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

   

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The following T-accounts record the operations of Waterway Co.: Assume all raw materials are direct materials. Raw Materials Beginning Balance 11,112 ????? 66,998 Ending Balance 13,322 Work in Process Beginning Balance 18,480 Direct Material ????? Direct Labor 48,500 Overhead 72,994 ????? Ending Balance 23,530 Finished Goods Beginning Balance 26,986 ????? ????? Ending Balance 16,394 (a) Calculate the amount of direct materials purchased during the period. $ Raw materials purchased (b) Calculate the direct materials used in production during the period. Direct materials used in production (c) Calculate the total manufacturing cost for the period. Total manufacturing cost $ (d) Calculate the cost of goods manufactured for the period. Cost of goods manufactured 6A (e) Calculate the cost of goods sold for the period. $ Cost of goods sold The following T-accounts record the operations of Waterway Co.: Assume all raw materials are direct materials. Raw Materials Beginning Balance 11,112 ????? 66,998 Ending Balance 13,322 Work in Process Beginning Balance 18,480 Direct Material ????? Direct Labor 48,500 Overhead 72,994 ????? Ending Balance 23,530 Finished Goods Beginning Balance 26,986 ????? ????? Ending Balance 16,394 (a) Calculate the amount of direct materials purchased during the period. $ Raw materials purchased (b) Calculate the direct materials used in production during the period. Direct materials used in production (c) Calculate the total manufacturing cost for the period. Total manufacturing cost $ (d) Calculate the cost of goods manufactured for the period. Cost of goods manufactured 6A (e) Calculate the cost of goods sold for the period. $ Cost of goods sold

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To calculate the required amounts we need to use the information provided in the Taccounts for Water... View the full answer