Question 4 Not yet answeredMarked out of 0.33Flag questionCountertops Unlimited, a manufacturer of kitchen and bath countertops, had the following information for production last period:Beginning Work in Process Inventory $50,000Ending Work in Process InventoryBeginning Materials Inventory60,00032.000Materials PurchasedEnding Materials InventoryDirect Labor28.000410,000130.000Indirect Labor40,000Indirect Materials Used110,000Factory Rent70.000Factory Utilities30,000Office SuppliesAdministrative Salaries20,000210.000Assuming that all manufacturing overhead was applied to Work in Process Inventory. Total Manufacturing Costs for the period was:Select one:a. $250,000b. $684.000c. None of the listed amountsd. $734.000e. $434,000

SolutionDirect materials Beginning Materials inventory 32,000Materials Purchase410,000Less: Ending…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the following information to compute the cost of direct materials used for the current year. Beginning of Year $ 12,000 24,000 17,000 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials purchased Direct labor Factory overhead Multiple Choice $259,000. $244,000. $ 247,000 188,000 78,000
27 Select the proper journal entry to record the movement of 1,700 units of part number 116B to work in process when each unit of 116B has a value of $2.00. Group of answer choices Raw Material Inventory 3,400 Work in Process 3,400 Work in Process 3,400 Raw Material Inventory 3,400 Work in Process 3,400 Cash 3,400 Work in Process 3,400 Factory Overhead 3,400
Current Attempt in Progress Waterway Company developed the following data for the current year: Beginning Work in Process Inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs $290000 $516000. $226000. $806000. $504000. 146000 298000 226000 278000 794000 Waterway Company's ending Work in Process Inventory is
Assess google-Bing com orms/d/e/TEAlpQLSe0Fn/ O5m foo CSEAKMUW F-TarKOTstRVX4bz MRQkg Use the following to answe he three questions below X Company reported the following year-end information: Beginning Raw Mate s Inventory S60.000 Ending Raw Materials inventory 90,000 Beginning Work in Process Inventory 113.000 Ending Work in Process Inventory 180,000 Raw Materials purchased 200,000 Direct Labor 210,000 Manufacturing Overhead 490,000 Selling and Administrative Expenses 157.000 Refer to the above, what was the cost of raw materials used?* $260,000 $170,000 $140,000 O None of the above
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