The following information was provided by Alley Manufacturing for the month of August 2010: Additional information: Direct
Question:
Additional information:
Direct materials purchased .................................................... $ 450,000
Direct labor costs incurred ..................................................... $ 150,000
Machine hours worked .......................................................... 33,000
Actual unit- related manufacturing overhead ........................ $ 370,000
Applied unit-related manufacturing overhead ....................... $ 11 per machine hour
Required
Calculate the following amounts:
A. Direct materials used in production.
B. Applied manufacturing overhead.
C. Cost of goods manufactured.
D. Over- or under applied manufacturing overhead.
Direct materials inventory Work-in-process inventory Finished goods inventory Beginning Balance $ 60,000 100,000 110,000 Ending Balance $ 80,000 110,000 140,000
Step by Step Answer:
a Direct materials inventory beginning 60000 purchases 450000 Direc...View the full answer
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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