The accounting information system of Bell Co. reported the following cost and inventory data for the year: Costs Raw materials purchased Direct Labor $145,000 $123,000 $88,000 $163,000 Indirect labor Factory equipment maintenance and depreciation Factory rent Factory supplies Selling & administrative expenses Inventories Raw Materials Work in Process Finished Goods Required: Calculate the conversion costs. Beginning Balance $5,000 25,000 20,000 $75,000 55,000 33,000 15,000 36,000 6,000 100,000 Ending Balance $20,000 30,000 35,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The accounting information system of Bell Co. reported the following cost and inventory data for the year:
Costs
Raw materials purchased
Direct Labor
Indirect labor
Factory equipment maintenance and depreciation i
Factory rent
Factory supplies
Selling & administrative expenses
$145,000
$123,000
$88,000
O $163,000
Inventories
Raw Materials
Work in Process
Finished Goods
Required: Calculate the conversion costs.
Beginning Balance
$5,000
25,000
20,000
$75,000
55,000
33,000
15,000
36,000
6,000
100,000
Ending Balance
$20,000
30,000
35,000
Transcribed Image Text:The accounting information system of Bell Co. reported the following cost and inventory data for the year: Costs Raw materials purchased Direct Labor Indirect labor Factory equipment maintenance and depreciation i Factory rent Factory supplies Selling & administrative expenses $145,000 $123,000 $88,000 O $163,000 Inventories Raw Materials Work in Process Finished Goods Required: Calculate the conversion costs. Beginning Balance $5,000 25,000 20,000 $75,000 55,000 33,000 15,000 36,000 6,000 100,000 Ending Balance $20,000 30,000 35,000
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