The controller at Emporia Precision Parts asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for June: Prime costs, June Total manufacturing costs, June $188,000 298,000 Cost of goods manufactured, June 300,000 Cost of goods sold, June 269,000 Direct material inventory, June 30 Work-in-process inventory, June 1 Finished goods inventory, June 30 Direct materials purchased, June Direct labor costs, June Compute for the month of June: a. Direct materials used, June. b. Direct material inventory, June 1. 36,000 45,000 110,000 125,000 95,000

The controller at Emporia Precision Parts asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for June: Prime costs, June Total manufacturing costs, June $188,000 298,000 Cost of goods manufactured, June 300,000 Cost of goods sold, June 269,000 Direct material inventory, June 30 Work-in-process inventory, June 1 Finished goods inventory, June 30 Direct materials purchased, June Direct labor costs, June Compute for the month of June: a. Direct materials used, June. b. Direct material inventory, June 1. 36,000 45,000 110,000 125,000 95,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 3CE: Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month...

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