Product cost flows (LO 3) The following T-accounts record the operations of Roddick Co.:   Direct Materials   Work in Process   Finished Goods Beginning Balance 10,000   Beginning Balance 15,000   Beginning Balance 25,000   Purchases ? 60,000 Direct Material      ?      ?     COGM      ?         Direct Labor 48,000   COGS        ?           Overhead 72,000                   ?       Ending Balance 12,000   Ending Balance 23,000   Ending Balance 16,000   Required a.Calculate the amount of direct materials purchased during the period. bCalculate the direct materials used in production during the period. cCalculate the total manufacturing cost for the period. dCalculate the cost of goods manufactured for the period. eCalculate the cost of goods sold for the period.

Question

Product cost flows (LO 3) The following T-accounts record the operations of Roddick Co.:

 
Direct Materials
 
Work in Process
 
Finished Goods
Beginning Balance
10,000
 
Beginning Balance
15,000
 
Beginning Balance
25,000
 
Purchases
?
60,000
Direct Material
     ?
     ?    
COGM
     ?
 
     
Direct Labor
48,000
 
COGS
 
     ?    
     
Overhead
72,000
       
         
?
     
Ending Balance
12,000
 
Ending Balance
23,000
 
Ending Balance
16,000
 

Required

a.Calculate the amount of direct materials purchased during the period.

bCalculate the direct materials used in production during the period.

cCalculate the total manufacturing cost for the period.

dCalculate the cost of goods manufactured for the period.

eCalculate the cost of goods sold for the period.

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