Question

Salamone Heaters’ selected data for October 2013 are presented here (in millions):
Direct materials inventory, 10/ 1/ 2013 .......... $ 75
Direct materials purchased ............... 335
Direct materials used ................. 380
Total manufacturing overhead costs............ 495
Variable manufacturing overhead costs .......... 260
Total manufacturing costs incurred during October 2013 .... 1,580
Work- in- process inventory, 10/ 1/ 2013.......... 215
Cost of goods manufactured .............. 1,650
Finished goods inventory, 10/ 1/ 2013............ 165
Cost of goods sold .................. 1,760

Required
Calculate the following costs:
1. Direct materials inventory, 10/ 31/ 2013
2. Fixed manufacturing overhead costs for October 2013
3. Direct manufacturing labor costs for October 2013
4. Work- in- process inventory, 10/ 31/ 2013
5. Cost of finished goods available for sale in October 2013
6. Finished goods inventory, 10/ 31/ 2013



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  • CreatedJanuary 15, 2015
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