Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,200,000 52,000 68,000 88,000 239,000 287,000 43,000 34,000 68,000 109,000 174,000 62,000 82,000 106,000

Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,200,000 52,000 68,000 88,000 239,000 287,000 43,000 34,000 68,000 109,000 174,000 62,000 82,000 106,000

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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he following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 14,500 $ 18,250 Beginning work in process inventory 18,200 22,650 Beginning raw materials inventory (direct materials) 9,600 14,400 Rental cost on factory equipment 33,750 23,350 Direct labor 22,600 43,400 Ending finished goods inventory 21,500 15,300 Ending work in process inventory 25,300 21,400 Ending raw materials inventory 7,300 7,400 Factory utilities 11,850 17,500 Factory supplies used (indirect materials) 13,300 5,400 General and administrative expenses 29,500 53,500 Indirect labor 1,950 7,720 Repairs—Factory equipment 5,180 3,800 Raw materials purchases 39,000 53,500 Selling expenses 58,400 49,900 Sales 225,030 317,510…
Compute ending work in process inventory for a manufacturer using the following information. Raw materials purchased Direct materials used Direct labor used Factory overhead Work in process inventory, beginning Cost of goods manufactured Ending Work in Process Inventory is Computed as: Work in process inventory, beginning Total manufacturing costs Total cost of work in process Work in process inventory, ending $ 128,800 72,800 58,000 99,900 26,800 234,000
Cost of Goods Manufactured and Cost of Goods Sold For each of the following unrelated companies, compute the cost of goods manufactured and the cost of goods sold: A B C Selling expenses $860 $1,160 $960 Factory insurance 260 245 140 Ending finished goods inventory 810 750 515 Non-factory administrative expenses 250 450 350 Direct labor 2,920 3,120 2,480 Beginning materials inventory 880 1,030 710 Beginning work in process inventory 1,120 840 1,070 Indirect materials used 390 420 230 Factory utilities 600 635 510 Factory depreciation 730 760 380 Ending work in process inventory 1,360 790 950 Ending materials inventory 440 710 410 Indirect labor 425 280 160 Beginning finished goods inventory 850 725 480 Factory repairs and maintenance 215 230 175 Net delivered cost of materials purchased 3,140 4,410 2,870 Factory supplies used 330 310 210 A B C Direct materials used Answer Answer Answer Direct labor Answer Answer Answer…
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Current Attempt in Progress Oriole Company has the following data: Direct labor Direct materials used Total manufacturing overhead Ending work in process inventory Beginning work in process inventory (a) Compute total manufacturing costs. Total manufacturing costs $ $83,600 92,400 71,500 33,000 49,500
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Subject -acounting
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Indicate missing amount for case 1
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