The balances in the perpetual inventory accounts of Anditon Manufacturing Corporation at the beginning and end of the current year are as follows: Inventory accounts: Materials Work in Process Finished Goods Inventory Account: Materials Inventory Direct Labor The total dollar amounts debited and credited during the year to the accounts used in recording manufacturing activities are as follows: Manufacturing Overhead Work in Process Inventory Finished Goods Inventory End of Year $ 126,000 109,000 325,000 Beginning of Year $ 222,000 75,000 238,000 Required A Required B Debit Entries $ 2,410,000 1,189,000 893,600 ? ? Credit Entries Required: a. Using these data, compute direct materials purchased, direct materials used, payments of direct labor payrolls, direct labor cost assigned to production, total manufacturing costs charged to the work in process inventory account during the year, the cost of finished goods manufactured, cost of goods sold, the total amount to be classified as inventory in the year-end balance sheet. b. Prepare a schedule of the cost of finished goods manufactured. $ ? 992,000 893,600 ? ? Complete this question by entering your answers in the tabs below. Using these data, compute direct materials purchased, direct materials used, payments of direct labor payrolls, direct labor cost assigned to production, total manufacturing costs charged to the work in process inventory account during the year, the cost of finished goods manufactured, cost of goods sold, the total amount to be classified as inventory in the year-end balance sheet. Show less A
The balances in the perpetual inventory accounts of Anditon Manufacturing Corporation at the beginning and end of the current year are as follows: Inventory accounts: Materials Work in Process Finished Goods Inventory Account: Materials Inventory Direct Labor The total dollar amounts debited and credited during the year to the accounts used in recording manufacturing activities are as follows: Manufacturing Overhead Work in Process Inventory Finished Goods Inventory End of Year $ 126,000 109,000 325,000 Beginning of Year $ 222,000 75,000 238,000 Required A Required B Debit Entries $ 2,410,000 1,189,000 893,600 ? ? Credit Entries Required: a. Using these data, compute direct materials purchased, direct materials used, payments of direct labor payrolls, direct labor cost assigned to production, total manufacturing costs charged to the work in process inventory account during the year, the cost of finished goods manufactured, cost of goods sold, the total amount to be classified as inventory in the year-end balance sheet. b. Prepare a schedule of the cost of finished goods manufactured. $ ? 992,000 893,600 ? ? Complete this question by entering your answers in the tabs below. Using these data, compute direct materials purchased, direct materials used, payments of direct labor payrolls, direct labor cost assigned to production, total manufacturing costs charged to the work in process inventory account during the year, the cost of finished goods manufactured, cost of goods sold, the total amount to be classified as inventory in the year-end balance sheet. Show less A
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The balances in the perpetual inventory accounts of Anditon Manufacturing Corporation at the beginning and end of the current year
are as follows:
Inventory accounts:
Materials
Work in Process
Finished Goods Inventory
Account:
Materials Inventory
Direct Labor
The total dollar amounts debited and credited during the year to the accounts used in recording manufacturing activities are as
follows:
Manufacturing Overhead
Work in Process Inventory
Finished Goods Inventory
End of Year
$ 126,000
109,000
325,000
Beginning of Year
$ 222,000
75,000
238,000
Required A
Required B
Debit Entries
$ 2,410,000
1,189,000
893,600
?
?
Credit Entries
Required:
a. Using these data, compute direct materials purchased, direct materials used, payments of direct labor payrolls, direct labor cost
assigned to production, total manufacturing costs charged to the work in process inventory account during the year, the cost of
finished goods manufactured, cost of goods sold, the total amount to be classified as inventory in the year-end balance sheet.
b. Prepare a schedule of the cost of finished goods manufactured.
$ ?
992,000
893,600
?
?
Complete this question by entering your answers in the tabs below.
Using these data, compute direct materials purchased, direct materials used, payments of direct labor payrolls, direct labor
cost assigned to production, total manufacturing costs charged to the work in process inventory account during the year, the
cost of finished goods manufactured, cost of goods sold, the total amount to be classified as inventory in the year-end balance
sheet.
Show less A
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