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ashly138 ashly138
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7 years ago
Newfoundland Industries Inc. had the following account balances at the end of the current year:

Direct materials:   
     Beginning inventory   $13,000
     Purchases   122,000
     Ending inventory   ?
Direct manufacturing labour   67,000
Manufacturing overhead   28,000
Cost of goods manufactured   210,000
Beginning work-in-process inventory   ?
Ending finished goods inventory   ?
Beginning finished goods inventory   22,000
Ending work-in-process inventory   14,000
Manufacturing costs incurred   ?
Cost of goods sold   215,000
Total manufacturing costs to account for   224,000
Direct materials used   118,000

Required:
Determine the amounts for direct material ending inventory, manufacturing costs incurred, ending work-in-process inventory, and ending finished goods inventory.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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ashly138 Author
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7 years ago
Thank you, thank you, thank you!
rudy.zondo
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this is exactly what I needed
momochiime
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2 hours ago
Thanks for your help!!
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