Solutions%20to%20missed%20tutoria%20Sept%2024%20or%20Sept%2025%20Problem%202-17

Solutions%20to%20missed%20tutoria%20Sept%2024%20or%20Sept%2025%20Problem%202-17

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 2-17  (60 minutes) 1. Medco, Inc. Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning. ............... $ 10,000 Add: Purchases of raw materials. ...................       90,000     Raw materials available for use. .................... 100,000 Deduct: Raw materials inventory, ending. ......       17,000     Raw materials used in production. ................. $ 83,000 Direct labour. ..................................................... 60,000 Manufacturing overhead: Depreciation, factory. ..................................... 42,000 Insurance, factory. .......................................... 5,000 Maintenance, factory. ..................................... 30,000 Utilities, factory. .............................................. 27,000 Supplies, factory. ............................................ 1,000 Indirect labour. ................................................       65,000     Total overhead costs. ........................................  
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/14/2011 for the course BUS 254 taught by Professor Favere-marchesi during the Fall '10 term at Simon Fraser.

Page1 / 2

Solutions%20to%20missed%20tutoria%20Sept%2024%20or%20Sept%2025%20Problem%202-17

This preview shows document pages 1 - 2. Sign up to view the full document.

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