The following T-accounts record the operations of Concord Co.: Assume all raw materials are direct materials....

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The following T-accounts record the operations of Concord Co.: Assume all raw materials are direct materials. Raw Materials Beginning Balance 29,000 247,000 Ending Balance 19,000 Work in Process Beginning Balance 37,000 Direct Material Direct Labor 165,000 Overhead Ending Balance 26,000 Finished Goods Beginning Balance 40,000 COGM 640,000 Ending Balance 15,000 (a) Calculate the amount of direct materials purchased during the period Direct materials purchased (b) Calculate the cost of goods manufactured during the period. Costs of goods manufactured (c) Calculate the total manufacturing overhead cost for the period. Total manufacturing overhead cost (d) Calculate the total manufacturing cost for the period. The following T-accounts record the operations of Concord Co.: Assume all raw materials are direct materials. Raw Materials Beginning Balance 29,000 247,000 Ending Balance 19,000 Work in Process Beginning Balance 37,000 Direct Material Direct Labor 165,000 Overhead Ending Balance 26,000 Finished Goods Beginning Balance 40,000 COGM 640,000 Ending Balance 15,000 (a) Calculate the amount of direct materials purchased during the period Direct materials purchased (b) Calculate the cost of goods manufactured during the period. Costs of goods manufactured (c) Calculate the total manufacturing overhead cost for the period. Total manufacturing overhead cost (d) Calculate the total manufacturing cost for the period.

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Solution a Direct materials purchased 237000 b cost of goods manufactured 615000 c Total manufacturi... View the full answer