What was the total cost added to work in process

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49) What was the total cost added to Work in Process during May? 49) A) $106,000. B) $101,000. C) $61,000. D) $111,000.
50) Assuming no beginning inventory for Work in Process, the cost of goods manufactured is: 50)
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Reference: 05-04 The information below has been taken from the cost records of Tercel Company for the past year: Raw materials used in production (all direct) $326,000 Total manufacturing costs charged to jobs during the year (includes raw materials, direct labour, and manufacturing overhead applied at the rate of 60% of direct labour cost) $686,000 Cost of goods available for sales $826,000 Selling and administrative expenses $25,000 Inventories Beginning Ending Raw materials (all direct) $75,000 $85,000 Work in process 80,000 30,000 Finished goods 90,000 110,000 51) What was the cost of raw materials purchased during the year? 51)
52) What amount of direct labour cost was charged to production during the year? 52)
53) What was the cost of goods manufactured during the year? 53) A) $716,000. B) $636,000. C) $736,000. D) $766,000.
54) What was the cost of goods sold for the year (before disposition of any under- or overapplied overhead)? 54)
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Reference: 05-05 The following data are for Potras Company: Beginning Ending Finished goods inventory $30,000 $40,000 Work-in-process inventory 20,000 13,000 Raw materials inventory 21,000 26,000 Purchases of raw materials 71,000 Factory depreciation 5,000 Other factory costs 10,000 Direct labour 27,000 Indirect labour 6,000 Selling expense 12,000 Over- or underapplied overhead -0 55) What is the cost of raw materials used in production? 55)
56) What is the cost of goods manufactured? 56)
57) What is the cost of goods sold? 57) A) $91,000. B) $81,000. C) $111,000. D) $131,000.
Reference: 05-06 The Bus Company uses a job-order costing system. The following information was recorded for September: Added During September Job Number September 1 Inventory Direct Materials Direct Labour 1 $1,000 $300 $200 2 1,400 250 300 3 500 1,500 150 4 750 4,000 400 The direct labour wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct labour hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has been delivered to the customer. 58) What is the ending Work in Process inventory? 58)
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59) What is the cost of goods manufactured for September? 59)
60) What is the cost of goods sold for September (before disposition of any under- or overapplied overhead)? 60)

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