The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 17E: Cost flow relationships The following information is available for the first month of operations of...
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Cost Flow Relationships
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
Sales | $364,970 |
Gross profit | 212,780 |
Cost of goods manufactured | 182,490 |
Indirect labor | 79,200 |
Factory |
12,040 |
Materials purchased | 112,410 |
Total |
209,860 |
Materials inventory, ending | 14,960 |
Using the above information, determine the following missing amounts:
a. Cost of goods sold | $ |
b. Finished goods inventory at the end of the month | $ |
c. Direct materials cost | $ |
d. Direct labor cost | $ |
e. Work in process inventory at the end of the month | $ |
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