Beglnning raw materlals Inventory $15,500 Ending raw materlals Inventory . $10,600 Beginning work In process Inventory 29,000 Ending work In process Inventory 44,000 Beglnning finished goods Inventory 24,000 Ending finished goods Inventory 37,400 Raw materlals purchased... 66,000 Direct labor used... 38,000 Total factory overhead used. 80,000
Beglnning raw materlals Inventory $15,500 Ending raw materlals Inventory . $10,600 Beginning work In process Inventory 29,000 Ending work In process Inventory 44,000 Beglnning finished goods Inventory 24,000 Ending finished goods Inventory 37,400 Raw materlals purchased... 66,000 Direct labor used... 38,000 Total factory overhead used. 80,000
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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Compute the following three cost amounts using the information below.
___________ 1. Cost of materials used ___________2. Cost of goods manufactured ___________3. Cost of goods sold
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