Athletic Gen Inc.has determined the following unit costs and selling price for each of its products: On May 31, Athletic Gen Inc.'s Work in Process Inventory consisted of the following items: During June, a total of $190,590 in direct materials and $76,200 in direct labor costs were incurred.Units finished and sold during June were as follows: Required
a.Given that Athletic Gen Inc.uses direct labor dollars as its application base, what is the company's predetermined overhead rate?
b.Calculate the total manufacturing cost for June.
c.Calculate the cost of goods manufactured for June.
d.Calculate the ending Work in Process Inventory balance on June 30.
e.Calculate Cost of Goods Sold for June.

Question

Athletic Gen Inc.has determined the following unit costs and selling price for each of its products:  On May 31, Athletic Gen Inc.'s Work in Process Inventory consisted of the following items:  During June, a total of $190,590 in direct materials and $76,200 in direct labor costs were incurred.Units finished and sold during June were as follows:  Required 
a.Given that Athletic Gen Inc.uses direct labor dollars as its application base, what is the company's predetermined overhead rate?
b.Calculate the total manufacturing cost for June.
c.Calculate the cost of goods manufactured for June.
d.Calculate the ending Work in Process Inventory balance on June 30.
e.Calculate Cost of Goods Sold for June.

Quizplus · Accepted Answer

The Answer of Athletic Gen Inc.has determined the following unit costs and selling price for each of its products:  On May 31, Athletic Gen Inc.'s Work in Process Inventory consisted of the following items:  During June, a total of $190,590 in direct materials and $76,200 in direct labor costs were incurred.Units finished and sold during June were as follows:  Required 
a.Given that Athletic Gen Inc.uses direct labor dollars as its application base, what is the company's predetermined overhead rate?
b.Calculate the total manufacturing cost for June.
c.Calculate the cost of goods manufactured for June.
d.Calculate the ending Work in Process Inventory balance on June 30.
e.Calculate Cost of Goods Sold for June.