Dolan Company's accounting records reflect the following inventories: Dec. 31, 2013 Dec. 31, 2012 Raw materials inventory $310,000 Work in process inventory $300,000 Finished goods inventory $190,000 $260,000 $160,000 $150,000 If Dolan Company's cost of goods manufactured for 2013 amounted to $1,390,000, its cost of goods sold for the year is: A) $1,500,000. B) $1,250,000. C) $1,350,000. D) $1,430,000.

Ogleby Inc's accounting records reflect the following inventories: Dec. 31. 2016 T Dec 31, 2017 Raw materials inventory $120,000 $96.000 Work in process inventory 156,000 174,000 Finished goods inventory 138.000 150,000 During 2017, Ogleby purchased $890,000 of raw materials, incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000. How much is total manufacturing costs incurred during 2017 for Ogleby? $1,403,000 $1,313,000 $1,385,000 $1,379,000

The following cost and inventory data are taken from the accounting records of King Company for the year ending 31/12/2021. They relate to 20,000 units produced. Units sold during the year were 18,000 units.   Direct labor cost                   €  50,000 Indirect labor 30,000 Indirect materials cost 3,000 Selling and distribution costs 80,000 Administrative salaries 40,800 Purchases of direct materials 150,000 Other costs and expenses (60% factory / 40% sales and administration)              30,000 Factory Heat, water and power 25,000                                         Beginning of                   End of                                         the year                      the year D/M inventory                    € 5,000                        €12,000 Work in process inventory      9,000                           4,000 Finished goods inventory         0                                  ?   Required Prepare the schedule of the cost of goods manufactured What is the cost of…

The following accounts of ABC Manufacturing Co. appeared in its balance sheets on December 31, 2013 and December 31, 2014: Materials inventory Work in process inventory Finished goods inventory 2013 P60,000 34,000 46,000 Materials used Cost of goods sold Direct labor Indirect labor The following amounts appeared in the company's statement of comprehensive income for 2014: P 600,000 1,840,000 410,000 140,000 2014 P90,000 35,000 36,000 REQUIREMENT: Compute for the: a) Amount of raw materials purchased b) Cost of goods manufactured

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. Pan Company's accounting records reflect the following inventories: Dec. 31, 2016 $260,000 160,000 150,000 Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2017 $310,000 300,000 190,000 During 2017, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. The total raw materials available for use during 2017 for Pan Company is

The following information is available for Crouching Alligator Manufacturing Company for the month ending October 31, 2016: Cost of goods manufactured            $450,000 Selling expenses                                $144,500 Administrative expenses                   $75,900 Sales                                                  $911,250 Finished goods inventory, July 1       $101,250 Finished goods inventory, July 31     $93,800 For the month ended October 31, 2016, determine Crouching Alligators (a) cost of goods sold, (b) gross profit, and (c) net income.

Cille Yuan Manufacturing Company makes only one product. The company has a normal capacity of 32,000 units annually. Cille Yuan is expecting to produce 30,000 units next year but during the year, it actually produced 31,000 units. The company accountant has budgeted the following factory overhead costs for the coming year: Indirect materials P2 per unit 144,000 plus P2 per unit 60,000 plus PO.04 per unit 20,000 plus PO.34 per unit 16,000 plus PO.12 per unit 210,000 per year 50,000 per year 12,000 per year Indirect labor Plant utilities Repairs for the plant Material handling costs Depreciation plant assets Rent of plant building Insurance on plant building Using the most appropriate overhead application based, the applied factory overhead for the year is

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Inventory balances for the Jameson Company in October 2018 are as follows: ​ ​ October 1, 2018 October 31, 2018 Raw materials $ 20,000  $21,000  Work in process   48,000 37,200 Finished goods 108,000 90,000 ​ During October, purchases of direct materials were $36,000. Direct labor and factory overhead costs were $60,000 and $84,000, respectively. ​ What is the cost of materials used in production?