The following data were taken from the cost records of the Beca Company for last year: Depreciation, factory equipment Depreciation, administration equipment Supplies, factory Maintenance, factory equipment Utilities, factory Sales commissions Indirect labor Rent, factory building Purchases of raw materials Direct labor cost Advertising expense Sales Administrative salaries Inventories: Raw materials Work in process Finished goods $35,000 A/ 7,000 1,500 20,000 8,000 30,000 55,000 70,000 124,000 80,000 90,000 700,000 85,000 Beginning Ending $8,000 $12,000 6,000 21,000 69,000 24,000 Compute the followings: Example of Answer: 4000 No comma, space, decimal point, or $ sign. Raw materials used in production during the year -

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 25E: The following information concerns production in the Forging Department for June. The Forging...
icon
Related questions
icon
Concept explainers
Topic Video
Question

Please do not give solution in image format thanku 

Total factory overhead costs incurred during the year =
Cost of goods manufactured during the year =
Cost of goods sold during the year =
Net income for the year =
N
N
E
Transcribed Image Text:Total factory overhead costs incurred during the year = Cost of goods manufactured during the year = Cost of goods sold during the year = Net income for the year = N N E
The following data were taken from the cost records of the Beca Company for last
year:
Depreciation, factory
equipment
Depreciation, administration
equipment
Supplies, factory
Maintenance, factory
equipment
Utilities, factory
Sales commissions
Indirect labor
Rent, factory building
Purchases of raw materials
Direct labor cost
Advertising expense
Sales
Administrative salaries
Inventories:
Raw materials
Work in process
Finished goods
$35,000
7,000
1,500
20,000
8,000
30,000
55,000
70,000
124,000
80,000
90,000
700,000
85,000
Beginning Ending
$8,000
$12,000
6,000
21,000
69,000
24,000
Compute the followings:
Example of Answer: 4000 No comma, space, decimal point, or $ sign.
Raw materials used in production during the year =
Transcribed Image Text:The following data were taken from the cost records of the Beca Company for last year: Depreciation, factory equipment Depreciation, administration equipment Supplies, factory Maintenance, factory equipment Utilities, factory Sales commissions Indirect labor Rent, factory building Purchases of raw materials Direct labor cost Advertising expense Sales Administrative salaries Inventories: Raw materials Work in process Finished goods $35,000 7,000 1,500 20,000 8,000 30,000 55,000 70,000 124,000 80,000 90,000 700,000 85,000 Beginning Ending $8,000 $12,000 6,000 21,000 69,000 24,000 Compute the followings: Example of Answer: 4000 No comma, space, decimal point, or $ sign. Raw materials used in production during the year =
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning