Brain-Tech was newly formed in early 2022. The following information related to the full year: Raw...
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Brain-Tech was newly formed in early 2022. The following information related to the full year: Raw Materials purchased (net) $10,500,000 Direct Labour costs 7,000,000 Factory overhead 5,250,000 Selling, general &l administrative 2,450,000 75% of the available raw material was transferred into production 60% of the work in process was completed 80% of the finished goods were sold. 15% of factory overhead related to depreciation 25% of SG&A related to depreciation I 3A- How much is in ending inventory for raw materials? 3B- How much is in ending inventory for work in process? 3C- How much is in ending inventory for raw finished goods? 3D-How much is in cost of goods sold? 3E-How much is in SG&A expense for the period 3F-How much of the total depreciation for the period is charged against income during the period? Brain-Tech was newly formed in early 2022. The following information related to the full year: Raw Materials purchased (net) $10,500,000 Direct Labour costs 7,000,000 Factory overhead 5,250,000 Selling, general &l administrative 2,450,000 75% of the available raw material was transferred into production 60% of the work in process was completed 80% of the finished goods were sold. 15% of factory overhead related to depreciation 25% of SG&A related to depreciation I 3A- How much is in ending inventory for raw materials? 3B- How much is in ending inventory for work in process? 3C- How much is in ending inventory for raw finished goods? 3D-How much is in cost of goods sold? 3E-How much is in SG&A expense for the period 3F-How much of the total depreciation for the period is charged against income during the period?
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To calculate the requested values we can use the information provided Lets start with the calculations 3A Ending Inventory for Raw Materials Ending In... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781260193275
12th Canadian Edition
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
Posted Date:
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