Answer only 4,5,6 and 7.4.how much is the conversion cost?5.how much is factory cost?6.how much is cost of goods manufactured?7.how much is cost of goods sold? ll 5:26 ...* 74%Module 4 Acti...MODULE 4 ACTIVITYInstruction: Answer the following questions below. You can answer the activityeither handwritten or encoded.The following account balances were taken from Cebu Wine factory for the quarterending March 31, 20B.January 1March 31Raw Materials120,000.00 105,000.00Work in Process250,000.00 275,000.00Finished Goods170,000.00 290,000.00Purchases - Raw Materials110,000.00Freight-In5,000.00Direct Labor308,000.00Indirect Labor45,000.00Indirect Materials65,000.00Amortization of Trademark50,000.0025,000.00Rent Expense FactoryDepreciation - FactoryDepreciation - Office40,000.0048,000.001. How much is direct materials?2. How much is prime cost?3. How much is manufacturing overhead?4. How much is the conversion cost?5. How much is factory cost?6. Hoe much is cost of goods manufactured?7. How much is cost of goods sold?II

Indirect expenses = Amortization of trademark + Rent expenses of Factory+ Depreciation of…

The following account balances were taken from Cebu Wine factory for the quarter ending March 31, 20B. January 1 March 31 Raw Materials 120,000.00 105,000.00 Work in Process 250,000.00 275,000.00 170,000.00 290,000.00 Finished Goods Purchases - Raw Materials 110,000.00 Freight-In 5,000.00 Direct Labor Indirect Labor 45,000.00 Indirect Materials 65,000.00 Amortization of Trademark 50,000.00 Rent Expense Factory Depreciation - Factory Depreciation - Office 25,000.00 40,000.00 48,000.00

The following account balances were taken from Cebu Wine factory for the quarter ending March 31, 20B. January 1 March 31 Raw Materials 120,000.00 105,000.00 Work in Process 250,000.00 275,000.00 170,000.00 290,000.00 Finished Goods Purchases - Raw Materials 110,000.00 Freight-In 5,000.00 Direct Labor Indirect Labor 45,000.00 Indirect Materials 65,000.00 Amortization of Trademark 50,000.00 Rent Expense Factory Depreciation - Factory Depreciation - Office 25,000.00 40,000.00 48,000.00

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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Question

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Answer only 4,5,6 and 7. 4.how much is the conversion cost? 5.how much is factory cost? 6.how much is cost of goods manufactured? 7.how much is cost of goods sold?

ll 5:26 ...
* 74%
Module 4 Acti...
MODULE 4 ACTIVITY
Instruction: Answer the following questions below. You can answer the activity
either handwritten or encoded.
The following account balances were taken from Cebu Wine factory for the quarter
ending March 31, 20B.
January 1
March 31
Raw Materials
120,000.00 105,000.00
Work in Process
250,000.00 275,000.00
Finished Goods
170,000.00 290,000.00
Purchases - Raw Materials
110,000.00
Freight-In
5,000.00
Direct Labor
308,000.00
Indirect Labor
45,000.00
Indirect Materials
65,000.00
Amortization of Trademark
50,000.00
25,000.00
Rent Expense Factory
Depreciation - Factory
Depreciation - Office
40,000.00
48,000.00
1. How much is direct materials?
2. How much is prime cost?
3. How much is manufacturing overhead?
4. How much is the conversion cost?
5. How much is factory cost?
6. Hoe much is cost of goods manufactured?
7. How much is cost of goods sold?
II

Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.

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