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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
t Account Analysis with Unknowns
e6A. Partial operating data for Census Company follow. Management has set the prede- termined overhead rate for the current year at 125 percent of direct labor costs.
Â
|
Account/transaction Beginning Materials Inventory |
June $Â Â (a) |
July $ Â (e) |
|
Beginning Work in Process Inventory |
8,605 |
(f ) |
|
Beginning Finished Goods Inventory |
7,764 |
6,660 |
|
Direct materials requested |
5,025 |
(g) |
|
Materials purchased |
5,100 |
6,216 |
|
Direct labor costs |
4,760 |
5,540 |
|
Overhead applied |
(b) |
(h) |
|
Cost of units completed |
(c) |
21,861 |
|
Cost of Goods Sold |
16,805 |
(i) |
|
Ending Materials Inventory |
3,014 |
2,628 |
|
Ending Work in Process Inventory |
(d) |
(j) |
|
Ending Finished Goods Inventory |
6,660 |
3,515 |
Using T accounts, compute the unknown values. Show all your computations.
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