Beginning Inventory $74,323 Work in Process Inventory Purchases $253,210 Beginning inventory Materials used in production Materials available for use ? Direct labor Ending inventory Materials used in production 125,900 94,425 Overhead applied 78,413 Manufacturing costs incurred Ending inventory 242,932 Cost of goods manufactured Finished Goods Inventory Finished goods inventory Beginning inventory Cost of goods manufactured ? $333,149 309,016 Goods available for sale ? Ending inventory Cost of goods sold 354,235 287,930
Beginning Inventory $74,323 Work in Process Inventory Purchases $253,210 Beginning inventory Materials used in production Materials available for use ? Direct labor Ending inventory Materials used in production 125,900 94,425 Overhead applied 78,413 Manufacturing costs incurred Ending inventory 242,932 Cost of goods manufactured Finished Goods Inventory Finished goods inventory Beginning inventory Cost of goods manufactured ? $333,149 309,016 Goods available for sale ? Ending inventory Cost of goods sold 354,235 287,930
Chapter5: Process Costing
Section: Chapter Questions
Problem 11MC: Beginning inventory and direct material cost added during the month total $55,000. What is the value...
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