A manufacturing company has the following information in the accounting records for the month of October: Direct labour $25,000 Purchases of raw materials $73,000 Factory insurance $9,600 Advertising $9,000 Factory property taxes $7,500 Sales commissions $4,600 Work in process inventory, Oct 1 $10,700 Work in process inventory, Oct 31 $12,000 Materials inventory, Oct 1 $5,200 Materials inventory, Oct 31 $7,900 Finished goods inventory, Oct 1 $20,000 Finished goods inventory, Oct 31 $16,700 a. What was the cost of direct materials used in October? b. What was the total manufacturing cost in October?
A manufacturing company has the following information in the accounting records for the month of October: Direct labour $25,000 Purchases of raw materials $73,000 Factory insurance $9,600 Advertising $9,000 Factory property taxes $7,500 Sales commissions $4,600 Work in process inventory, Oct 1 $10,700 Work in process inventory, Oct 31 $12,000 Materials inventory, Oct 1 $5,200 Materials inventory, Oct 31 $7,900 Finished goods inventory, Oct 1 $20,000 Finished goods inventory, Oct 31 $16,700 a. What was the cost of direct materials used in October? b. What was the total manufacturing cost in October?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 9P: Glasson Manufacturing Co. produces only one product. You have obtained the following information...
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![A manufacturing company has the following
information in the accounting records for the
month of October: Direct labour $25,000
Purchases of raw materials $73,000 Factory
insurance $9,600 Advertising $9,000 Factory
property taxes $7,500 Sales commissions
$4,600 Work in process inventory, Oct 1
$10,700 Work in process inventory, Oct 31
$12,000 Materials inventory, Oct 1 $5,200
Materials inventory, Oct 31 $7,900 Finished
goods inventory, Oct 1 $20,000 Finished
goods inventory, Oct 31 $16,700 a. What was
the cost of direct materials used in October?
b. What was the total manufacturing cost in
October?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2781b477-a13d-4959-ac03-8179b0539c9f%2Faf550314-e3a8-4e55-9bed-08a61c2aeaec%2Fg7no132_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A manufacturing company has the following
information in the accounting records for the
month of October: Direct labour $25,000
Purchases of raw materials $73,000 Factory
insurance $9,600 Advertising $9,000 Factory
property taxes $7,500 Sales commissions
$4,600 Work in process inventory, Oct 1
$10,700 Work in process inventory, Oct 31
$12,000 Materials inventory, Oct 1 $5,200
Materials inventory, Oct 31 $7,900 Finished
goods inventory, Oct 1 $20,000 Finished
goods inventory, Oct 31 $16,700 a. What was
the cost of direct materials used in October?
b. What was the total manufacturing cost in
October?
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