schedule of the cost of finished goods manufactured.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...
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The accounting records of NuTronics, Inc., include the following information for the year ended December 31.
Jan. 1
Dec. 31
$ 24,000
8,000
90,000
210,000.
127,000
170,000
140,000
Inventory of materials
Inventory of work in process
Inventory of finished goods
Direct materials used
Direct labor
$ 20,000
12,000
80,000
Selling expenses
General and administrative expenses
Overhead assigned to production was $192,000.
a. Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.)
b. Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the
average per-unit cost of manufacturing this product?
Complete this question by entering your answers in the tabs below.
Required A
Required B
Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the
average per-unit cost of manufacturing this product? (Round your answer to 2 decimal places.)
Average cost
per-unit
< Prev
3 of 3
Next >
23
NOV
étv li 1 2 A
6.
280
...
Transcribed Image Text:The accounting records of NuTronics, Inc., include the following information for the year ended December 31. Jan. 1 Dec. 31 $ 24,000 8,000 90,000 210,000. 127,000 170,000 140,000 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor $ 20,000 12,000 80,000 Selling expenses General and administrative expenses Overhead assigned to production was $192,000. a. Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) b. Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product? Complete this question by entering your answers in the tabs below. Required A Required B Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product? (Round your answer to 2 decimal places.) Average cost per-unit < Prev 3 of 3 Next > 23 NOV étv li 1 2 A 6. 280 ...
Required A
Required B
Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.)
NuTronics, Inc.
Schedule of the Cost of Finished Goods Manufactured
For the Year Ended December 31
Manufacturing costs assigned to production:
Total manufacturing costs
Total cost of all goods in process during the year
Cost ôf finished goods manufactured
< Required A
Required B >
< Prev
3 of 3
Next >
23
NOV
%24
%24
Transcribed Image Text:Required A Required B Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) NuTronics, Inc. Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Manufacturing costs assigned to production: Total manufacturing costs Total cost of all goods in process during the year Cost ôf finished goods manufactured < Required A Required B > < Prev 3 of 3 Next > 23 NOV %24 %24
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