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 $147,000 Total manufacturing costs, June 267,000 Cost of goods manufactured, June 270,000 Cost of goods sold, June 212,000 15,000 9,000 72,000 84,000 Direct labor costs, June 60,000 Direct material inventory, June 30 Work-in-process inventory, June 1 Finished goods inventory, June 30 Direct materials purchased, June Compute for the month of June: a. Direct materials used, June. b. Direct material inventory, June 1. c. Conversion costs, June. d. Work-in-process inventory, June 30.

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 $147,000 Total manufacturing costs, June 267,000 Cost of goods manufactured, June 270,000 Cost of goods sold, June 212,000 15,000 9,000 72,000 84,000 Direct labor costs, June 60,000 Direct material inventory, June 30 Work-in-process inventory, June 1 Finished goods inventory, June 30 Direct materials purchased, June Compute for the month of June: a. Direct materials used, June. b. Direct material inventory, June 1. c. Conversion costs, June. d. Work-in-process inventory, June 30.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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