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The Following Data Has Been Taken from the Accounting Records

Question 140

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The following data has been taken from the accounting records of Curtis Manufacturing Company for the current year:
Sales$600,000Purchases of raw materials350,000Direct labor cost during period120,000Manufacturing overhead incurred during period60,000Raw Materials Inventory, beginning20,000Raw materials Inventory, ending25,000Work in Process Inventory, beginning47,000Work in Process Inventory, ending32,000Finished Goods Inventory, beginning75,000Finished Goods Inventory, ending82,000\begin{array}{lr}\text{Sales} & \$600,000 \\\text{Purchases of raw materials} & 350,000 \\\text{Direct labor cost during period} & 120,000 \\\text{Manufacturing overhead incurred during period} & 60,000 \\\text{Raw Materials Inventory, beginning} & 20,000 \\\text{Raw materials Inventory, ending} & 25,000 \\\text{Work in Process Inventory, beginning} & 47,000 \\\text{Work in Process Inventory, ending} & 32,000 \\\text{Finished Goods Inventory, beginning} & 75,000 \\\text{Finished Goods Inventory, ending} & 82,000 \\\end{array}
a.Compute the amount of raw materials moved into production during the period.
b.Compute the amount transferred to finished goods during the period.
c.Compute the amount of goods sold during the period.

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a. $20,000 + $350,000 - $25,00...

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