The following T-accounts record the operations of Sunland Co.: Assume all raw materials are direct materials. Raw Materials Beginning Balance   10,546             ?????                 68,542     Ending Balance   13,892           Work in Process Beginning Balance   18,168         Direct Material   ?????         Direct Labor   51,604         Overhead   72,026                 ?????     Ending Balance   23,568           Finished Goods Beginning Balance   29,548             ?????                 ?????     Ending Balance   18,654         (a) Calculate the amount of direct materials purchased during the period. Raw materials purchased   $   (b) Calculate the direct materials used in production during the period. Direct materials used in production   $   (c) Calculate the total manufacturing cost for the period. Total manufacturing cost   $   (d) Calculate the cost of goods manufactured for the period. Cost of goods manufactured   $   (e) Calculate the cost of goods sold for the period. Cost of goods sold   $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following T-accounts record the operations of Sunland Co.:

Assume all raw materials are direct materials.

Raw Materials
Beginning Balance   10,546        
    ?????        
        68,542    
Ending Balance   13,892        

 

Work in Process
Beginning Balance   18,168        
Direct Material   ?????        
Direct Labor   51,604        
Overhead   72,026        
        ?????    
Ending Balance   23,568        

 

Finished Goods
Beginning Balance   29,548        
    ?????        
        ?????    
Ending Balance   18,654        


(a) Calculate the amount of direct materials purchased during the period.

Raw materials purchased   $
 


(b) Calculate the direct materials used in production during the period.

Direct materials used in production   $
 


(c) Calculate the total manufacturing cost for the period.

Total manufacturing cost   $
 


(d) Calculate the cost of goods manufactured for the period.

Cost of goods manufactured   $
 


(e) Calculate the cost of goods sold for the period.

Cost of goods sold   $
 
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