Lutka Company had the following activities during 2022: Direct Materials: Cost of Beg inventory $20,000 Purchases 130,000
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Question:
Lutka Company had the following activities during 2022:
Direct Materials:
Cost of Beg inventory $20,000
Purchases 130,000
Ending Inventory 41,000
Direct Manufacturing labor 52,500
Manufacturing overhead 44,000
Beginning work-in-process inventory 2,700
Ending work-in-process inventory 3,100
Beginning finished goods inventory 19,000
Ending finished goods inventory 26,200.
Required:
a) What is the cost of direct materials used in 2022?
b) What is cost of goods manufactured for 2022?
c) What is the cost of goods sold for 2022?
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078110917
9th edition
Authors: Ronald W. Hilton
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