The accountant at Roland Industries provides you with the following information for the first quarter: Direct labor
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Question:
The accountant at Roland Industries provides you with the following information for the first quarter:
Direct labor costs | $ 222,000 |
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Direct materials inventory, January 1 | 22,700 |
Direct materials inventory, March 31 | 19,100 |
Direct materials purchased during the quarter | 291,500 |
Finished goods inventory, January 1 | 63,000 |
Finished goods inventory, March 31 | 82,400 |
Manufacturing overhead for the quarter | 313,000 |
Work-in-process inventory, January 1 | 13,700 |
Work-in-process inventory, March 31 | 10,900 |
Required:
a. Compute the following.
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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