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Banner, Inc. Larry's Bakery Sports Gear Beginning Work-in-Process Inventory (a) $ 40,800 $ 2,200 Direct Materials Used 14,400 35,900 (6) 1,900 Direct Labor 10,300 20,100 Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account for Ending Work-in-Process Inventory (b) 10,000 900 45,200 (d) (h) 55,400 (e) 8,300 (c) (25,500) (2,600) Cost of Goods Manufactured $ 50,500 (f) %24

Banner, Inc. Larry's Bakery Sports Gear Beginning Work-in-Process Inventory (a) $ 40,800 $ 2,200 Direct Materials Used 14,400 35,900 (6) 1,900 Direct Labor 10,300 20,100 Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account for Ending Work-in-Process Inventory (b) 10,000 900 45,200 (d) (h) 55,400 (e) 8,300 (c) (25,500) (2,600) Cost of Goods Manufactured $ 50,500 (f) %24

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....
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Computing cost of goods manufactured

Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts.

 

Banner, Inc. Larry's Bakery Sports Gear Beginning Work-in-Process Inventory (a) $ 40,800 $ 2,200 Direct Materials Used 14,400 35,900 (6) 1,900 Direct Labor 10,300 20,100 Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account for Ending Work-in-Process Inventory (b) 10,000 900 45,200 (d) (h) 55,400 (e) 8,300 (c) (25,500) (2,600) Cost of Goods Manufactured $ 50,500 (f) %24
Transcribed Image Text:Banner, Inc. Larry's Bakery Sports Gear Beginning Work-in-Process Inventory (a) $ 40,800 $ 2,200 Direct Materials Used 14,400 35,900 (6) 1,900 Direct Labor 10,300 20,100 Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account for Ending Work-in-Process Inventory (b) 10,000 900 45,200 (d) (h) 55,400 (e) 8,300 (c) (25,500) (2,600) Cost of Goods Manufactured $ 50,500 (f) %24
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