Recent Posts • Latest Topics • Unanswered Questions

Niles Corporation is a manufacturer that uses job-order costing. The company has supplied the ...

danby

wrote...

Go to Answer

Posts: 161

Rep:

2 years ago

Niles Corporation is a manufacturer that uses job-order costing. The company has supplied the ...

Niles Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:

Beginning inventories:
Raw materials	$ 47,000
Work in process	$ 20,000
Estimated total manufacturing overhead at the beginning of the year	$646,250
Estimated direct labor-hours at the beginning of the year	47,000	direct labor-hours

Results of operations:

Raw materials purchased on account	$ 538,000
Raw materials (all direct) requisitioned for use in production	$ 535,000
Direct labor cost	$ 699,000
Actual direct labor-hours	37,000	direct labor-hours
Manufacturing overhead:
Indirect labor cost	$ 134,000
Other manufacturing overhead costs incurred	$ 453,000
Cost of goods manufactured	$1,568,000

How much is the ending balance in the Raw Materials inventory account?

▸ $97,000

▸ $585,000

▸ $47,000

▸ $50,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

Read 95 times

1 Reply

Report

Replies

Answer verified by a subject expert

krafty

wrote...

Posts: 156

Rep:

2 years ago

More solutions for this book are available here

Report

Related Topics

danby Author

wrote...

2 years ago

This site is awesome

lolaww

wrote...

Yesterday

Smart ... Thanks!

Roselalo

wrote...

2 hours ago

Thanks

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1265 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

779

126

484

Your Opinion

Previous poll results: What's your favorite coffee beverage?

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2025 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.