Question: Check my work Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending
Check my work Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 (including $15,000 of indirect material) 24,100 35,500 110,300 275,300 22,400 40,250 120,600 304,200 23:54 Book Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.75 (75%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured 5. Compute cost of goods sold erences 1. 2 3 Direct Material Used Applied Overhead Total Manufacturing Cost Cost of Goods Manufactured Cost of Goods Sold 4 5 Next > 2 of 6
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
