Calculate (a) cost of sales, (b) direct material and (c) direct labor based on the following information: (be sure to label your answers appropriately) Sales 1,000,000 Gross Profit 400,000 Materials purchased 300,000 Indirect materials 20,000 Total manufacturing cost 1,200,000 Factory overhead 100,000 Materials inventory 50,000

Mason Company provided the following data for this year: Sales $ 659,000 Direct labor cost $ 82,000 Raw material purchases $ 131,000 Selling expenses $ 101, 000 Administrative expenses $ 48,000 Manufacturing overhead applied to work in process $ 226,000 Actual manufacturing overhead costs $ 202, 000 Inventories Beginning Ending Raw materials $ 8,800 $ 10, 500 Work in process $ 5,100 $ 21,000 Finished goods $ 77,000 $25, 600 Required: Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Prepare a schedule of cost of goods sold. Assume the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare an income statement.

Given the following data for Mehring Company, what are (A) total manufacturing costs and (B) cost of goods manufactured? Direct materials Beginning work in process $230,000 used inventory Direct labor Manufacturing overhead Operating expenses OA) B) C) D) (A) 150,000 255,000 263,000 (B) Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $635,000 $620,000 $650,000 $665,000 $620,000 $650.000 $635,000 $650,000 $30,000 15,000 38,000 23,000

I want correct solution

Please solve this problem

Assume the following:  Purchases of raw materials $ 38,000 Beginning raw materials inventory $ 10,000 Ending raw materials inventory $ 14,000 Direct materials used in production $ 29,600 What was the amount of indirect materials used in production?

Keeton Company had the following data: Cost of materials used   $60,000 Direct labor costs   58,000 Factory overhead   33,000 Work in process inventory, beginning   29,000 Work in process inventory, ending   18,000 Finished goods inventory, beginning   32,000 Finished goods inventory, ending   18,000   Determine the cost of goods sold.$fill in the blank 1

The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75,000 90,000 Finished goods 40,000 25,000 Refer to Figure 2-14. What is the cost of goods manufactured? Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 90,000 75,000 40,000 25,000 Finished goods Refer to Figure 2-14. What is the cost of goods manufactured? $1,115,000 $965,000 $955,000 $950,000

8. complete the following table to determine what are the total costs to account for if a company’s beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)? PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed for that space, please enter "$0" with no quotation marks.   Material Costs Conversion Costs Total Costs Beginning work in process ? ? x     Added: ? ? x Direct materials ? ? x Direct labor ? ? x Manufacturing overhead ? ? x Total Costs ? ? ?

Here are selected data for Ramalingagowda Company: Cost of goods manufactured $320,000 Work in process inventory, beginning 109,000 Work in process inventory, ending 104,000 Direct materials used  73,000   Manufacturing overhead is allocated at 50% of direct labor cost. What was the approximate amount of manufacturing overhead costs?   Select one: a. $161,333 b. $80,667 c. $242,000 d. $78,000 e. $151,250