BA102B_2009_Fall_MT2 Solutions_Geyer

BA102B_2009_Fall_MT2 Solutions_Geyer - Direct materials...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Direct materials used in production $1,400 Total manufacturing costs 8,000 Applied manufacturing overhead 3,300 2,150 Inventories: Raw materials, January 1 480 Raw materials, December 31 520 Work in process, January 1 730 Work in process, December 31 650 Finished goods, January 1 480 Finished goods, December 31 460
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
3.89 Hassenger 1. Cost of Raw Materials Purchased [BRM + P = DM + ERM] Direct materials used in production $1,400 Add: Ending raw materials $520 Less: Beginning raw materials $(480) Raw materials purchased $1,440 2. Predetermined Overhead Rate Total manufacturing costs $8,000 Less: Direct materials used in production $(1,400) Less: Applied manufacturing overhead $(3,300) Direct labor cost incurred $3,300 Applied manufacturing overhead $3,300 Direct labor cost incurred $3,300 Predetermined overhead rate 100% [OH Rate = 100% x Applied manufacturing OH] 3. Cost of Goods Manufactured [BWIP + MC = COGM + EWIP] Total manufacturing costs $8,000 Add: Beginning work in process $730 Less: Ending work in process $(650) Cost of goods manufactured $8,080 4. Cost of Goods Sold [BFG + COGM = COGS + EFG] Cost of goods manufactured $8,080 Add: Beginning finished goods $480 Less: Ending finished goods $(460) Cost of goods sold $8,100
Background image of page 2
Units Materials Conversion Work in process, Jan 1 (80% complete with
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/16/2009 for the course UGBA 08564 taught by Professor Geyer during the Spring '09 term at University of California, Berkeley.

Page1 / 12

BA102B_2009_Fall_MT2 Solutions_Geyer - Direct materials...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online