Maurice Tutor

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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 23 Aug 2017 My Price 8.00

Materials Inventory

Cost Flow in a Manufacturing organization

se4. Given the following information, compute the ending balances of the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory accounts:

 

Materials Inventory, beginning balance

$  25,000

Work in Process Inventory, beginning balance

5,750

Finished Goods Inventory, beginning balance

38,000

Direct materials purchased

85,000

Direct materials used

74,000

Direct labor costs

70,000

Overhead costs

35,000

Cost of goods manufactured

133,000

Cost of goods sold

103,375

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 10:08 PM My Price 8.00

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