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 85 100
Work in process 30 80
Finished goods 110 90
Other data
Raw materials used 345
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) 986
Selling and general expenses 25
15 The cost of raw materials purchased during the year amounted to
16 Direct labor costs charged to production during the year amounted to
17 Prime cost amounted to
18 The cost of goods manufactured during the year was
19 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