2. The following information is available for Amir Company. January 1, 2017 2017 December 31, 2017 Raw materials inventory R.O. 26,000 R.O. 30,000 Work in process inventory 13,500 22,200 Finished goods inventory 30,000 21,000 Materials purchased R.O.170,000 Direct labor 220,000 Manufacturing overhead 180,000 Instructions (a) Compute cost of goods manufactured. (b) Cost of Goods Sold

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PB: During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of...
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2. The following information is available for Amir Company.
January 1, 2017
2017
December 31, 2017
Raw materials inventory
R.O. 26,000
R.O. 30,000
Work in process inventory
13,500
22,200
Finished goods inventory
30,000
21,000
Materials purchased
R.O.170,000
Direct labor
220,000
Manufacturing overhead
180,000
Instructions
(a) Compute cost of goods manufactured.
(b) Cost of Goods Sold
Transcribed Image Text:2. The following information is available for Amir Company. January 1, 2017 2017 December 31, 2017 Raw materials inventory R.O. 26,000 R.O. 30,000 Work in process inventory 13,500 22,200 Finished goods inventory 30,000 21,000 Materials purchased R.O.170,000 Direct labor 220,000 Manufacturing overhead 180,000 Instructions (a) Compute cost of goods manufactured. (b) Cost of Goods Sold
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