! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Note: Assume all raw materials were used as direct materials. Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials purchased $ 127,100 Direct labor 95,800 Factory overhead 44,400 Beginning of Year End of Year $ 7,800 15,600 12,100 QS 18-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $44,400 consists of Indirect labor of $21,800, Depreciation expense-Factory of $16,800, and Factory utilities of $5,800. a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured. Required A Required B Compute total manufacturing costs. Complete this question by entering your answers in the tabs below. Total manufacturing costs $ 11,100 10,800 7,300

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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5
Required information
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
Note: Assume all raw materials were used as direct materials.
Inventories
Raw materials inventory
Work in process inventory
Finished goods inventory
Activity during current year
Raw materials purchased $ 127,100
Direct labor
95,800
44,400
Factory overhead
Beginning
of Year
$ 7,800
15,600
12,100
QS 18-17 (Algo) Schedule of cost of goods manufactured LO P2
Factory overhead of $44,400 consists of Indirect labor of $21,800, Depreciation expense-Factory of $16,800, and Factory utilities of
$5,800.
Required A Required B
a. Compute total manufacturing costs.
b. Prepare a schedule of cost of goods manufactured.
Compute total manufacturing costs.
End of Year
$11,100
10,800
7,300
Complete this question by entering your answers in the tabs below.
Total manufacturing costs
< Required A
Required B >
Transcribed Image Text:5 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Note: Assume all raw materials were used as direct materials. Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials purchased $ 127,100 Direct labor 95,800 44,400 Factory overhead Beginning of Year $ 7,800 15,600 12,100 QS 18-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $44,400 consists of Indirect labor of $21,800, Depreciation expense-Factory of $16,800, and Factory utilities of $5,800. Required A Required B a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured. Compute total manufacturing costs. End of Year $11,100 10,800 7,300 Complete this question by entering your answers in the tabs below. Total manufacturing costs < Required A Required B >
5
Required information
a. Compute total manufacturing costs.
b. Prepare a schedule of cost of goods manufactured.
Complete this question by entering your answers in the tabs below.
Required A Required B
Prepare a schedule of cost of goods manufactured.
Direct materials.
Schedule of Cost of Goods Manufactured
Raw materials available for use
Factory overhead
Total factory overhead
Cost of goods manufactured
< Required A
Required B >
Transcribed Image Text:5 Required information a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of cost of goods manufactured. Direct materials. Schedule of Cost of Goods Manufactured Raw materials available for use Factory overhead Total factory overhead Cost of goods manufactured < Required A Required B >
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