HW54sol

HW54sol - 303,300 11,600 Add beginning WIP inventory 10,500...

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Problem 54 Raw Materials Work In Process Finished Goods Beg. Bal. 5,100 Beg. Bal. 10,500 Beg. Bal. 12,300 + Mat. Purch 178,000 3,200 175,400 + DM 175,400 End. Bal. 4,500 + DL 72,400 + MOH 56,100 302,300 301,600 301,600 End. Bal. 12,800 End. Bal. 11,600 Cost of Goods Sold MOH 55,500 302,300 - 56,100 600 301,700 600 overapplied 600
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B Actual Costing Peters, Inc. Cost of Goods Manufactured Statement Year Ending December 31, 2008 Direct materials used: Finished Goods Beginning RM inventory $5,100 12,300 Net purchases 178,000 Less indirect materials used (3,200) Less ending RM inv. (4,500) Direct materials used: $175,400 Direct labor 72,400 301,700 Manufacturing overhead actual 55,500 301,000 Total manufacturing costs
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Unformatted text preview: 303,300 11,600 Add beginning WIP inventory 10,500 Less ending WIP inventory (12,800) Cost of Goods Manufactured $301,000 B Normal Costing Peters, Inc. Cost of Goods Manufactured Statement Year Ending December 31, 2008 Finished Goods Direct materials used: 12,300 Beginning RM inventory $5,100 Net purchases 178,000 Less indirect materials used (3,200) Less ending RM inv. (4,500) Direct materials used: $175,400 302,300 Direct labor 72,400 301,600 Manufacturing overhead applied 56,100 11,600 Total manufacturing costs 303,900 Add beginning WIP inventory 10,500 Unadjusted CGS Less ending WIP inventory (12,800) Less overapplied Cost of Goods Manufactured $301,600 CGS CGS 302,300 (600) 301,700...
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HW54sol - 303,300 11,600 Add beginning WIP inventory 10,500...

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