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

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Related Book For  book-img-for-question

Horngrens Cost Accounting A Managerial Emphasis

ISBN: 978-0134475585

16th edition

Authors: Srikant M. Datar, Madhav V. Rajan

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