The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: $331,250 193,120 165,630 71,880 10,930 102,030 190,470 Sales Gross profit Cost of goods manufactured Indirect labor Factory depreciation Materials purchased Total manufacturing costs for the period 12 590

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 17E: Cost flow relationships The following information is available for the first month of operations of...
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Cost Flow Relationships
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
Sales
$331,250
193,120
Gross profit
Cost of goods manufactured
165,630
Indirect labor
71,880
10,930
102,030
190,470
13,580
Factory depreciation
Materials purchased
Total manufacturing costs for the period
Materials inventory, ending
Using the above information, determine the following missing amounts:
a. Cost of goods sold
b. Finished goods inventory at the end of the month
c. Direct materials cost
d. Direct labor cost
e. Work in process inventory at the end of the month
$
Transcribed Image Text:Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $331,250 193,120 Gross profit Cost of goods manufactured 165,630 Indirect labor 71,880 10,930 102,030 190,470 13,580 Factory depreciation Materials purchased Total manufacturing costs for the period Materials inventory, ending Using the above information, determine the following missing amounts: a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month $
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