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"Presented below is selected information from the Access Company's current period accounting records:

"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):
Manufacturing Overhead
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Accounting-8235774.xls

SOLUTION:
Particulars Amount Raw Materials Used
Direct Labor Cost
Manufacturing Overhead $5,000.00
$2,000.00
$7,600.00 Manufacturing Costs
Add: Beginning work in process
Less: Ending work in...

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