Fostoria Corporation began the current period with S21,975 of raw materials, purchased $97,950 of raw materials during the period, and ended the period with S30,205 of raw materials. Indirect materials used and indirect labor totaled $16,950 and S25,320, respectively. The total amount of raw materials put into production during the current period was: a. $97,950 b. S89,720 c. $106,670 d. 119,925

Fostoria Corporation began the current period with S21,975 of raw materials, purchased $97,950 of raw materials during the period, and ended the period with S30,205 of raw materials. Indirect materials used and indirect labor totaled $16,950 and S25,320, respectively. The total amount of raw materials put into production during the current period was: a. $97,950 b. S89,720 c. $106,670 d. 119,925

Name: Fostoria Corporation began the current period with $21,975 of raw mat
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Description: Fostoria Corporation began the current period with $21,975 of raw materials, purchased $97,950 of rawmaterials during the period, and ended the period with $30,205 of raw materials. Indirect materials usedand indirect labor totaled $16,950 and $25,3

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 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
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