W1 Assignment E1-7 & BYP1-7

W1 Assignment E1-7 & BYP1-7 - I prefer all...

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I prefer all homework, including essays to be done using Excel, even when I provide guidance in Word. EXERCISE 1-7 Total raw materials available for use: Direct materials used $190,000 Add: Raw materials inventory (12/31) 7,500 Total raw materials available for use $197,500 Raw materials inventory (1/1): Direct materials used $190,000 Add: Raw materials inventory (12/31) 7,500 Less: Raw materials purchases 158,000 Raw materials inventory $39,500 Total cost of work in process: Cost of goods manufactured $530,000 Add: Work in process (12/31) 81,000 Total cost of work in process $611,000 Total manufacturing costs: Total cost of work in process $611,000 Less: Work in process (1/1) 210,000 Total manufacturing costs $401,000 Direct labor: Total manufacturing costs $401,000 Less: Total overhead 122,000 Direct materials used 190,000 Direct labor $89,000 You may use the above guides to compute the answers you need to complete the COGS Schedule. Only the COGS schedule below needs to be completed and turned in for E1-7.
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This note was uploaded on 02/22/2012 for the course ACC 101 taught by Professor Black during the Spring '12 term at University of Phoenix.

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