COBA Inc. manufactured 100,000 units of Wood Tables in 20X9 and reported the following costs: Direct...

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COBA Inc. manufactured 100,000 units of Wood Tables in 20X9 and reported the following costs: Direct labor Direct materials, 1/1/X9 Direct material purchases Direct materials, 12/31/X9 Finished goods, 1/1/X9 Finished goods, 12/31/X9 Work-in-process, 1/1/X9 Work-in-process, 12/31/X9 Depreciation plant Fire insurance - plant $ 2,000,000 700,000 Utility - store Sales revenue 3,000,000 200,000 100,000 50,000 550,000 20,000 Utility - plant 380,000 Salary for manager - plant 300,000 Salary for Sales staff - store 640,000 Depreciation store Advertising costs - store 600,000 1,000,000 570,000 480,000 800,000 12,800,000 Required (Please show your work. Otherwise, no credit will be given.): a. What is the amount of direct materials used during 20X9? (40 points) b. Prepare a cost of goods manufactured schedule for 20X9. (40 points) COBA Inc. manufactured 100,000 units of Wood Tables in 20X9 and reported the following costs: Direct labor Direct materials, 1/1/X9 Direct material purchases Direct materials, 12/31/X9 Finished goods, 1/1/X9 Finished goods, 12/31/X9 Work-in-process, 1/1/X9 Work-in-process, 12/31/X9 Depreciation plant Fire insurance - plant $ 2,000,000 700,000 Utility - store Sales revenue 3,000,000 200,000 100,000 50,000 550,000 20,000 Utility - plant 380,000 Salary for manager - plant 300,000 Salary for Sales staff - store 640,000 Depreciation store Advertising costs - store 600,000 1,000,000 570,000 480,000 800,000 12,800,000 Required (Please show your work. Otherwise, no credit will be given.): a. What is the amount of direct materials used during 20X9? (40 points) b. Prepare a cost of goods manufactured schedule for 20X9. (40 points)

Answer rating: 100% (QA)

a The amount of direct materials used during 20X9 can be calculated as follows Direct mate... View the full answer