The Yellville Company provided you with the following information for the fiscal year ending December 31. Work-in-process
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Question:
- The Yellville Company provided you with the following information for the fiscal year ending December 31. Work-in-process inventory, 12/31 $ 115,800 Finished goods inventory, 1/1 614,800 Direct labor costs incurred 2,008,600 Manufacturing overhead costs 5,368,800 Direct materials inventory, 1/1 501,600 Finished goods inventory, 12/31 1,022,000 Direct materials purchased 3,500,400 Work-in-process inventory, 1/1 202,000 Direct materials inventory, 12/31 338,800.
- Required:
- (a) Compute the total manufacturing costs incurred during the year.
- (b) Compute the total work-in-process during the year.
- (c) Compute the cost of goods manufactured during the year.
- (d) Compute the cost of goods sold during the year.
- (e) Compute the total prime costs for the year.
- (f) Compute the total conversion costs for the year.
Related Book For
Fundamentals of Advanced Accounting
ISBN: 978-0077862237
6th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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