Alex Company had the following inventories at the beginning and end of the month of January....

 

Transcribed Image Text:

Alex Company had the following inventories at the beginning and end of the month of January. January 1 January 31 $125,000 $117,000 235,000 251,000 134,000 124,000 Finished goods Work-in-process Direct materials The following additional manufacturing data was available for the month of January. Direct material purchased Purchase returns and allowances Transportation-in Direct labor Actual Factory Overhead $189,000 1,000 3,000 a. Alex Company's prime cost for January was: b. Alex Company's total manufacturing cost for January was: c. Alex Company's cost of goods manufactured for January was: d. Alex Company's cost of goods sold for January was: 300,000 175,000 Alex Company applies factory overhead at a rate of 60% of direct labor cost, and any overapplied or underapplied factory overhead is deferred until the end of the year, December 31. Alex Company had the following inventories at the beginning and end of the month of January. January 1 January 31 $125,000 $117,000 235,000 251,000 134,000 124,000 Finished goods Work-in-process Direct materials The following additional manufacturing data was available for the month of January. Direct material purchased Purchase returns and allowances Transportation-in Direct labor Actual Factory Overhead $189,000 1,000 3,000 a. Alex Company's prime cost for January was: b. Alex Company's total manufacturing cost for January was: c. Alex Company's cost of goods manufactured for January was: d. Alex Company's cost of goods sold for January was: 300,000 175,000 Alex Company applies factory overhead at a rate of 60% of direct labor cost, and any overapplied or underapplied factory overhead is deferred until the end of the year, December 31.

Answer rating: 100% (QA)

Computation of prime cost Beginning Direct Material Inventory 134000 Add Direct Material Purchase 18... View the full answer