Selecta data concerning the past fiscal year's operations (000 omitted) of the Televans Manufacturing Company are presented
Question:
Selecta data concerning the past fiscal year's operations (000 omitted) of the Televans Manufacturing Company are presented below:
Inventories
Beginning Ending
Raw Materials 75 85
Work in Progress 80 30
Finished goods 90 110
Other Data
Raw materials used 326
Total manufacturing costs charged to
production during the year (includes
raw materials, direct labor, and factory
overhead applied at a rate of 60% of
direct labor cost) 686
Cost of goods available for sale 826
Selling and general expenses 25
The cost of raw materials purchased during the year amounted to?
Direct labor costs charged to production during the year amounted to?
Prime cost amounted to?
The cost of goods manufactured during the year was?
The cost of goods sold during the year was?
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta