Ac505 Top Switch Inc. Case Study

Ac505 Top Switch Inc. Case Study - $35,000 Direct material...

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Top Switch Inc. Case Study Material purchases $325,000 Direct Labor $220,000 Sales $1,350,000 Gross margin (% of sales) 30% Cost of goods available for sale $1,020,000 prime costs $545,000 manufacturing overhead (% of conversion cost) 65% Beginning inventory Raw Materials $41,000 Work in Process $56,000 Finished Goods
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Unformatted text preview: $35,000 Direct material Consumed $325,000 Closing Inventory : Raw Material $41,000 Manufacturing Overhead $408,571 Cost of goods manufactured $985,000 Manufacturing cost $953,571 Closing Inventory : Work in Process $24,571 Cost of goods sold $945,000 Closing Inventory : Finished goods $75,000...
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