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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