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6. Presented below is selected information from the Access Company’s current period accounting

records: Sales $20,000 Raw Materials Used 5,000 Direct Labor Costs 2,000 Period Costs (Selling and Administrative) 5,000 Beginning Raw Material Inventory 600 Ending Raw Material Inventory 2,000 Net Income 400 Beginning Work-in-Process Inventory 0 Ending Work-in-Process Inventory 600 Beginning Finished Goods Inventory 1,400 Ending Finished Goods Inventory 800 Required: Determine the following (in dollars): a. Raw Material Purchases b. Gross Profit c. Cost of Goods Manufactured d. Manufacturing Overhead

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Accounting-8222268.xls

6. Presented below is selected information from the Access Company’s current period accounting
records:
Sales
$20,000
Raw Materials Used 5,000
Direct Labor Costs 2,000
Period Costs (Selling and...

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