Case Study 1 Chapter 18 Ricks

Case Study 1 Chapter 18 Ricks - Case Study 1 Chapter 18...

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Case Study 1 Chapter 18 Case Study 1 Chapter 18 Rick Helmick Prof. Crawford ACC: 206 02/28/11
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Case Study 1 Chapter 18 There had been a fire that destroyed a lot of the stuff and also ruined the computers so we have to figure out what the inventory was. 1.) The resembles schedule Paul has in mind. Use it to determine the ending inventories of the direct materials, work in process, and also the finished goods. The ending inventory for direct materials is: the beginning inventory is $ 300 then we need to add purchases and freights which is 72,100 which equals the direct materials available for use $72,400 then we need to subtract the ending inventory (400) which equals the direct materials used is $72,000. The work in process is The beginning inventory is $300 then I need to add the direct materials used which is $72,000 then the direct labor I added $505,000 which is $577,000 then I need to add the manufacturing overhead which is $245,000. The total manufacturing costs incurred during the year which is $822,000 it equals the total manufacturing costs to account for
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This note was uploaded on 03/15/2011 for the course ACC 201 taught by Professor Alao during the Spring '10 term at Ashford University.

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Case Study 1 Chapter 18 Ricks - Case Study 1 Chapter 18...

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