The Weaver Manufacturing Company incurred direct labor costs of $233,000, and manufacturing overhead amounted to $186,000 during the year ended 30 June 2012. Materials purchases for the year were $210,000. Opening and closing inventories were as follows: Item 1 July 2011 30 June 2012 Direct materials $53,000 $47,000 Finished goods Work-in-process 35,000 92,000 41,000 84,000 Required: 1. Calculate the Cost of Goods Manufactured by Weaver Manufacturing Company. 2. The Cost of Goods Sold by Weaver Manufacturing Company.

The Weaver Manufacturing Company incurred direct labor costs of $233,000, and manufacturing overhead amounted to $186,000 during the year ended 30 June 2012. Materials purchases for the year were $210,000. Opening and closing inventories were as follows: Item 1 July 2011 30 June 2012 Direct materials $53,000 $47,000 Finished goods Work-in-process 35,000 92,000 41,000 84,000 Required: 1. Calculate the Cost of Goods Manufactured by Weaver Manufacturing Company. 2. The Cost of Goods Sold by Weaver Manufacturing Company.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 5E: Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31,...

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Accounting. The weaver manufacturing company incurred direct labour cost
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