Renka’s Heaters selected data for October 2017 are presented here

(in millions):

Calculate the following costs:
1. Direct materials inventory 10/31/2017 2. Fixed manufacturing overhead costs for October 2017 3. Direct manufacturing labor costs for October 2017 4. Work-in-process inventory 10/31/2017 5. Cost of finished goods available for sale in October 2017 6. Finished goods inventory 10/31/2017

Transcribed Image Text:

Direct materials inventory 10/1/2017 Direct materials purchased $ 105 365 Direct materials used 385 Total manufacturing overhead costs 450 Variable manufacturing overhead costs 265 Total manufacturing costs incurred during October 2017 1,610 Work-in-process inventory 10/1/2017 230 Cost of goods manufactured 1,660 Finished-goods inventory 10/1/2017 130 Cost of goods sold 1,770