Required information EX 3-27 (Algo) Job-Order Costing Basics (LO 3-2, 3-4, 3-6) [The following information applies to the questions displayed below.] Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January. Type Finished goods Work in process Raw material January 1 $ 125,000 233,000 133,000 January 31 $ 117,000 251,000 124,000 The following additional data pertain to January operations. Raw material purchased Direct labor Actual manufacturing overhead Actual selling and administrative expenses Cost of goods sold $ 191,000 400,000 170,000 115,000 The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year. EX 3-27 (Algo) Part 4 Compute the cost of goods sold for January. 4. Compute the cost of goods sold for January.

Required information EX 3-27 (Algo) Job-Order Costing Basics (LO 3-2, 3-4, 3-6) [The following information applies to the questions displayed below.] Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January. Type Finished goods Work in process Raw material January 1 $ 125,000 233,000 133,000 January 31 $ 117,000 251,000 124,000 The following additional data pertain to January operations. Raw material purchased Direct labor Actual manufacturing overhead Actual selling and administrative expenses Cost of goods sold $ 191,000 400,000 170,000 115,000 The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year. EX 3-27 (Algo) Part 4 Compute the cost of goods sold for January. 4. Compute the cost of goods sold for January.

Name: Vishnu Required informationEX 3-27 (Algo) Job-Order Costing Basics (LO
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Description: Vishnu Required informationEX 3-27 (Algo) Job-Order Costing Basics (LO 3-2, 3-4, 3-6)[The following information applies to the questions displayed below.]Bodin Company manufactures finger splints for kids who get tendonitis from playingvideo games. T

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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Required Information Use the following Informatlon to answer questlons. (Static) [The following information apples to the questions displayed below) Information on Kwon Manufacturing's activitles for Its first month of operatlons follows: 6. Purchased $100,000 of raw matertals on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials $ 48,200 23,600 71,800 8,620 S se,420 Total materials used c. Time tickets show the following labor used for the month. ces Job 201 Job 202 Total direct labor Indirect labor $39, 200 12,600 51,800 24,200 $ 76,000 Total labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost e. Transferred Job 201 to Finished Goods Inventory 1. Sold Job 201 for $163,760 on credit. g. Incurred the following actual other overhead costs for the month Depreciation of factory equipnent Rent on factory building (payable)…
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