Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
msidhu msidhu
wrote...
Go to Answer
Posts: 129
Rep: 0 0
A year ago
Basil Industries reported the following information for December:

Beginning balance, Raw Materials Inventory$   187,500
Beginning balance, Work in Process Inventory300,000
Beginning balance, Finished Goods Inventory106,250
Manufacturing overhead applied525,000
Purchases of raw materials337,500
Factory electricity 62,500
Direct labor payroll200,000
Depreciation on factory equipment218,750
Insurance on factory building 50,000
Indirect materials used in production43,750
Total raw materials used in production 406,250
Indirect labor payroll150,000
Cost of goods manufactured1,250,000
Cost of Goods Sold1,312,500
What was the total manufacturing cost for Basil for December?

▸ $1,131,250

▸ $1,087,500

▸ $1,250,000

▸ $1,062,500
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 39 times
1 Reply
Replies
Answer verified by a subject expert
jgunn88jgunn88
wrote...
#1
Posts: 153
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

msidhu Author
wrote...

A year ago
Helped a lot
dianeflunder
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
sleinhi
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1002 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 336
  
 261
  
 6397
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?