Bryant Enterprises reported the following for April: Beginning balance, Raw Materials Inventory $30,480 Beginning balance, Work in Process Inventory 48,004 Beginning balance, Finished Goods Inventory 17,948 Purchases of raw materials 54,776 Factory electricity 10,186 Direct labor payroll 32,437 Depreciation on factory equipment 35,348 Insurance on factory building 8,930 Indirect materials used in production 7,188 Total raw materials used in production 65,577 Indirect labor payroll 24,828 Cost of goods manufactured 199,800 Cost of goods sold 208,640

Bryant Enterprises reported the following for April: Beginning balance, Raw Materials Inventory $30,480 Beginning balance, Work in Process Inventory 48,004 Beginning balance, Finished Goods Inventory 17,948 Purchases of raw materials 54,776 Factory electricity 10,186 Direct labor payroll 32,437 Depreciation on factory equipment 35,348 Insurance on factory building 8,930 Indirect materials used in production 7,188 Total raw materials used in production 65,577 Indirect labor payroll 24,828 Cost of goods manufactured 199,800 Cost of goods sold 208,640

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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