Chapter 2, Problem 2.36P

Flow of Inventoriable Costs. Renka’s Heaters selected data for October 2017 are presented here (in millions):

Direct materials inventory 10/1/2017	$ 105
Direct materials purchased	365
Direct materials used	385
Total manufacturing overhead costs	450
Variable manufacturing overhead costs	265
Total manufacturing costs incurred during October 2017	1,610
Work-in-process inventory 10/1/2017	230
Cost of goods manufactured	1,660
Finished-goods inventory 10/1/2017	130
Cost of goods sold	1,770

Calculate the following costs:

Required

1. 1. Direct materials inventory 10/31/2017
2. 2. Fixed manufacturing overhead costs for October 2017
3. 3. Direct manufacturing labor costs for October 2017
4. 4. Work-in-process inventory 10/31/2017
5. 5. Cost of finished goods available for sale in October 2017
6. 6. Finished goods inventory 10/31/2017