Chapter 3 Solutions

Chapter 3 Solutions - Chapter 3 Solutions EXERCISE 3-23 (10...

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Chapter 3 Solutions EXERCISE 3-23 (10 MINUTES) 1. Process 2. Job-order 3. Job-order (contracts or projects) 4. Process 5. Process 6. Job-order 7. Process 8. Job-order (contracts or projects) 9. Process 10. Job-order EXERCISE 3-27 (20 MINUTES) 1. Raw-material inventory, January 1. ................................ $134,00 0 Add: Raw-material purchases. ....................................... 191,000 Raw material available for use. ..................................... $325,00 0 Deduct: Raw-material inventory, January 31. ................. 124,000 Raw material used in January. ....................................... $201,00 0 Direct labor. ................................................................. 300,000 Total prime costs incurred in January. ........................... $501,00 0 2. Total prime cost incurred in January. ............................. $501,00 0 Applied manufacturing overhead (60% × $300,000). ...... 180,000 Total manufacturing cost for January. ............................ $681,00 0
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EXERCISE 3-27 (CONTINUED) 3. Total manufacturing cost for January. ............................ $681,00 0 Add: Work-in-process inventory, January 1. ................... 235,000 Subtotal. ...................................................................... $916,00
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Chapter 3 Solutions - Chapter 3 Solutions EXERCISE 3-23 (10...

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