ACC 331 Module 1 Assignment

ACC 331 Module 1 Assignment - ZhunQuadreatHill 1....

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ACC 331 Module 2 Worksheets Problems Chapters 1-2 ZhunQuadreat Hill Direct materials  $181,000  Utiliies, factory  $10,000  Sales commissions  $69,000  Administrative salaries  $99,000  Indirect labor  $32,000  Advertising  $75,000  Depreciation of production equipment  $28,000  Direct labor  $120,000  Depreciation of administrative equipment  $49,000  Required: b.  List the items form above that would be period costs. Indirect labor  $400,000  Rent on factory building  $300,000  Maintenance of equipment  $100,000  Direct material used  $1,200,000  Utilities on factory  $200,000  Direct labor  $1,500,000  Selling expense  $500,000  Administrative expense  $300,000  Work in process, beginning  $800,000  Work in process, ending  $600,000  Finished goods, beginning  $500,000  Finished goods, ending  $250,000  Required: a. Prepare a schedule of Cost of Goods Manufactured in good form.
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