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The accounting department of mafe company provided

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6.TheaccountingdepartmentofMafeCompanyprovidedtheingdatafor2018:SalPEG000Marketingexpenses1200Adtninisteative:expense‘aanOthernsee?Faoverhead20,000DirectlaboreeCostofgoods100,600Inventories,January1:Finished14,000Workinprocess16,000Materials16,000Inventories,December.Workinprocese30,000Materials17,000Computefor2018thecostofmaterialspurchased:follow-oesold31:a.P82,640b.72,000c.29,200d.72.000
CastAccounting—BasicConcepisandtheJobOrderCostCycle357.ThefollowingdataweretakenfromtherecordsofMarlenepanyforthefiscalyearendedDecember31,Materialsissued:irectP100,000FactorysupplieFactory-rales6,000P106,000rectlaborIndirectlabor790,000300,000Machinemaintenanceandrepair10,000Factoryrent,lightandpower24,000Depreciationofmachinery10,000Payrolltaxes(factorypayroll)30,000Inventories:January1DecemberWorkinprocessP30,000P40,000Finishedgoods50,00060,000Computefor2018:(1)thecostofgoodsmanufactured,andcostofgoodssold:vrCom-2018:31(2)the470,000460,000
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Amanufacturingcompanyhadinventoriesatthebeginningand endof2018MaterialsP44,000P60,Workinprocess80,000Finishedgoods3623850,000During2018,thefollowingcostsandexpenseswereincurred:RawmaterialspurchasedP600,000Directlaborcost240,000IndirectlaborcosteaeTaxes,utilitiesanddepreciationoffactorybuilding_100,000SalesandofficesalariesThecostofgoodssoldduringtheperiodasfollows:96,120,000128,000was;
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36—____Chopres9.Youhavebeentryingtoreconstructtherecords=thepany.SomeemployeesaresuspectedofhavingtaveSOMEries.Manyrecordsaremissing.Nevertheless,youhavegatheredfollowingdataregardingthecurrentWork:00.000AdministrativeexpensesP300,005WorkanesbeginningOePurchasesofrawmaterialsGrossprofit2,500,000Factoryoverhead700.009Finishedgoodsinveatory,end760,000SalesCostofgoodssold1,600,000Directlabor—Sellingexpenses400,000Directmaterialsused500,000ThebeginningfinishedgoodsinventoryYvetteCom.INVenty.theyear:800,0994,100,009600,009was:
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Term
Spring
Professor
NoProfessor
Tags
Cost Accounting, The Land, Finished Goods, undergraduate cost accounting courses

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