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AC505 Formula Template

# AC505 Formula Template - eq RM Used in Production \$705,000...

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Chapter 2 Formulas RM=Raw Materials WIP= Work in Process DM=Direct Materials DL=Direct Labor OH= Overhead Beginning RM Inventory Beginning WIP Inventory Beginning Finished Good Inv + Purchases + Current Month Manufacturing Costs (DM+DL+OH) + Cost of good manufactured \$0 eq RM Available for Use \$0 DM + \$0 eq Goods available for sale \$0 - End RM Inventory DL + - End Finished Goods Sold eq RM Used in Production \$0 OH + \$0 eq Cost of goods sold \$0 eq Total Manufacturing Costs \$0 - End WIP Inv eq Cost ot Good Manufactured \$0 Exercise 2-5 Beginning RM Inventory \$60,000 Beginning WIP Inv \$120,000 Beginning Finished Good Inv + Purchases \$690,000 + Current Month Manufacturing Costs (DM+DL+OH) + Cost of good manufactured eq RM Available for Use \$750,000 DM + \$705,000 eq Goods available for sale \$0 - End RM Inventory \$45,000 DL + \$135,000 - End Finished Goods Sold
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Unformatted text preview: eq RM Used in Production \$705,000 OH + \$840,000 eq Cost of goods sold \$0 eq Total Manufacturing Costs \$960,000 -End WIP Inv \$130,000 eq Cost ot Good Manufactured \$830,000 Exercise 2-11 Beginning RM Inventory \$7,000 Beginning WIP Inv \$10,000 Beginning Finished Good Inv \$20,000 + Purchases \$118,000 + Current Month Manufacturing Costs (DM+DL+OH) + Cost of good manufactured \$265,000 eq RM Available for Use \$125,000 DM + \$110,000 eq Goods available for sale \$285,000 -End RM Inventory \$15,000 DL + \$70,000 -End Finished Goods Sold \$35,000 eq RM Used in Production \$110,000 OH + \$80,000 \$260,000 eq Cost of goods sold \$250,000 eq Total Manufacturing Costs \$270,000 -End WIP Inv \$5,000 eq Cost ot Good Manufactured \$265,000...
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