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ashly138 ashly138
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6 years ago
LaFleur Company has the following balances as of the year ended December 31, 2015.

   Direct Materials Inventory   $16,000   Dr.
   WIP Inventory   35,500   Dr.
   Finished Goods Inventory   47,500   Dr.
   Cost of Goods Sold   81,500   Dr.

Additional information is as follows:

   Cost of direct materials purchased during 2015   $42,000
   Cost of direct materials requisitioned in 2015   48,000
   Cost of goods completed during 2015   125,000
   Factory overhead applied (120% of direct labour)   60,000
   Overapplied factory overhead   4,000

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: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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AllopaAllopa
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