Chat with AI
Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787 Exercise 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.
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.
Explanation
Verified
Verified
1.
Ending direct material inventory
...
Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
