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QUESTION 9 Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year: Factory production worker wages $ 30,000 Direct materials 20,000 Allocated factory rent 10,000 Allocated factory utilities 60,000 Sales commissions 200,000 At the end of the year WIP totaled $ 1,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.

QUESTION 9 Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year: Factory production worker wages $ 30,000 Direct materials 20,000 Allocated factory rent 10,000 Allocated factory utilities 60,000 Sales commissions 200,000 At the end of the year WIP totaled $ 1,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.

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 11MC: Beginning inventory and direct material cost added during the month total $55,000. What is the value...
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QUESTION 9 Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year: Factory production worker wages $ 30,000 Direct materials 20,000 Allocated factory rent 10,000 Allocated factory utilities 60,000 Sales commissions 200,000 At the end of the year WIP totaled $ 1,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.
Transcribed Image Text:QUESTION 9 Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year: Factory production worker wages $ 30,000 Direct materials 20,000 Allocated factory rent 10,000 Allocated factory utilities 60,000 Sales commissions 200,000 At the end of the year WIP totaled $ 1,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.
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