Terri Chichester_AC420_unit4_project

Terri Chichester_AC420_unit4_project - Terri Chichester AC...

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Terri Chichester AC 420 Unit 4-Project 8/2/2011 Exercise 19 a. CGS = .75 * sales = .75 * \$1,598,000 = \$1, 198,500 b. Cost of Goods Manufactured = Beginning Finished goods + CGM –End Finished goods \$68,900 + CGM - \$165,600 = \$1,198,500 CGM - \$96,700 = \$1,198,500 CGM = \$1,295,200 c. Job B325 applied OH = 85% of Direct Labor dollars = .85(128*\$12.90) = .85 * \$1,651.20 = \$1,403.52 Job Q428 Applied OH = .85(240*\$12.90) = .85 * 3,096.00 = \$2,631.60 Total applied OH = \$1,403.52 + \$2,631.60 = \$4,035.12 d. WIP inventory destroyed by hurricane B325: DM +DL+OH \$21,980 +\$1,651.20 + \$1,403.52 = \$25,034.72 Q428: DM + DL +OH

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\$14,700 + \$3,096 + \$2,631.60 = \$20,427.60 Total WIP inventory destroyed = \$25,034.72 + \$20,427.60 = \$45,462.32 e. CGM = Beg. WIP + DM used + DL + OH – End WIP \$1,295,200 = \$14,600+DM used + \$12.90(25,760) +.85(\$12.90*25,760) - (\$25,034.72 + \$20,427.60) \$1,295,200 = \$14,600 + DM used+\$332,304 + \$282,458.40 - \$45,462.32 DM used = \$711,299.92 Beg DM + purchases – DM used = End DM \$19,500 + \$843,276 - \$711,299.92 = \$151,476.10
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Terri Chichester_AC420_unit4_project - Terri Chichester AC...

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