Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
bananas87 bananas87
wrote...
Posts: 141
Rep: 0 0
A year ago
Logan's Enterprises reported the following data for May.

Beginning balance, Direct Materials Inventory$  45,000
Beginning balance, Work in Process Inventory52,000
Beginning balance, Finished Goods Inventory62,000
Ending balance, Direct Materials Inventory47,000
Purchase of direct materials92,000
Direct labor48,000
Manufacturing overhead applied42,000
Cost of goods manufactured200,000
Cost of Goods Sold220,000

Required:

a.What is the cost of direct materials were used in production?
b.What are the total manufacturing costs for the month of May?
c.What is the ending balance in the Finished Goods Inventory account?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 39 times
1 Reply
Replies
Answer verified by a subject expert
damien03damien03
wrote...
Posts: 127
Rep: 0 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

bananas87 Author
wrote...

A year ago
Just got PERFECT on my quiz
wrote...

Yesterday
Thanks
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1681 People Browsing
Related Images
  
 4866
  
 376
  
 1098
Your Opinion
Which country would you like to visit for its food?
Votes: 262