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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

This note was uploaded on 03/26/2012 for the course AC505 AC505 taught by Professor Dillan during the Spring '10 term at Keller Graduate School of Management.

Ask a homework question - tutors are online