Ch51_-_CD_Solutions - MGTB03 Chapter 5(1 Solutions to Class...

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

View Full Document Right Arrow Icon
MGTB03 Chapter 5 (1) – Solutions to Class Discussion Questions 5.17 Schedule of Cost of Goods Manufactured, Cost of Goods Sold, Income Statement – Canton Ltd. A. Canton Ltd. Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2009 Direct Materials Beginning Direct Materials 13,20 0 Add Purchases of Direct Materials 98,20 0 Direct Materials Available for Use 111,40 0 Ending Direct Materials 16,20 0 Direct Materials Used in Production 95,20 0 Direct Labour 88,20 0 Manufacturing Overhead Amortization - factory 28,50 0 Factory Insurance 8,40 0 Factory Maintenance 25,30 0 Factory Utilities 14,50 0 Indirect Labour 19,50 0 Indirect Materials 7,80 0 Total Manufacturing Overhead 104,00 0 Manufacturing Costs Incurred in 2009 287,40 0 Add Beginning Work in Process Inventory 24,80 0 Total Manufacturing Costs to Account For 312,20 0 Less Ending Work in Process Inventory 35,20 0 1
Background image of page 1

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

View Full DocumentRight Arrow Icon
Cost of Goods Manufactured 277,00 0 B. Prime Costs = Direct Materials + Direct Labour = 95,200 + 88,200 = 183,400 Conversion Costs = Direct Labour + Manufacturing Overhead = 192,200 2
Background image of page 2
C. Canton Ltd.
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 10/09/2011 for the course MANAGEMENT MGTB03H3 taught by Professor Liangchen during the Summer '09 term at University of Toronto.

Page1 / 5

Ch51_-_CD_Solutions - MGTB03 Chapter 5(1 Solutions to Class...

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