(Solved) Barr Manufacturing produces protective covers for eBookReaders. Since the covers must be customized ...

Barr Manufacturing produces protective covers for eBookReaders. Since the covers must be customized to each eBookReaders model, Barr uses a job order costing system. On October 1, the company reported the following inventory balances:

Direct Materials Inventory

$30,000

Work in Process Inventory

145,000

Finished Goods Inventory

250,000

During October, the following events occurred:

1.	Barr purchased direct materials costing $410,000 on account.

2.	Barr used $425,000 in direct materials in production.

3.	Barr's employees clocked 17,000 direct labor hours at an average wage rate of

$10.00 per direct labor hour.

4.	The company incurred $169,000 in manufacturing overhead, including $20,000 in

indirect labor costs.

5.	Using direct labor hours as the application base, the company applied $162,000 of

manufacturing overhead to jobs worked on in October.

6.	The company completed production on jobs costing $860,000.

7.	The company delivered jobs costing $1,070,000 to customer.

Required:

a.	Calculate the ending October balance of the Direct Materials, Work in Process,

and Finished Goods Inventory accounts.

b.	Calculate total manufacturing costs for October.

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Barr Manufacturing produces protective covers for eBookReaders. Since the covers must be customized ...

Managerial Accounting

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