The following data was taken from the books of Rocka Ltd for the year ended December 31, 2010 Inventories Raw Materials Work in process Finished Goods Select one: a. $42,600 b. $124,000* Ending $30,400 $10,000 Costs incurred during the year are as follows: Raw materials purchased Direct manufacturing wages Manufacturing overhead Total manufacturing costs to account for is: Oc. $178,400 Beginning 54,400 20,300 23,200 15,200 $40,500 20,500 42,600

The following data was taken from the books of Rocka Ltd for the year ended December 31, 2010 Inventories Raw Materials Work in process Finished Goods Select one: a. $42,600 b. $124,000* Ending $30,400 $10,000 Costs incurred during the year are as follows: Raw materials purchased Direct manufacturing wages Manufacturing overhead Total manufacturing costs to account for is: Oc. $178,400 Beginning 54,400 20,300 23,200 15,200 $40,500 20,500 42,600

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Description: 2out ofestionon 13ct10:14←+1 (876) 509-6824Yesterday, 10:00 PMO d. $91,200The following data was taken from the books of Rocka Ltd for the year ended December 31, 2010InventoriesRaw MaterialsWork in processFinished GoodsSelect one:Costs incurred dur

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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ces The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials. Work in process Finished goods Beginning $ 7,000 $ 10,000 $ 20,000 Required 1 Required 2 Required 3 Ending $ 15,000 $ 5,000 $ 35,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Mason Company Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Prepare a schedule of cost of goods manufactured. Assume all raw materials used…
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1. Using weighted average method, how much is the total cost of Work in Process Inventory, End?
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Given the following information, determine the cost of goods manufactured. Direct Labor Incurred $64,000 180,000 Manufacturing Overhead Incurred Direct Materials Used 155,000 197,000 98,000 220,500 110,000 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Work-in - Process Inventory, Jan. 1 Work-in - Process Inventory, Dec. 31 O A. $185,000 B. $509,500 OC. $289,000 O D. $399,000
Subject : Accounting
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