manufacturing overhead
Actual selling and administrative expenses
$191,000
400,000
165,000
110,000
The company applies manufacturing overhead at the rate of 60
percent of direct-labor cost. Any overapplied or underapplied
manufacturing overhead is accumulated until the end of the year.
2. Compute the total manufacturing cost for January.
Total manufacturing cost
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