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The accounting records of NuTronics, Inc., include the following information for the year ended December 31. Dec. 31 $ 24,000 8,000 90,000 210,000 131,000 Inventory of materials. Inventory of work in process Inventory of finished goods Direct materials used Direct labor 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? Required A Required B Complete this question by entering your answers in the tabs below. 170,000 140,000 Work in process, January 1 Manufacturing costs assigned to production: Direct materials used Direct labor Jan. 1 $ 20,000 12,000 80,000 Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) Nu Tronics, Inc. Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Total manufacturing costs Total cost of all goods in process during the year Cost of finished goods manufactured $ $ 0 0 0

The accounting records of NuTronics, Inc., include the following information for the year ended December 31. Dec. 31 $ 24,000 8,000 90,000 210,000 131,000 Inventory of materials. Inventory of work in process Inventory of finished goods Direct materials used Direct labor 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? Required A Required B Complete this question by entering your answers in the tabs below. 170,000 140,000 Work in process, January 1 Manufacturing costs assigned to production: Direct materials used Direct labor Jan. 1 $ 20,000 12,000 80,000 Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) Nu Tronics, Inc. Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Total manufacturing costs Total cost of all goods in process during the year Cost of finished goods manufactured $ $ 0 0 0

College Accounting, Chapters 1-27
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. Dec. 31 $ 24,000 8,000 90,000 210,000 131,000 170,000 140,000 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor 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 Jan. 1 $ 20,000 12,000 80,000 Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) Nu Tronics, Inc. Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Work in process, January 1 Manufacturing costs assigned to production: Direct materials used Direct labor Total manufacturing costs Total cost of all goods in process during the year Cost of finished goods manufactured $ $ 0 0 0
Transcribed Image Text:The accounting records of NuTronics, Inc., include the following information for the year ended December 31. Dec. 31 $ 24,000 8,000 90,000 210,000 131,000 170,000 140,000 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor 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 Jan. 1 $ 20,000 12,000 80,000 Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) Nu Tronics, Inc. Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Work in process, January 1 Manufacturing costs assigned to production: Direct materials used Direct labor Total manufacturing costs Total cost of all goods in process during the year Cost of finished goods manufactured $ $ 0 0 0
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