Templates - Sample Problem E:2-11(Pg 63 Direct Materials(DM = Direct Labor(DL = Overhead(OH = $110,000 $70,000 Answered in Question $80,000

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Sample Problem: E:2-11 (Pg. 63) Direct Materials (DM) = $110,000 Direct Labor (DL) = $70,000 Answered in Question Overhead (OH) = $80,000 Answered in Question Beginning Raw Materials Inventory $7,000 Beginning Work in Progress Inventory $10,000 Beginning Finished Goods Inventory $20,000 (+) Purchases $118,000 (+) Current Month Manufactured $260,000 (+) Cost of Goods Manufactured $265,000 Raw Materials Avail for Use $125,000 Total Manufactured Cost $270,000 Goods Available for Sale $285,000 (-) End Raw Materials Inv. $15,000 (-) End Work In Progress $5,000 (-) End Finished Goods Inventory $35,000 (=) Raw Materials Used In Prod. $110,000 (=) Cost of Goods $265,000 (=) Cost of Goods Sold $250,000 Sample Problem: E:2-11 (Pg. 63) Direct Materials (DM) = $80,000 Direct Labor (DL) = Answered in Question Overhead (OH) = Answered in Question Beginning Raw Materials Inventory Beginning Work in Progress Inventory Beginning Finished Goods Inventory (+) Purchases $100,000 (+) Current Month Manufactured (+) Cost of Goods Manufactured $- Raw Materials Avail for Use $100,000 Total Manufactured Cost $- Goods Available for Sale $- (-) End Raw Materials Inv. $20,000
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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.

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