Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen

تمرين 43

COST DEFINITIONS AND CALCULATIONS
For each of the following independent situations, calculate the missing values:
1. The Avoyelles plant purchased $143,000 of direct materials during June. Beginning direct materials inventory was $9,000, and direct materials used in production were $110,000. What is ending direct materials inventory?
2. Bienville Company produced 8,000 units at an average cost of $11.80 each. The beginning inventory of finished goods was $3,422. (The average unit cost was $11.80.) Bienville sold 8,120 units. How many units remain in ending finished goods inventory?
3. Beginning WIP was $20,000, and ending WIP was $18,750. If total manufacturing costs were $40,000, what was the cost of goods manufactured?
4. If the conversion cost is $84 per unit, the prime cost is $70, and the manufacturing cost per unit is $120, what is the direct materials cost per unit?
5. Total manufacturing costs for August were $446,900. Prime cost was $290,000, and beginning WIP was $160,000. The cost of goods manufactured was $512,000. Calculate the cost of overhead for August and the cost of ending WIP.