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Work in Process 160,000 3,760,000 Finished Goods Beg 320,000 720,000 1,200,000 pplied1,920,000 ? ? 2? End 480,000

Work in Process 160,000 3,760,000 Finished Goods Beg 320,000 720,000 1,200,000 pplied1,920,000 ? ? 2? End 480,000

FINANCIAL ACCOUNTING
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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Prob 5. 21-23
PROBLEM 5: The selected ledger accounts of Luca Corp. for the year ended are as follows: Finished Goods Beg 320,000 Materials Beg. 120,000 960,000 Work in Process 160,000 3,760,000 720,000 1,200,000 FOH Applied1,920,000 Beg DM DL ? ? End 200,000 End ?? End 480,000 Factory Overhead Wages Payable COGS 72,000 1,840,000 ? 1,480,000 1,440,000 ? 32,000 REQUIRED: 21. What was the cost of the raw materials requisition? 22. How much of the requisition material are indirect materials? 23. How much is indirect labor?
Transcribed Image Text:PROBLEM 5: The selected ledger accounts of Luca Corp. for the year ended are as follows: Finished Goods Beg 320,000 Materials Beg. 120,000 960,000 Work in Process 160,000 3,760,000 720,000 1,200,000 FOH Applied1,920,000 Beg DM DL ? ? End 200,000 End ?? End 480,000 Factory Overhead Wages Payable COGS 72,000 1,840,000 ? 1,480,000 1,440,000 ? 32,000 REQUIRED: 21. What was the cost of the raw materials requisition? 22. How much of the requisition material are indirect materials? 23. How much is indirect labor?
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