Check my work4The following data refers to one month for Talmidge Company. Fill in the blanks.3pointsDirect materials inventory, March 132,000Direct materials inventory, March 3127,000Work-in-process inventory, March 110,000Work-in-process inventory, March 31еВookFinished goods inventory, March 164,000Finished goods inventory, March 3114,000Purchases of direct materialsPrintCost of goods manufactured during the month260,000Total manufacturing costs254,000Cost of goods soldReferencesGross margin170,000Direct labor120,000Direct materials used62,000Manufacturing overheadSales revenue480,000

Cost of goods sold represents the amount of expenditure that is incurred by the business in the…

The following data refers to one month for Talmidge Company. Fill in the blanks. Direct materials inventory, March 1 Direct materials inventory, March 31 Work-in-process inventory, March 1 Work-in-process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 Purchases of direct materials Cost of goods manufactured during the month Total manufacturing costs Cost of goods sold Gross margin Direct labor Direct materials used 32,000 27,000 10,000 64,000 14,000 260,000 254,000 170,000 120,000 62,000 Manufacturing overhead Sales revenue 480,000

The following data refers to one month for Talmidge Company. Fill in the blanks. Direct materials inventory, March 1 Direct materials inventory, March 31 Work-in-process inventory, March 1 Work-in-process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 Purchases of direct materials Cost of goods manufactured during the month Total manufacturing costs Cost of goods sold Gross margin Direct labor Direct materials used 32,000 27,000 10,000 64,000 14,000 260,000 254,000 170,000 120,000 62,000 Manufacturing overhead Sales revenue 480,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 5E: Recording materials transactions Prepare a journal entry to record each of the following materials...

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