Robinson Manufacturing found the following information in its accounting records: DM: $519,800 DL: $223,500 MOH: $775,115...

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Robinson Manufacturing found the following information in its accounting records: DM: $519,800 DL: $223,500 MOH: $775,115 E2 1) The beginning balance in the Raw Materials Inventory was 45,000. Purchases of direct materials for the year were 621,100 and ending balance was 146,300. Compute the Direct Materials Used. 2) The beginning balance of the Work in Process Inventory account was $72,400; the ending balance of the Work in Process Inventory account was $87,600. Compute the Cost of Goods Manufactured. (Hint: The cost of goods manufactured is the amount of finished products for that accounting period. It will be the amount that is credited to the Work In Process account and debited to the Finished Goods Inventory account.) 3) The beginning balance for Finished Goods was 223,400 and the ending balance for Finished Goods is 174,600. Compute the Cost of Goods Sold. The use of T-accounts helps in illustrating the flow of costs. Raw Materials Work in Process. Finished Goods Robinson Manufacturing found the following information in its accounting records: DM: $519,800 DL: $223,500 MOH: $775,115 E2 1) The beginning balance in the Raw Materials Inventory was 45,000. Purchases of direct materials for the year were 621,100 and ending balance was 146,300. Compute the Direct Materials Used. 2) The beginning balance of the Work in Process Inventory account was $72,400; the ending balance of the Work in Process Inventory account was $87,600. Compute the Cost of Goods Manufactured. (Hint: The cost of goods manufactured is the amount of finished products for that accounting period. It will be the amount that is credited to the Work In Process account and debited to the Finished Goods Inventory account.) 3) The beginning balance for Finished Goods was 223,400 and the ending balance for Finished Goods is 174,600. Compute the Cost of Goods Sold. The use of T-accounts helps in illustrating the flow of costs. Raw Materials Work in Process. Finished Goods

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Robinson Manufacturing Cost Calculations 1 Direct Materials Used DMU We can calculate DMU using the following formula DMU Beginning Raw Materials Inve... View the full answer