5e sol02-09 - 190,000 Total overhead cost 300,550 Total...

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Cost Management Hansen and Mowen Ex 2-9 Name: SOLUTION Enter the appropriate amounts in the shaded cells in columns E and F. 1) ARAJ COMPANY Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Direct materials beginning inventory $47,000 Add: Purchases 160,400 Freight-in on materials 1,000 Materials available $208,400 Less: Direct materials ending inventory 17,000 Direct materials used $191,400 Direct labor cost 371,500 Overhead: Material handling $26,750 Supplies 37,800 Utilities 46,000 Supervision and indirect labor
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Unformatted text preview: 190,000 Total overhead cost 300,550 Total current manufacturing costs added $863,450 Add: Beginning work in process 201,000 Less: Ending work in process (98,000) Cost of goods manufactured $966,450 2) ARAJ COMPANY Statement of Cost of Goods Sold For the Year Ended December 31 Cost of goods manufactured $966,450 Add: Beginning finished goods inventory 8,000 Cost of goods available for sale $974,450 Less: Ending finished goods inventory (62,700) Cost of goods sold $911,750...
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