Hofstra Plastics Inc.'s selected data for the month of August 2016 are presented below (in millions): Work-in-process

Question:

Hofstra Plastics Inc.'s selected data for the month of August 2016 are presented below (in millions):

Work-in-process inventory, August 1, 2016....................$ 200

Direct materials inventory, August 1, 2016........................90

Direct materials purchased..........................................360

Direct materials used.................................................375

Variable manufacturing overhead..................................250

Total manufacturing overhead......................................480

Total manufacturing costs incurred during August 2016.....1,600

Cost of goods manufactured.....................................1,650

Cost of goods sold.................................................1,700

Finished goods inventory, August 1, 2016........................125

Required

Calculate the following costs:

1. Direct materials inventory on August 31, 2016.

2. Fixed manufacturing overhead costs for August.

3. Direct manufacturing labour costs for August.

4. Work-in-process inventory on August 31, 2016.

5. Cost of goods available for sale in August.

6. Finished goods inventory on August 31, 2016.

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Related Book For  answer-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0133138443

7th Canadian Edition

Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham

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