Question :
118.Using $2,500,000 as the total manufacturing costs, compute the cost : 1311591
118.Using $2,500,000 as the total manufacturing costs, compute the cost of goods manufactured using the following information.
Raw materials inventory, January 1$ 20,000
Raw materials inventory, December 3140,000
Work in process, January 118,000
Work in process, December 3112,000
Finished goods, January 140,000
Finished goods, December 3132,000
Raw materials purchases1,400,000
Direct labor560,000
Factory utilities150,000
Indirect labor50,000
Factory depreciation400,000
Operating expenses420,000
a.$2,492,000.
b.$2,494,000.
c.$2,506,000.
d.$2,508,000.
119.Using $2,540,000 as the cost of goods manufactured, compute the cost of goods sold using the following information.
Raw materials inventory, January 1$ 20,000
Raw materials inventory, December 3140,000
Work in process, January 118,000
Work in process, December 3112,000
Finished goods, January 140,000
Finished goods, December 3132,000
Raw materials purchases1,400,000
Direct labor560,000
Factory utilities150,000
Indirect labor50,000
Factory depreciation400,000
Operating expenses420,000
a.$2,546,000.
b.$2,508,000.
c.$2,532,000.
d.$2,548,000.
120.Using the following information, compute the cost of direct materials used.
Raw materials inventory, January 1$ 30,000
Raw materials inventory, December 3160,000
Work in process, January 127,000
Work in process, December 3118,000
Finished goods, January 160,000
Finished goods, December 3148,000
Raw materials purchases1,500,000
Direct labor690,000
Factory utilities225,000
Indirect labor75,000
Factory depreciation500,000
Operating expenses630,000
a.$1,590,000.
b.$1,530,000.
c.$1,500,000.
d.$1,470,000.
121.Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below.
Raw materials inventory, January 1$ 30,000
Raw materials inventory, December 3160,000
Work in process, January 127,000
Work in process, December 3118,000
Finished goods, January 160,000
Finished goods, December 3148,000
Raw materials purchases1,500,000
Direct labor690,000
Factory utilities225,000
Indirect labor75,000
Factory depreciation500,000
Operating expenses630,000
a.$2,990,000.
b.$2,981,000.
c.$2,690,000.
d.$3,620,000.
122. Assuming that the total manufacturing costs are $2,900,000, compute the cost of goods manufactured using the information below.
Raw materials inventory, January 1$ 30,000
Raw materials inventory, December 3160,000
Work in process, January 127,000
Work in process, December 3118,000
Finished goods, January 160,000
Finished goods, December 3148,000
Raw materials purchases1,500,000
Direct labor690,000
Factory utilities225,000
Indirect labor75,000
Factory depreciation500,000
Operating expenses630,000
a.$2,888,000.
b.$2,891,000.
c.$2,909,000.
d.$2,912,000.
123.Assuming that the cost of goods manufactured is $2,960,000 compute the cost of goods sold using the following information.
Raw materials inventory, January 1$ 30,000
Raw materials inventory, December 3160,000
Work in process, January 127,000
Work in process, December 3118,000
Finished goods, January 160,000
Finished goods, December 3148,000
Raw materials purchases1,500,000
Direct labor690,000
Factory utilities225,000
Indirect labor75,000
Factory depreciation500,000
Operating expenses630,000
a.$2,969,000.
b.$2,912,000.
c.$2,948,000.
d.$2,972,000.
124.Samson Company reported total manufacturing costs of $300,000, manufacturing overhead totaling $52,000, and direct materials totaling $64,000. How much is direct labor cost?
a.Cannot be determined from the information provided.
b.$416,000
c.$416,000
d.$184,000
125.Given the following data for Mehring Company, compute (A) total manufacturing costs and (B) cost of goods manufactured:
Direct materials used$230,000Beginning work in process$30,000
Direct labor150,000Ending work in process15,000
Manufacturing overhead225,000Beginning finished goods38,000
Operating expenses263,000Ending finished goods23,000
(A) (B)
a.$590,000$620,000
b.$605,000$590,000
c.$605,000$620,000
d.$620,000$635,000
126.Penner Company reported total manufacturing costs of $410,000, manufacturing overhead totaling $78,000, and direct materials totaling $96,000. How much is direct labor cost?
a.Cannot be determined from the information provided.
b.$584,000
c.$174,000
d.$236,000
127.Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured:
Direct materials used$270,000Beginning work in process$40,000
Direct labor200,000Ending work in process20,000
Manufacturing overhead300,000Beginning finished goods50,000
Operating expenses350,000Ending finished goods30,000
(A) (B)
a.$750,000$790,000
b.$770,000$750,000
c.$770,000$790,000
d.$790,000$810,000
