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StormLrd StormLrd
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6 years ago
Evans Inc., had the following activities during 2015:

Direct materials:
   Beginning inventory   $40,000
   Purchases   123,200
   Ending inventory   20,800
Direct manufacturing labour   32,000
Manufacturing overhead   24,000
Beginning work-in-process inventory   1,600
Ending work-in-process inventory   8,000
Beginning finished goods inventory   48,000
Ending finished goods inventory   32,000

Required:
a.   What is the cost of direct materials used during 2015?
b.   What is cost of goods manufactured for 2015?
c.   What is cost of goods sold for 2015?
Assume that Evans uses a two-part classification system for prime and conversion costs.
d.   What amount of prime costs was added to production during 2015?
e.   What amount of conversion costs was added to production during 2015?
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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AllopaAllopa
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Brilliant ツ
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