Tyrell Company had inventories at the beginning and end of June 2010 as follows: During June, Tyrell
Question:
Tyrell Company had inventories at the beginning and end of June 2010 as follows:
During June, Tyrell purchased direct materials of $ 400,000, incurred direct labor costs of $ 150,000, and applied manufacturing overhead of $ 250,000 to production. Show the flow of costs through the company’s inventory accounts during June 2010.
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June 1, 2010 $15,000 46,000 30,000 June 30, 2010 $ 8,000 26,000 19,000 Direct maternals inventory Work-in-process inventory Finished goods inventory
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Direct materials inventory beginning 15000 purchases 400000 Total direct materials ...View the full answer
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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