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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 12.00

cost of goods

Use the following data to determine the cost of goods manufactured:

  Beginning finished goods inventory

$ 29,700

  Direct Labor

85,500

  Beginning goods in process inventory

19,800

  General and administrative expenses

37,800

  Direct materials used

113,400

  Ending goods in process inventory

25,200

  Indirect Labor

17,100

  Ending finished goods inventory

26,600

  Indirect materials

37,800

  Depreciation - factory equipment

21,000

a.

$286,200

b.

$291,600

c.

$269,400

d.

$287,820

e.

$319,800

Juliet Corporation has accumulated the following accounting data for the year:
  

  Finished goods inventory, January 1

$ 4,800

  Finished goods inventory, December 31

5,800

  Total cost of goods sold

6,200  

  
The cost of goods manufactured for the year is:

a.

$400

b.

$1,400

c.

$7,200

d.

$9,600

e.

$12,000

Ajax Company accumulated the following account information for the year:

  Beginning raw materials inventory

$ 14,400

  Indirect materials cost

4,800

  Indirect labor cost

12,000

  Maintenance of factory equipment

5,600

  Direct labor cost

16,800


Using the above information, total factory overhead costs would be:

a.

$22,400

b.

$39,200

c.

$36,800

d.

$31,200

e.

$17,600

The beginning and ending finished goods inventories of a company were $154,000 and $160,500 respectively. If cost of goods sold equaled $915,500, what is the amount of cost of goods manufactured for this period?

a.

$755,000

b.

$761,500

c.

$909,000

d.

$922,000

e.

$6,500

The beginning and ending finished goods inventories of a company were $154,000 and $160,500 respectively. If cost of goods sold equaled $915,500, what is the amount of cost of goods manufactured for this period?

  
     

a.

$755,000

b.

$761,500

c.

$909,000

d.

$922,000

e.

$6,500

The following costs are included in a recent summary of data for a company: advertising expense, $93,500; depreciation expense - factory building, $141,500; direct labor, $258,500; direct material used, $308,500; factory utilities, $113,500; and sales salaries expense, $158,500. Determine the dollar amount of conversion costs.

  
     

a.

$1,074,000

b.

$567,000

c.

$513,500

d.

$252,000

e.

$255,000

The following information is available for Talking Toys, Inc. for the current year:

  Direct materials used

$ 13,700

  Goods in process, January 1

55,000

  Goods in process, December 31

41,000

  Total Factory overhead

  6,000

  Direct labor used

29,000


The total cost of goods manufactured for the year was:

a.

$14,000.

b.

$48,700.

c.

$62,700.

d.

$102,000.

e.

$56,700

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 06:08 PM My Price 12.00

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