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Alex Company manufactures finger splints for kids who gets tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January 2021. January 1 $ 125,000 235,000 134,000 January 31 $ 117,000 251,000 124,000 Finished Goods WIP. . Raw Material.. The following additional manufacturing data pertains to January operations. Raw Material purchased Direct Labor. . Annual Manufacturing O.H.. .$ 191,000 300,000 175,000 ..... .... Alex Company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any over-applied or under applied manufacturing is accumulated until the end of the year. Required: 1. Alex Company's prime cost for January. 2. Alex Company's total manufacturing cost for January. 3. Alex Company's cost of goods manufactured for January.

Alex Company manufactures finger splints for kids who gets tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January 2021. January 1 $ 125,000 235,000 134,000 January 31 $ 117,000 251,000 124,000 Finished Goods WIP. . Raw Material.. The following additional manufacturing data pertains to January operations. Raw Material purchased Direct Labor. . Annual Manufacturing O.H.. .$ 191,000 300,000 175,000 ..... .... Alex Company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any over-applied or under applied manufacturing is accumulated until the end of the year. Required: 1. Alex Company's prime cost for January. 2. Alex Company's total manufacturing cost for January. 3. Alex Company's cost of goods manufactured for January.

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 9P: Glasson Manufacturing Co. produces only one product. You have obtained the following information...
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Alex Company manufactures finger splints for kids who gets tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January 2021. January 1 $ 125,000 235,000 134,000 January 31 $ 117,000 251,000 124,000 Finished Goods WIP. . Raw Material. . The following additional manufacturing data pertains to January operations. Raw Material purchased Direct Labor. . Annual Manufacturing O.H.. $ 191,000 300,000 175,000 Alex Company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any over-applied or under applied manufacturing is accumulated until the end of the year. Required: 1. Alex Company's prime cost for January. 2. Alex Company's total manufacturing cost for January. 3. Alex Company's cost of goods manufactured for January. BOX YOUR FINAL ANSWER!!! SHOW COMPLETE SOLUTIONS!!!
Transcribed Image Text:Alex Company manufactures finger splints for kids who gets tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January 2021. January 1 $ 125,000 235,000 134,000 January 31 $ 117,000 251,000 124,000 Finished Goods WIP. . Raw Material. . The following additional manufacturing data pertains to January operations. Raw Material purchased Direct Labor. . Annual Manufacturing O.H.. $ 191,000 300,000 175,000 Alex Company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any over-applied or under applied manufacturing is accumulated until the end of the year. Required: 1. Alex Company's prime cost for January. 2. Alex Company's total manufacturing cost for January. 3. Alex Company's cost of goods manufactured for January. BOX YOUR FINAL ANSWER!!! SHOW COMPLETE SOLUTIONS!!!
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