The following data should be used for the next few questions: Raw materials inventory, January 1 $
Fantastic news! We've Found the answer you've been seeking!
Question:
The following data should be used for the next few questions:
Raw materials inventory, January 1 $ 12,000
Raw materials inventory, December 31 16,000
Work in process, January 1 5,000
Work in process, December 31 8,000
Finished goods, January 1 17,000
Finished goods, December 31 12,000
Raw materials purchases 118,000
Direct labor 165,000
Factory utilities 64,000
Indirect labor 12,000
Factory depreciation 18,000
Selling and administrative expenses 220,000
How much is the cost of the direct materials used?
. How much are total manufacturing costs?
. How much is cost of goods manufactured?
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date: