The following T-accounts record the operations of Crane Co.:

Assume all raw materials are direct materials.

Raw Materials
Beginning Balance		25,000
		230,000
				?
Ending Balance		15,000

Work in Process
Beginning Balance		35,000
Direct Material		?
Direct Labor		165,000
Overhead		?
				?
Ending Balance		25,000

Finished Goods
Beginning Balance		40,000
COGM		?
				640,000
Ending Balance		15,000

(a) Calculate the amount of direct materials purchased during the period.

Raw materials purchased

$enter the raw materials purchased in dollars

(b) Calculate the cost of goods manufactured during the period.

Costs of goods manufactured

$enter the costs of goods manufactured in dollars

(c) Calculate the total manufacturing overhead cost for the period.

Total manufacturing overhead cost

$enter the total manufacturing overhead cost in dollars

(d) Calculate the total manufacturing cost for the period.

Total manufacturing cost

$enter the total manufacturing cost in dollars

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Answer rating: 100% (QA)

Requirement a Direct Materials purchased 23000015000250... View the full answer