Calculate the following showing below items required for your homework based upon the information. Direct labor hours

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Calculate the following showing below items required for your homework based upon the information.

Direct labor hours used ...............................................................................................750

Direct labor hour rate per hour .................................................................................$6.00

Direct materials purchased ....................................................................................$14,000

Direct materials beginning inventory .......................................................................$7,500

Manufacturing overhead .........................................................................................$1,200

Work in process beginning inventory .....................................................................$2,200

Cost of goods manufactured ................................................................................$17,000

Finished goods ending inventory ............................................................................$3,500

Balance for only job not completed at end of accounting period ............................$5,400

Sales revenue 60 percent markup on cost) ............................................................$28,800


Required:

a) Cost o goods sold.

b) Beginning finished goods inventory.

c) Direct materials used.

d) Ending direct materials inventory.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...
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Related Book For  book-img-for-question

Management Accounting Information for Decision-Making and Strategy Execution

ISBN: 978-0137024971

6th Edition

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

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