Tyler Enterprises makes an assortment of computer support equipment. Dana Josephs, the new controller for the organization, can find only partial information for the past two months, which is presented below. Account/Transaction Materials Inventory, Beginning Work in Process Inventory, Beginning Finished Goods Inventory, Beginning Materials Purchased Direct Materials Requested Direct Labor Costs Manufacturing Overhead Applied Cost of Units Completed Cost of Units Sold Materials Inventory, Ending Work in Process Inventory, Ending May June $ 36,240 $ e 56,480 44,260 a f g 96,120 82,320 b 53,200 h 72,250 i C 221,400 209,050 j 38,910 41,950 d k 47,940 51,180 Finished Goods Inventory, Ending The current year's predetermined overhead rate is 80 percent of direct labor dollars. Using the data provided and T accounts, compute the unknown values. 14

Tyler Enterprises makes an assortment of computer support equipment. Dana Josephs, the new controller for the organization, can find only partial information for the past two months, which is presented below. Account/Transaction Materials Inventory, Beginning Work in Process Inventory, Beginning Finished Goods Inventory, Beginning Materials Purchased Direct Materials Requested Direct Labor Costs Manufacturing Overhead Applied Cost of Units Completed Cost of Units Sold Materials Inventory, Ending Work in Process Inventory, Ending May June $ 36,240 $ e 56,480 44,260 a f g 96,120 82,320 b 53,200 h 72,250 i C 221,400 209,050 j 38,910 41,950 d k 47,940 51,180 Finished Goods Inventory, Ending The current year's predetermined overhead rate is 80 percent of direct labor dollars. Using the data provided and T accounts, compute the unknown values. 14

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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