The following inventory and cost data for the just completed year are taken from the accounting records of XYZ Company: Inventories Increase in raw materials Increase in work in process Decrease in finished goods Costs incurred Advertising expense Direct labour cost Purchases of raw materials Rent, factory building Indirect factory labour Sales commissions Utilities, factory $4,000 32,000 90,000 $200,000 180,000 264,000 60,000 112,600 70,000 18.000

The following inventory and cost data for the just completed year are taken from the accounting records of XYZ Company: Inventories Increase in raw materials Increase in work in process Decrease in finished goods Costs incurred Advertising expense Direct labour cost Purchases of raw materials Rent, factory building Indirect factory labour Sales commissions Utilities, factory $4,000 32,000 90,000 $200,000 180,000 264,000 60,000 112,600 70,000 18.000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 13E

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