Question: View Policies Expand Question Current Attempt in Progress Read Question in New Tat The following are partially completed T-accounts for Bridgeport. The accountant needs help

 View Policies Expand Question Current Attempt in Progress Read Question in
New Tat The following are partially completed T-accounts for Bridgeport. The accountant

View Policies Expand Question Current Attempt in Progress Read Question in New Tat The following are partially completed T-accounts for Bridgeport. The accountant needs help filling in the remaining details of the accounts before closing month-end and starting next month's transactions. The only additional information available for this month includes payroll records and a few other items, as follows. 1. Bridgeport paid $80,000 in total payroll costs this month, split evenly between hourly manufacturing worker wages and manufacturing supervisor salaries. The only additional information available for this month includes payroll records and a few other items, as follows. 1. Bridgeport paid $80,000 in total payroli costs this month, split evenly between hourly manufacturing worker wages and manufacturing supervisor salaries. 2. It paid $4,300 in total utility costs: 80% was for manufacturing facilities, and 20% was for executive and administrative space. 3. Buildings and equipment used in manufacturing are depreciated at a steady rate of $19,000 per month; buildings and office equipment in executive and administrative spaces are depreciated at a steady rate of $13.000 per month. 4. Other indirect material and indirect labor costs amounted to $3,200. (a) Determine the COGS and COGM this month. cogS$ COGM \$

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!