Bubble Bobber provided the following list of cost data related to its manufacturing operations for the...
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Bubble Bobber provided the following list of cost data related to its manufacturing operations for the month of October 20X5. Beginning raw materials inventory $ 2,416,000 Raw materials purchased (net) $5,863,750 Ending raw materials inventory $2,045,500 Direct labor costs $805,750 Indirect materials $313,750 Indirect labor $222,250 Factory utilities and maintenance $1,140,000 Factory depreciation $141,500 Other factory related overhead $61,000 Beginning work in process $ 1,942,500 Ending work in process $1,792,500 a) Arrange the cost data into a statement of cost of goods manufactured. b) If Bubble Bobber's cost of goods sold for the month was $10,000,000, how much was the increase or decrease in finished goods inventory for the month of October? Bubble Bobber provided the following list of cost data related to its manufacturing operations for the month of October 20X5. Beginning raw materials inventory $ 2,416,000 Raw materials purchased (net) $5,863,750 Ending raw materials inventory $2,045,500 Direct labor costs $805,750 Indirect materials $313,750 Indirect labor $222,250 Factory utilities and maintenance $1,140,000 Factory depreciation $141,500 Other factory related overhead $61,000 Beginning work in process $ 1,942,500 Ending work in process $1,792,500 a) Arrange the cost data into a statement of cost of goods manufactured. b) If Bubble Bobber's cost of goods sold for the month was $10,000,000, how much was the increase or decrease in finished goods inventory for the month of October?
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Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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