Question: Question 18 View Policies Current Attempt in Progress Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2019 Dec 31, 2020 Raw materials $170000


Question 18 View Policies Current Attempt in Progress Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2019 Dec 31, 2020 Raw materials $170000 $ 100000 inventory Work in process 196000 214000 inventory Finished goods 190000 178000 Inventory pport creer D-0 During 2020, Marigold purchased $1020000 of raw materials, incurred direct labor costs of $175000, and incurred manufacturing overhead totaling $224000. How much is total manufacturing costs incurred during 2020 for Marigold? $1489000 $1425000 $1501000 $1419000 ante: of 1 used Submit Answer ng ES Question 19 View Policies Current Attempt in Progress Hayward Manufacturing Company developed the following data: 5 upport Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Ending work in process $900,000 700,000 1,100,000 800,000 1,200,000 1,500,000 Hayward Manufacturing Company's total manufacturing costs for the period is cannot be determined from the data provided. $1,300,000 $1,800,000 $1,900,000 Question 20 View Policies Current Attempt in Progress A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July, there was no beginning work in process; 39000 units were completed and transferred out; and there were 19000 units in the ending work in process that were 30% complete. During July, $87000 materials costs and $89400 conversion costs were charged to the department The unit production costs for materials and conversion costs for July was Materials Conversion Costs $1.95 $1.54 $2.23 $2.29 $1.50 $1.54 $1.50 $2.00
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
