Renka's Heaters selected data for October 2017 are presented here (in millions): Direct materials inventory 10/1/2017....................................................$ 105
Question:
Renka's Heaters selected data for October 2017 are presented here (in millions):
Direct materials inventory 10/1/2017....................................................$ 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 2017............................1,610
Work-in-process inventory 10/1/2017.....................................................230
Cost of goods manufactured.............................................................1,660
Finished-goods inventory 10/1/2017......................................................130
Cost of goods sold........................................................................1,770
Required
Calculate the following costs:
1. Direct materials inventory 10/31/2017
2. Fixed manufacturing overhead costs for October 2017
3. Direct manufacturing labor costs for October 2017
4. Work-in-process inventory 10/31/2017
5. Cost of finished goods available for sale in October 2017
6. Finished goods inventory 10/31/2017
Step by Step Answer:
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan