Raw Materials Inventory, June 1 Purchases Total Raw Materials Available for Use Less: Raw Materials Inventory, June 30 Total Materials Used Indirect Materials Direct Materials Used Direct Labor Manufacturing Overhead JenJen Printer Inc. Statement of Cost of Goods Sold June 30, 2020 Total Manufacturing Cost Work in Process, June 1 Total goods Put into Process Less: Work in Process, June 30 Total Goods Manufactured Finished Goods, June 1 Total Goods Available for Sale Less: Finished Goods, June 30 Cost of Goods Sold P P 50,000.00 86,900.00 136,900.00 46,500.00 90,400.00 5,800.00 84,600.00 66,500.00 53,200.00 204,300.00 40,000.00 244,300.00 19,200.00 225,100.00 30,000.00 255,100.00 33,600.00 221,500.00

Raw Materials Inventory, June 1 Purchases Total Raw Materials Available for Use Less: Raw Materials Inventory, June 30 Total Materials Used Indirect Materials Direct Materials Used Direct Labor Manufacturing Overhead JenJen Printer Inc. Statement of Cost of Goods Sold June 30, 2020 Total Manufacturing Cost Work in Process, June 1 Total goods Put into Process Less: Work in Process, June 30 Total Goods Manufactured Finished Goods, June 1 Total Goods Available for Sale Less: Finished Goods, June 30 Cost of Goods Sold P P 50,000.00 86,900.00 136,900.00 46,500.00 90,400.00 5,800.00 84,600.00 66,500.00 53,200.00 204,300.00 40,000.00 244,300.00 19,200.00 225,100.00 30,000.00 255,100.00 33,600.00 221,500.00

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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ate dir and th ble for ory, Au ate fix verhea ate dir to ca August 2022 data Work-in-process inventory, August 1, 2022 Direct materials inventory, August 1, 2022 Direct materials purchased Direct materials used Variable manufacturing overhead Total manufacturing overhead Total manufacturing costs incurred during August 2022 Cost of goods manufactured Cost of goods sold Finished goods inventory, August 1, 2022 Print Done 215 75 335 385 265 485 1,610 1,690 1,700 220 X ean thes ust.
Required: Supply the missing information on the following schedule of cost of goods manufactured VIVAUVIT Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2014 Raw materials Beginning inventory Plus: Purchases Raw materials available for 119,900 $ 148,400 use Minus: Ending raw materials inventory Cost of direct raw materials $ 122,300 used Direct labor Manufacturing overhead Total manufacturing costs Plus: Beginning work in process inventory Total work in process Minus: Ending work in process inventory 22,500 308,000 47,400 Cost of goods manufactured 306,900
Justine Industries is calculating its Cost of Goods Manufactured at year-end. The company's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $17,000 and an ending balance of $12,000. During the year, the company purchased $55,000 of direct materials. Direct labor for the year totaled $121,000, while manufacturing overhead amounted to $151,000. The Work in Process Inventory account had a beginning balance of $22,000 and an ending balance of $21,000. Assume that Raw Materials Inventory contains only direct materials. Compute the Cost of Goods Manufactured for the year. (Hint: The first step is to calculate the direct materials used during the year.) ~
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Oriole Company reported the following amounts for May: Raw materials purchased Beginning raw materials inventory Ending raw materials inventory Direct labor incurred Indirect materials requisitioned and used Actual manufacturing overhead costs Beginning work-in-process inventory Ending work-in-process inventory $259000 O $263100. O $259000. $261700. O $258600. 12500 8400 56000 4500 42000 15600 12500 How much is the cost of direct materials used in production?
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Current Attempt in Progress The following information is available for Marin Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue (a) January 1, 2022 $17,600 eTextbook and Media 11,400 22,700 2022 $126,000 184,800 151,200 764,400 December 31, 2022 $25,200 14,500 17,640 Compute cost of goods manufactured. (Assume that all raw materials used were direct materials.) MARIN COMPANY Cost of Goods Manufactured Schedule QUO Attempte:0 of 3 used Submit Answer
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