Question: Roberts Decorations'Roberts Decorations' selected data for DecemberDecember 20172017 are presented here (in millions): Direct materials inventory 12/1/2017 $85 Direct materials purchased 345 Direct materials used

Roberts Decorations'Roberts Decorations' selected data for DecemberDecember 20172017 are presented here (in millions):

Direct materials inventory 12/1/2017

$85

Direct materials purchased

345

Direct materials used

380

Total manufacturing overhead costs

470

Variable manufacturing overhead costs

260

Total manufacturing costs incurred during December 2017

1,610

Work-in-process inventory 12/1/2017

215

Cost of goods manufactured

1,660

Finished goods inventory 12/1/2017

160

Cost of goods sold

1,700

Requirement 1. Calculate the cost of

direct

materials inventory

1212/31/20172017.





Direct materials inventory 12/31/2017

Requirement 2. Calculate the fixed manufacturing overhead costs for

DecemberDecember

20172017.

The fixed manufacturing overhead costs for December 2017 are $

Requirement 3. Calculate the direct manufacturing labor costs for

DecemberDecember

20172017.


Less:

Direct manufacturing labor costs for December

Requirement 4. Calculate the cost of work-in-process inventory

1212/31/20172017.





Work-in-process inventory 12/31/2017

Requirement 5. Calculate the cost of finished goods available for sale in

DecemberDecember

20172017.



Finished goods available for sale in December

Requirement 6. Calculate the cost of finished goods inventory

1212/31/20172017.



Finished goods inventory 12/31/2017

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