The following information is for Bun MaScare Company:

Required:
Assuming 365 days in a year, compute the following. (Note: Preparing a cost of goods manufactured schedule and a costs of goods sold schedule may be helpful in solving the problem.)
1. Inventory turnover for raw materials
2. Days in ending raw materials inventory
3. Inventory turnover for work in process
4. Days in ending work-in-process inventory
5. Inventory turnover for finished goods
6. Days in ending finished goods inventory
7. Interpretive Question: What conclusions can you draw from your inventory turnovercalculations?

Transcribed Image Text:

S 25,000 Ending work-in-process inventory Beginning raw materials inventory Raw materials purchased Ending raw materials inventory Manufacturing overhead (actual) Beginning work-in-process S 40,000 Direct labor costs. 15,000 Beginning finished goods inventory 300,000 Ending finished goods inventory Overapplied manufacturing 50,000 overhead. 200,000 270,000 15,000 inventory.