Question: The controller at Lawrence Components asks for your help in sorting out some cost information. She is called to a meeting, but hands you the

 The controller at Lawrence Components asks for your help in sorting
out some cost information. She is called to a meeting, but hands

The controller at Lawrence Components asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for April Prime costs, April Total manufacturing costs, April Cost of goods manufactured, April Cost of goods sold, April Direct materials inventory, April 30 Work-in-process inventory, April 1 Finished goods inventory, April 30 Direct materials purchased, April Direct labor costs, April $ 150,000 275,000 267,000 219,000 15,400 9,700 79,000 78,000 51,000 Required: a. Compute the direct material used for the month of April b. Compute the direct material inventory as of April 1. c. Compute the conversion cost for the month of April. d. Compute the work in process inventory as of April 30. e. Compute the manufacturing overhead for the month of April, 1. Compute the finished goods inventory as of April 1, b Direct material used Direct materials inventory Conversion cost C Saved Prime costs, April Total manufacturing costs, April Cost of goods manufactured, April Cost of goods sold, April Direct materials inventory, April 30 Work-in-process inventory, April 1 Finished goods inventory, April 30 Direct materials purchased, April Direct labor costs, April $ 150,000 275,000 267,000 219,000 15,400 9,700 79,000 78,000 51,000 Required: a. Compute the direct material used for the month of April. b. Compute the direct material inventory as of April 1. c. Compute the conversion cost for the month of April. d. Compute the work-in-process inventory as of April 30. e. Compute the manufacturing overhead for the month of April. f. Compute the finished goods inventory as of April 1. a. b. C. Direct material used Direct materials inventory Conversion cost Work-in-process inventory Manufacturing overhead Finished goods inventory d. e. f

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!