The Weaver Manufacturing Company incurred direct labor costs of $205,000, and manufacturing overhead amounted to $173,000 during the year ended 30 June 2018. Materials purchases for the year were $198,000. Opening and closing inventories were as follows: 1 July 2017 30 June 2018 $42,000 Item Direct materials $49,000 Work-in-process 28,000 30,000 Finished goods 80,000 76,000 Required: 1. Calculate the Cost of Goods Manufactured by Weaver Manufacturing Company. 2. The Cost of Goods Sold by Weaver Manufacturing Company.

Cornerstones of Cost Management (Cornerstones Series)
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ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
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Chapter2: Basic Cost Management Concepts
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Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Accounting. The weaver manufacturing company incurred direct labour cost

The Weaver Manufacturing Company incurred direct
labor costs of $205,000, and manufacturing
overhead amounted to $173,000 during the year
ended 30 June 2018. Materials purchases for the
year were $198,000. Opening and closing
inventories were as follows:
1 July 2017 30 June 2018
$42,000
Item
Direct materials $49,000
Work-in-process 28,000
30,000
Finished goods 80,000
76,000
Required:
1. Calculate the Cost of Goods Manufactured by
Weaver Manufacturing Company.
2. The Cost of Goods Sold by Weaver Manufacturing
Company.
Transcribed Image Text:The Weaver Manufacturing Company incurred direct labor costs of $205,000, and manufacturing overhead amounted to $173,000 during the year ended 30 June 2018. Materials purchases for the year were $198,000. Opening and closing inventories were as follows: 1 July 2017 30 June 2018 $42,000 Item Direct materials $49,000 Work-in-process 28,000 30,000 Finished goods 80,000 76,000 Required: 1. Calculate the Cost of Goods Manufactured by Weaver Manufacturing Company. 2. The Cost of Goods Sold by Weaver Manufacturing Company.
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