ATG212Chapter2Solutions

ATG212Chapter2Solutions - Brief Exercise 2-1(15 minutes a b...

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Brief Exercise 2-1  (15 minutes) a. Job-order costing b. Job-order costing c. Process costing d. Job-order costing e. Process costing* f. Process costing* g. Job-order costing h. Job-order costing i. Job-order costing j. Job-order costing k. Process costing l. Process costing *Some of the listed companies might use either a process costing or  a job-order costing system, depending on the nature of their  operations and how homogeneous the final product is. For  example, a plywood manufacturer might use job-order costing if it  has a number of different plywood products that are constructed of  different woods or come in markedly different sizes.
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Brief Exercise 2-6  (30 minutes) 1. Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning ................. $24,000 Add: Purchases of raw materials .....................   53,000     Total raw materials available ........................... 77,000 Deduct: Raw materials, ending ........................       6,000    
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