Al-Mudhaiby Factory has the following data: Indirect labor R.O. 29,000 Direct materials used 70,000 Ending work in process 25,000 Sales Commissions 35,000 Direct labor 80,000 Indirect materials 15,000 Advertising 36,000 Beginning work in process 48,000 The cost of Work-in-process (WIP) is: Select one: O a. 217,000 O b. 185,000 O . None of the answers are correct O d. 194,000 e. 242,000

Al-Mudhaiby Factory has the following data: Indirect labor R.O. 29,000 Direct materials used 70,000 Ending work in process 25,000 Sales Commissions 35,000 Direct labor 80,000 Indirect materials 15,000 Advertising 36,000 Beginning work in process 48,000 The cost of Work-in-process (WIP) is: Select one: O a. 217,000 O b. 185,000 O . None of the answers are correct O d. 194,000 e. 242,000

Name: Al-Mudhaiby Factory has the following data:Indirect laborR.O. 29,000D
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Description: Al-Mudhaiby Factory has the following data:Indirect laborR.O. 29,000Direct materials used70,000Ending work in process25,000Sales Commissions35,000Direct labor80,000Indirect materials15,000Advertising36,000Beginning work in process48,000The cost of W

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...

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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Kenkel, Ltd. uses backflush costing to account for its manufacturing costs. The trigger points are the purchase of materials, the completion of goods, and the sale of goods. Prepare journal entries to account for the following: a. Purchased raw materials, on account, 80,000. b. Requisitioned raw materials to production, 80,000. c. Distributed direct labor costs, 10,000. d. Factory overhead costs incurred, 60,000. (Use Various Credits for the account in the credit part of the entry.) e. Completed all of the production started. f. Sold the completed production for 225,000, on account.
Davis Co. uses backflush costing to account for its manufacturing costs. The trigger points are the purchase of materials, the completion of goods, and the sale of goods. Prepare journal entries to account for the following: a. Purchased raw materials, on account, 70,000. b. Requisitioned raw materials to production, 70,000. c. Distributed direct labor costs, 15,000. d. Factory overhead costs incurred, 45,000. (Use Various Credits for the account in the credit part of the entry.) e. Completed all of the production started. f. Sold the completed production for 195,000, on account. (Hint: Use a single account for raw materials and work in process.)
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