The Update Company does not maintain backup documents for its computer files. In June, some of the current data were lost, and you have been asked to help reconstruct the data. The following beginning balances on June 1 are known:

Direct Materials Inventory	$ 24,000
Work-in-Process Inventory	9,000
Finished Goods Inventory	22,080
Manufacturing Overhead Control	33,000
Accounts Payable	5,150

Reviewing old documents and interviewing selected employees have generated the following additional information:

The production superintendent's job cost sheets indicated that materials of $5,200 were included in the June 30 Work-in-Process Inventory. Also, 150 direct labor-hours had been paid at $6.00 per hour for the jobs in process on June 30.

The Accounts Payable account is only for direct material purchases. The clerk remembers clearly that the balance in the Accounts Payable on June 30 was $12,000. An analysis of canceled checks indicated payments of $50,000 were made to suppliers during June.

Payroll records indicate that 10,400 direct labor-hours were recorded for June. It was verified that there were no variations in pay rates among employees during June.

Records at the warehouse indicate that the Finished Goods Inventory totaled $24,000 on June 30.

Another record kept manually indicates that the Cost of Goods Sold in June totaled $126,000.

The predetermined overhead rate was based on an estimated 60,000 direct labor-hours for the year and an estimated $180,000 in manufacturing overhead costs.

What is the amount of direct materials purchased during June?

a$50,000.b $30,850.c $76,000.d $56,850.

The following events took place at a manufacturing company for the current year: (1) Purchased $98,000 in direct materials. (2) Incurred labor costs as follows: (a) direct, $57,500 and (b) indirect, $14,200. (3) Other manufacturing overhead was $110,000, excluding indirect labor. (4) Transferred 80% of the materials to the manufacturing assembly line. (5) Completed 65% of the Work-in-Process during the year. (6) Sold 85% of the completed goods. (7) There were no beginning inventories. What is the value of the ending Work-in-Process Inventory? a $22,000. b $20,125. c $93,500. d $91,035.

The following selected data were taken from the books of the Bixby Box Company. The company uses job costing to account for manufacturing costs. The data relate to June operations.

A) Materials and supplies were requisitioned from the stores clerk as follows: Job 405, material X, $8,500. Job 406, material X, $3,570; material Y, $7,310. Job 407, material X, $8,500; material Y, $3,910. For general factory use: materials A, B, and C, $2,720. B) Time tickets for the month were chargeable as follows:

Job 405	$13,430	3,600 hours
Job 406	$17,000	4,200 hours
Job 407	$9,690	2,380 hours
Indirect labor	$ 4,250

C) Other information: Factory paychecks for $44,370 were issued during the month. Various factory overhead charges of $22,185 were incurred on account. Depreciation of factory equipment for the month was $5,700. Factory overhead was applied to jobs at the rate of $3.25 per direct labor hour. Job orders completed during the month: Job 405 and Job 406. Selling and administrative costs were $2,550. Factory overhead is closed out only at the end of the year. The balance in the factory overhead account would represent the fact that overhead was: a $4,320 underapplied. b $1,770 underapplied. c $3,930 overapplied. d $2,550 overapplied.

The following selected data were taken from the books of the Bixby Box Company. The company uses job costing to account for manufacturing costs. The data relate to June operations.

A) Materials and supplies were requisitioned from the stores clerk as follows: Job 405, material X, $13,000. Job 406, material X, $5,460; material Y, $11,180. Job 407, material X, $13,000; material Y, $5,980. For general factory use: materials A, B, and C, $4,160. B) Time tickets for the month were chargeable as follows:

Job 405	$20,540	4,200 hours
Job 406	$26,000	4,800 hours
Job 407	$14,820	3,640 hours
Indirect labor	$6,500

C) Other information: Factory paychecks for $67,860 were issued during the month. Various factory overhead charges of $33,930 were incurred on account. Depreciation of factory equipment for the month was $6,600. Factory overhead was applied to jobs at the rate of $3.00 per direct labor hour. Job orders completed during the month: Job 405 and Job 406. Selling and administrative costs were $3,900. Factory overhead is closed out only at the end of the year. If Job 406 was sold on account for $77,220, how much gross profit would be recognized for the job? a $34,580. b $20,180. c $16,280. d $66,040.

The predetermined overhead rate for manufacturing overhead for 2012 is $4.00 per direct labor hour. Employees are expected to earn $5.00 per hour and the company is planning on paying its employees $78,000 during the year. However, only 75% of the employees are classified as "direct labor." What was the estimated manufacturing overhead for 2012?

a $58,500. b $73,125. c $62,400. d $46,800.