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Find the required amounts, assuming each is an independent case.

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6 years ago

Find the required amounts, assuming each is an independent case.

Find the required amounts, assuming each is an independent case.

a.   Direct Materials   Beginning balance   $14,000
   Ending balance   28,000
   Purchases   96,000
   Direct materials used   ?

b.   Finished Goods Inventory   Cost of goods manufactured   124,000
   Ending balance   40,000
   Cost of goods sold   122,000
   Beginning balance   ?

c.   Work in Process Inventory   Ending Balance   44,000
   Cost of goods manufactured   42,000
   Beginning balance   16,000
   Current manufacturing costs   ?

d.   Merchandise Inventory   Purchases   420,000
   Cost of goods sold   446,000
   Beginning balance   82,000
   Ending balance   ?

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

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