1.Direct materials used in production totaled $300,000. Direct labor was $370,000and factory overhead was $280,000. What were total manufacturing costs incurred for the month? 2.Use the result in previous question #1 for the Manufacturing costs incurred for the month. Beginning work in process was $100,000. There were $250,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost ofgoods manufactured during the month? 3.Use the result in previous question #2 for the cost of goods manufactured for the month. Beginning finished goods inventory was $240,000. And the ending finished goods inventory was $133,000. What was the cost of goods sold for the month?
1.Direct materials used in production totaled $300,000. Direct labor was $370,000and factory overhead was $280,000. What were total manufacturing costs incurred for the month? 2.Use the result in previous question #1 for the Manufacturing costs incurred for the month. Beginning work in process was $100,000. There were $250,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost ofgoods manufactured during the month? 3.Use the result in previous question #2 for the cost of goods manufactured for the month. Beginning finished goods inventory was $240,000. And the ending finished goods inventory was $133,000. What was the cost of goods sold for the month?
Chapter5: Process Costing
Section: Chapter Questions
Problem 4PA: During March, the following costs were charged to the manufacturing department: $14886 for...
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1.Direct materials used in production totaled $300,000. Direct labor was $370,000and factory overhead was $280,000. What were total manufacturing costs incurred for the month?
2.Use the result in previous question #1 for the Manufacturing costs incurred for the month. Beginning work in process was $100,000. There were $250,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost ofgoods manufactured during the month?
3.Use the result in previous question #2 for the cost of goods manufactured for the month. Beginning finished goods inventory was $240,000. And the ending finished goods inventory was $133,000. What was the cost of goods sold for the month?
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