The information below relates to Ball Manufacturing Company's operations for a recent month. (Assume that all raw materials are direct materials): Purchases of raw materials Direct labor cost Selling costs (total) Administrative costs (total) $91,000 $122,000 $42,000 $56,000 Manufacturing overhead costs (total) $340,000 Raw materials inventory, beginning $22,000 Work in process inventory, beginning $27,000 Finished goods inventory, beginning $42,000 Raw materials inventory, ending $7,000 Work in process inventory, ending $35,000 Finished goods inventory, ending $15,000 What was Ball's cost of goods manufactured for the month?

The information below relates to Ball Manufacturing Company's operations for a recent month. (Assume that all raw materials are direct materials): Purchases of raw materials Direct labor cost Selling costs (total) Administrative costs (total) $91,000 $122,000 $42,000 $56,000 Manufacturing overhead costs (total) $340,000 Raw materials inventory, beginning $22,000 Work in process inventory, beginning $27,000 Finished goods inventory, beginning $42,000 Raw materials inventory, ending $7,000 Work in process inventory, ending $35,000 Finished goods inventory, ending $15,000 What was Ball's cost of goods manufactured for the month?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...

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A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. What is the unit cost for materials and conversion?
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