Question

Partial operating data for Brent Cross Company follow. Management has set the predetermined overhead rate for the current year at 90 percent of direct labor costs.
Account/Transition December
Beginning Materials Inventory ........ $142,000
Beginning Work in Process Inventory ..... 66,000
Beginning Finished Goods Inventory ..... 129,000
Direct materials used ............. 256,000
Direct materials purchased .......... (a)
Direct labor costs ............. 390,000
Overhead applied ............. (b)
Cost of units completed ........... (c)
Cost of Goods Sold ............ 953,400
Ending Materials Inventory ......... 50,000
Ending Work in Process Inventory ...... 138,600
Ending Finished Goods Inventory ...... (d)
Using T accounts and the data provided, compute the unknown values. Show all your computations.



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  • CreatedMarch 26, 2014
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