Chapter1Homework - Name: Section: Exercise 1-1 Name:...

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Name: Section: When subtotals and totals are correct the cell will change to green. Exercise 1-6 a. Black Hills Manufacturing Co. Statement of Cost of Goods Manufactured For the Month Ended January 31, 20-- Materials: Material Inventory $ 25,000 Material Purchased 21,000 Total Cost of avaiable materials $ 46,000 Less: Inventory Jan 31st 22,000 Cost of Materials used $ 24,000 Less: indirect materials used 1,000 Cost of indirect materials used $ 23,000 Direct Labor: 18,000 Factory Overhead: Indirect Materials $ 1,000 Indirect Labor 3,000 Other 8,000 Total Factory Overhead 12,000 Total manufacturing cost $ 53,000 Add: Work in Process 24,000 $ 77,000 Less: Work in Process Jan 31st 20,000 Cost of goods manufactured $ 57,000 b. Cost of goods sold: Beginning merchandise Inventory $ 32,000 Add: costs of goods manufactured 57,000 Merchandise Available for Sale $ 89,000 Less: Ending Merchandise Inventory 30,000 Costs of Goods Sold $ 59,000
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Section: Exercise 1-7 a. Direct Materials Purchased
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Chapter1Homework - Name: Section: Exercise 1-1 Name:...

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