The following information is from Marchant Manufacturing Co. for September: Direct materials used in production $190,000...

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The following information is from Marchant Manufacturing Co. for September: Direct materials used in production $190,000 Direct labour $134,000 Total manufacturing cost $468,000 Raw materials inventory, Sept. 1 $48,000 Work-in-process inventory, Sept. 1 $12,000 Finished goods inventory, Sept. 1 $202,000 Purchases of raw materials $204,000 Cost of goods manufactured $466,000 Administrative expense $94,000 Selling expense $112,000 Sales $688,000 Gross margin $254,000 Net income $60,000 Other operating Expenses ? Required: (a.) Compute the cost of goods sold. (b.) Compute the balance in finished goods inventory at September 30. (c.) Compute the balance in work-in-process inventory at September 30. (d.) Compute the balance in raw materials inventory at September 30. (e.) Compute the total manufacturing overhead. (f.) Other operating Expenses The following information is from Marchant Manufacturing Co. for September: Direct materials used in production $190,000 Direct labour $134,000 Total manufacturing cost $468,000 Raw materials inventory, Sept. 1 $48,000 Work-in-process inventory, Sept. 1 $12,000 Finished goods inventory, Sept. 1 $202,000 Purchases of raw materials $204,000 Cost of goods manufactured $466,000 Administrative expense $94,000 Selling expense $112,000 Sales $688,000 Gross margin $254,000 Net income $60,000 Other operating Expenses ? Required: (a.) Compute the cost of goods sold. (b.) Compute the balance in finished goods inventory at September 30. (c.) Compute the balance in work-in-process inventory at September 30. (d.) Compute the balance in raw materials inventory at September 30. (e.) Compute the total manufacturing overhead. (f.) Other operating Expenses

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a Cost of goods sold can be calculated using the formula Cost of Goods Sold Beginning Finished Goods ... View the full answer