The following data pertain to Alexs Auto Parts Company for the year ended December 31, 2012. Beginning
Question:
The following data pertain to Alex’s Auto Parts Company for the year ended December 31, 2012.
Beginning direct material inventory................... $6,900
Ending direct material inventory........................ $4,000
Beginning work-in-process inventory................ $8,000
Ending work-in-process inventory..................... $3,000
Beginning finished goods inventory.................. $9,000
Ending finished goods inventory........................ $6,000
Direct material purchased................................... $93,500
Factory supplies (OH) ........................................ $8,500
Factory depreciation (OH) ................................. $17,500
Factory Insurance (OH) ..................................... $23,900
Assembly-line labor cost (DL) ...........................$289,000
Depreciation on production equipment (OH)... $12,500
Factory supervision (OH) ....................................$183,250
Required:
A. What is the cost of direct material used during 2012?
B. What is the cost of direct labor during 2012?
C. What is the cost of manufacturing overhead for 2012?
D. What is the total manufacturing cost incurred during 2012?
E. What is the cost of goods manufactured for 2012?
F. What is the cost of goods sold for 2012?
G. What is the total amount of ending inventory that would be shown on the Balance Sheet for 2012?
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Step by Step Answer:
Computation of the statement of cost of goods manufacture Alexs Auto Parts Company Cost of goods man...View the full answer
