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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Constanza Company has the following balances as of the year ended December 31, 2014:

   Direct Materials Inventory   $30,000   Dr.
   WIP Inventory   69,000   Dr.
   Finished Goods Inventory   99,000   Dr.
   Underapplied Factory Department Overhead   8,000   Dr.
   Cost of Goods Sold   149,000   Dr.

Additional information is as follows:

   Cost of direct materials purchased during 2014   $82,000
   Cost of direct materials requisitioned in 2014   74,000
   Cost of goods completed during 2014   204,000
   Factory overhead applied (120% of direct labor)   96,000

Required:
a.   Compute beginning direct materials inventory.
b.   Compute beginning WIP inventory.
c.   Compute beginning finished goods inventory.
d.   Compute actual factory overhead incurred.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
This solved my problem perfectly, thank you for your kind input.
wrote...
#3
9 years ago
Sweet, you're welcome.
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