Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for August Inventories: August 1 August 31 Raw material $15,000 $18,000 Work in process 6,000 9,000 Finished goods 36,000 27,000 Additional information for December: Raw material purchased $42,000 Direct labor hours 5,000 Direct labor rate per hour 7.50 Overhead rate per direct labor hour 10.00 For December, Cost of Goods Manufactured was Group of answer choices a)$118,000. b)$109,000. c)$112,000. d)$117,500
Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for August Inventories: August 1 August 31 Raw material $15,000 $18,000 Work in process 6,000 9,000 Finished goods 36,000 27,000 Additional information for December: Raw material purchased $42,000 Direct labor hours 5,000 Direct labor rate per hour 7.50 Overhead rate per direct labor hour 10.00 For December, Cost of Goods Manufactured was Group of answer choices a)$118,000. b)$109,000. c)$112,000. d)$117,500
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...
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Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for August
Inventories: |
August 1
|
August 31
|
Raw material |
$15,000
|
$18,000
|
Work in process |
6,000
|
9,000
|
Finished goods |
36,000
|
27,000
|
Additional information for December: | ||
Raw material purchased |
$42,000
|
|
Direct labor hours |
5,000
|
|
Direct labor rate per hour |
7.50
|
|
Overhead rate per direct labor hour |
10.00
|
|
For December, Cost of Goods Manufactured was
Group of answer choices
a)$118,000.
b)$109,000.
c)$112,000.
d)$117,500
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