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The amount paid to the labour force in May. Amount paid to the labour force eTextbook and Media

The amount paid to the labour force in May. Amount paid to the labour force eTextbook and Media

FINANCIAL ACCOUNTING
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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Last night, the sprinkler system at Plant A was accidentally set off. The ensuing deluge destroyed most of the cost records in Plant A for the month just completed (May). The plant manager has come to you in a panic-he has to complete his report for head office by the end of today. He wants you to give him the numbers he needs for his report. He can provide you with some fragments of information he has been able to salvage: Raw materials: Work in process: Finished goods: Manufacturing overhead: Accrued wages payable: Other information: Beginning Ending Beginning Sold in May Ending Beginning Beginning Ending $24,000 55,300 15,700 400,600 51,800 0 11,800 18,700 1. Total direct materials requisitions for the month were $180,500. 2. A total of 9,600 direct labour hours were worked during the month at an average wage of $15/hour. 3. Manufacturing overhead of $100,600 was incurred during the period. 4. On May 31, the ending inventory of work in process is $5,400.
Transcribed Image Text:Last night, the sprinkler system at Plant A was accidentally set off. The ensuing deluge destroyed most of the cost records in Plant A for the month just completed (May). The plant manager has come to you in a panic-he has to complete his report for head office by the end of today. He wants you to give him the numbers he needs for his report. He can provide you with some fragments of information he has been able to salvage: Raw materials: Work in process: Finished goods: Manufacturing overhead: Accrued wages payable: Other information: Beginning Ending Beginning Sold in May Ending Beginning Beginning Ending $24,000 55,300 15,700 400,600 51,800 0 11,800 18,700 1. Total direct materials requisitions for the month were $180,500. 2. A total of 9,600 direct labour hours were worked during the month at an average wage of $15/hour. 3. Manufacturing overhead of $100,600 was incurred during the period. 4. On May 31, the ending inventory of work in process is $5,400.
The amount paid to the labour force in May. Amount paid to the labour force $ eTextbook and Media
Transcribed Image Text:The amount paid to the labour force in May. Amount paid to the labour force $ eTextbook and Media
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