Use the following information to compute the following items: $5,600 Beginning raw materials Ending raw materials...

Transcribed Image Text:

Use the following information to compute the following items: $5,600 Beginning raw materials Ending raw materials Direct labor 4,200 17,250 Raw material purchases 7,400 6,750 Depreciation on factory equipment Factory repairs and maintenance Beginning finished goods inventory Ending finished goods inventory Beginning goods in process inventory Ending goods in process inventory OH application rate 3,300 10,800 8,900 5,350 6,300 60% of DL Cost A. Calculate the cost of materials used B. Calculate the manufacturing costs incurred during the period. C. Calculate the Cost of Goods Manufactured during the period. D. Calculate the Cost of Goods Sold during the period. E. Calculate the amount by which overhead is under- or overapplied. Use the following information to compute the following items: $5,600 Beginning raw materials Ending raw materials Direct labor 4,200 17,250 Raw material purchases 7,400 6,750 Depreciation on factory equipment Factory repairs and maintenance Beginning finished goods inventory Ending finished goods inventory Beginning goods in process inventory Ending goods in process inventory OH application rate 3,300 10,800 8,900 5,350 6,300 60% of DL Cost A. Calculate the cost of materials used B. Calculate the manufacturing costs incurred during the period. C. Calculate the Cost of Goods Manufactured during the period. D. Calculate the Cost of Goods Sold during the period. E. Calculate the amount by which overhead is under- or overapplied.

Answer rating: 100% (QA)

ANSWER A To calculate the cost of materials used we need to determine the raw materials used in production This can be calculated as follows Raw mater... View the full answer