Question

Renka’s Heaters selected data for October 2014 are presented here ( in millions):
Direct materials inventory 10/ 1/ 2014 ........ $ 105
Direct materials purchased .............. 365
Direct materials used ................ 385
Total manufacturing overhead costs ........... 450
Variable manufacturing overhead costs ......... 265
Total manufacturing costs incurred during October ... 1,610
2014
Work-in-process inventory 10/ 1/ 2014 ........ 230
Cost of goods manufactured ............. 1,660
Finished goods inventory 10/ 1/ 2014 ........ 130
Cost of goods sold ................ 1,770

Required
Calculate the following costs:
1. Direct materials inventory 10/ 31/ 2014
2. Fixed manufacturing overhead costs for October 2014
3. Direct manufacturing labor costs for October 2014
4. Work-in-process inventory 10/ 31/ 2014
5. Cost of finished goods available for sale in October 2014
6. Finished goods inventory 10/ 31/ 2014



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  • CreatedMay 14, 2014
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