Q1 For each case below, drag & drop the correct missing amount. Raw material used Direct Labor Total manufacturing overhead Total manufacturing cost Work-in-process inventory, January 1 Work-in-process inventory, December 31 Cost of goods manufactured 30,000 22,000 95,500 $7,000 $94,200 ? 32000 28000 38500 3300 23000 8300 43500 Case II $12,000 9,000 7,000 5,000 1,000 ?
Q1 For each case below, drag & drop the correct missing amount. Raw material used Direct Labor Total manufacturing overhead Total manufacturing cost Work-in-process inventory, January 1 Work-in-process inventory, December 31 Cost of goods manufactured 30,000 22,000 95,500 $7,000 $94,200 ? 32000 28000 38500 3300 23000 8300 43500 Case II $12,000 9,000 7,000 5,000 1,000 ?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...
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