Direct materials purchases Work-in-process inventory, November 1 Finished goods inventory, November 1 Finished goods inventory, October 31 Manufacturing overhead Cost of goods sold Direct labor Decrease in work-in-process inventory Average sales price per unit Gross margin percentage Required: a. Find the cost of goods manufactured. b. Find the total manufacturing costs. c. Find the direct materials used. d. Find the sales revenue. Note: Round your answer to the nearest whole dollar. e. Find the increase (decrease) in direct materials inventory. $ 96,000 68,000 45,800 46,800 72,600 436,475 45,400 43,000 20 35%

Direct materials purchases Work-in-process inventory, November 1 Finished goods inventory, November 1 Finished goods inventory, October 31 Manufacturing overhead Cost of goods sold Direct labor Decrease in work-in-process inventory Average sales price per unit Gross margin percentage Required: a. Find the cost of goods manufactured. b. Find the total manufacturing costs. c. Find the direct materials used. d. Find the sales revenue. Note: Round your answer to the nearest whole dollar. e. Find the increase (decrease) in direct materials inventory. $ 96,000 68,000 45,800 46,800 72,600 436,475 45,400 43,000 20 35%

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...

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Cost flow relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Using the information given, determine the following missing amounts: A. Cost of goods sold B. Finished goods inventory at the end of the month C. Direct materials cost D. Direct labor cost E. Work in process inventory at the end of the month
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Summary information from a companys job cost sheets shows the following information: What are the balances in the work in process inventory, finished goods Inventory, and cost of goods sold for April, May, and June?
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