The following information is available for RUST Enterprises: Finished Goods Inventory: Beginning $25,000; Ending $30,000; Direct Materials Inventory: Beginning: $12,000; Ending $8,000; Work in Process Inventory: Beginning $18,000; Ending $21,000. Net Purchases of Direct Materials $140,000; Direct Labor Cost $80,000; Manufacturing Overhead 75% of Direct Labor Cost (ignore overallocated or underallocated overhead). For blank one, calculate Direct Materials Used (or Direct Materials Cost). For blank two, calculate Cost of Goods Manufactured. Blank # 1 Blank # 2
The following information is available for RUST Enterprises: Finished Goods Inventory: Beginning $25,000; Ending $30,000; Direct Materials Inventory: Beginning: $12,000; Ending $8,000; Work in Process Inventory: Beginning $18,000; Ending $21,000. Net Purchases of Direct Materials $140,000; Direct Labor Cost $80,000; Manufacturing Overhead 75% of Direct Labor Cost (ignore overallocated or underallocated overhead). For blank one, calculate Direct Materials Used (or Direct Materials Cost). For blank two, calculate Cost of Goods Manufactured. Blank # 1 Blank # 2
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 14E: For each of the following independent situations, calculate the missing values: 1. The Belen plant...
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