Selected data concerning the p

Selected data concerning the past year’s operations of the Altek Manufacturing Company are as follows:
Inventories                                            ($) Beginning                  Ending
Raw materials                                              71,000                       81,000
Work in Process                                            80,000                     30,000
Finished Goods                                             90,000                    110,000
Other Data:
Direct Materials Used ———————————————- $ 326,000
Total Manufacturing Costs Charged to production
during the year (includes direct material, direct labour,
and manufacturing overhead applied at a
rate of 60% of direct-labour cost) ———————————-$ 686,000
Cost of Goods Available for Sale ———————————-$ 826,000
Selling and Administration Expenses —————————– $ 31,500

Required:
a) What was the cost of raw materials purchased during the year?
b) What was the direct-labour cost charged to production during the year? 
c) What was the cost of goods manufactured during the year?

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Pages (275 words)
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Selected data concerning the p

Selected data concerning the past year’s operations of the Beachwear Manufacturing Company are as follows

Inventories

($)   Beginning

Ending

Raw materials

86,000

91,000

Work in Process

90,000

40,000

Finished Goods

110,000

120,000

Other Data:

 

 

Direct Materials Used ———————————————-

$ 416,000

 

Total Manufacturing Costs Charged to production

 

 

during the year (includes direct material, direct labour,

 

 

and manufacturing overhead applied at a

 

 

rate of 60% of direct-labour cost) ———————————-

$ 718,000

 

Cost of Goods Available for Sale ———————————-

$ 816,000

 

Selling and Administration Expenses —————————–

$ 32,500

 

 

 

 

 

 

 

Required:

 

 

a)  What was the cost of raw materials purchased during the year?

 

 

b)

What was the direct-labour cost charged to production during the year?

c)

What was the cost of goods manufactured during the year?

 

d)

What was the cost of goods sold during the year?

 

 

Calculate your order
Pages (275 words)
Standard price: $0.00

Selected data concerning the p

Selected data concerning the past year’s operations of the Beachwear Manufacturing Company are as follows:

Inventories

($)   Beginning

Ending

Raw materials

86,000

91,000

Work in Process

90,000

40,000

Finished Goods

110,000

120,000

Other Data:

 

 

Direct Materials Used ———————————————-

$ 416,000

 

Total Manufacturing Costs Charged to production

 

 

during the year (includes direct material, direct labour,

 

 

and manufacturing overhead applied at a

 

 

rate of 60% of direct-labour cost) ———————————-

$ 718,000

 

Cost of Goods Available for Sale ———————————-

$ 816,000

 

Selling and Administration Expenses —————————–

$ 32,500

 

 

 

 

 

 

 

Required:

 

 

a)  What was the cost of raw materials purchased during the year?

 

 

b)

What was the direct-labour cost charged to production during the year?

c)

What was the cost of goods manufactured during the year?

 

d)

What was the cost of goods sold during the year?

 

 

Calculate your order
Pages (275 words)
Standard price: $0.00

Selected data concerning the p

Selected data concerning the past year’s operations of the Altek Manufacturing Company are as follows:
Inventories                                            ($) Beginning                  Ending
Raw materials                                              71,000                       81,000
Work in Process                                            80,000                     30,000
Finished Goods                                             90,000                    110,000
Other Data:
Direct Materials Used ———————————————- $ 326,000
Total Manufacturing Costs Charged to production
during the year (includes direct material, direct labour,
and manufacturing overhead applied at a
rate of 60% of direct-labour cost) ———————————-$ 686,000
Cost of Goods Available for Sale ———————————-$ 826,000
Selling and Administration Expenses —————————– $ 31,500

Required:

What was the cost of goods sold during the year?

Calculate your order
Pages (275 words)
Standard price: $0.00

Selected data concerning the p

Selected data concerning the past year’s operations of the Beachwear Manufacturing Company are as follows:

 

Inventories

($)   Beginning

Ending

Raw materials

86,000

91,000

Work in Process

90,000

40,000

Finished Goods

110,000

120,000

Other Data:

 

 

 

Direct Materials Used ———————————————-

$ 416,000

 

Total Manufacturing Costs Charged to production

 

 

during the year (includes direct material, direct labour,

 

 

and manufacturing overhead applied at a

 

 

rate of 60% of direct-labour cost) ———————————-

$ 718,000

 

Cost of Goods Available for Sale ———————————-

$ 816,000

 

Selling and Administration Expenses —————————–

$ 32,500

 

Required:

 

 

a)  What was the cost of raw materials purchased during the year?

 

 

b)

What was the direct-labour cost charged to production during the year?

c)

What was the cost of goods manufactured during the year?

 

d)

What was the cost of goods sold during the year?

 

 

Calculate your order
Pages (275 words)
Standard price: $0.00
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