Suppose that the following table shows the financial data of a manufacturingcompany at the beginning of the period, during the period and at the end of theperiod. What is the total cost of production?PeriodBeginningwithinEndingRaw materials30,000.0020,000.00Raw material purchases (paid in cash)Direct labor costs (paid in cash)390,000.00208,000.00Indirect labor costs (paid in cash)114,000.00Factory/machinery depreciationRent expense - headquarters (paid in cash)78,000.0020,000.00Sales revenue (received in cash)800,000.00Work-in process40,000.0090,000.00Finished goods70,000.0010,000.00800.000750.000700.000850.000

Name: Suppose that the following table shows the financial data of a manufa
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Description: Suppose that the following table shows the financial data of a manufacturingcompany at the beginning of the period, during the period and at the end of theperiod. What is the total cost of production?PeriodBeginningwithinEndingRaw materials30,000.00

Cost of direct materials used in production = Beginning raw material + raw material purchased -…

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Suppose that the following table shows the financial data of a manufacturing company at the beginning of the period, during the period and at the end of the period. What is the total cost of production? Period Beginning Ending 20,000.00 Within Raw materials 30,000.00 Raw material purchases (paid in cash) Direct labor costs (paid in cash) Indirect labor costs (paid in cash) 390,000.00 208,000.00 114,000.00 78,000.00 Factory/machinery depreciation Rent expense - headquarters (paid in cash) Sales revenue (received in cash) Work-in process Finished goods 20,000.00 800,000.00 40,000.00 90,000.00 70,000.00 10,000.00 800.000 750.000 700.000 850.000

Suppose that the following table shows the financial data of a manufacturing company at the beginning of the period, during the period and at the end of the period. What is the total cost of production? Period Beginning Ending 20,000.00 Within Raw materials 30,000.00 Raw material purchases (paid in cash) Direct labor costs (paid in cash) Indirect labor costs (paid in cash) 390,000.00 208,000.00 114,000.00 78,000.00 Factory/machinery depreciation Rent expense - headquarters (paid in cash) Sales revenue (received in cash) Work-in process Finished goods 20,000.00 800,000.00 40,000.00 90,000.00 70,000.00 10,000.00 800.000 750.000 700.000 850.000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...

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