The controller at Gina Rodriguez Manufacturing asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for August: Prime costs, August Total manufacturing costs, August $215,000 $362,000 Cost of goods manufactured, August $370,000 Cost of goods sold, August $345,000 Direct material inventory, August 31 $42,000 Work-in-process inventory, August 1 $56,000 Finished goods inventory, August 31 $138,000 Direct materials purchased, August $147,000 Direct labor costs, August $108,000 Compute for the month of August: a. Direct materials used, August. b. Direct material inventory, August 1.

The controller at Gina Rodriguez Manufacturing asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for August: Prime costs, August Total manufacturing costs, August $215,000 $362,000 Cost of goods manufactured, August $370,000 Cost of goods sold, August $345,000 Direct material inventory, August 31 $42,000 Work-in-process inventory, August 1 $56,000 Finished goods inventory, August 31 $138,000 Direct materials purchased, August $147,000 Direct labor costs, August $108,000 Compute for the month of August: a. Direct materials used, August. b. Direct material inventory, August 1.

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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