he following cost data relate to the manufacturing activities of Chang Company during the just completed year:   Manufacturing overhead costs incurred:   Indirect materials $ 16,400 Indirect labor 144,000 Property taxes, factory 9,400 Utilities, factory 84,000 Depreciation, factory 210,900 Insurance, factory 11,400 Total actual manufacturing overhead costs incurred $ 476,100 Other costs incurred:   Purchases of raw materials (both direct and indirect) $ 414,000 Direct labor cost $ 74,000 Inventories:   Raw materials, beginning $ 21,400 Raw materials, ending $ 31,400 Work in process, beginning $ 41,400 Work in process, ending $ 71,400

Model Magic Manufacturing reported the following year-end balances: Beginning work in process inventory, $35,000; beginning raw materials inventory, $18,000; ending work in process inventory, $38,000; ending raw materials inventory, $15,000; raw materials purchased, $510,000; direct labor, $180,000; and manufacturing overhead, $75,000. What is the amount of total work in process for Model Magic for the current year? $513,000. $768,000. $803,000. $765,000.

Selected data for Lemon​ Grass, Inc. for the year are provided​ below:   Factory Utilities $2,100 Indirect Materials Used 32,500 Direct Materials Used 309,000 Property Taxes on Factory Building 5,400 Sales Commissions 83,000 Indirect Labor Incurred 20,000 Direct Labor Incurred 145,000 Depreciation on Factory Equipment 6,800   What is the total manufacturing​ overhead?   A. $52,500   B. $14,300   C. $454,000   D.

The following costs were incurred by ABC Company: Direct labor                                                    $ 950,000 Direct material purchases                             645,000 Depreciation on plant                                       55,000 Factory supervisor's salary                             98,000 Plant maintenance                                           26,000 Plant utilities                                                      30,000 Sales                                                              2,555,000 Selling and administrative expenses           480,000 Beginning direct materials inventory             72,000 Beginning work-in-process inventory            54,000 Beginning finished goods inventory               75,000 Ending direct materials inventory                 68,000 Ending work-in-process inventory                  51,000 Ending finished goods inventory                    88,000   Required: Calculate the following values: Direct materials used Cost…

Current information for the Healey Company follows:  Beginning raw materials inventory $ 15,700 Raw material purchases 65,000 Ending raw materials inventory 17,100 Beginning work in process inventory 22,900 Ending work in process inventory 28,500 Direct labor 45,300 Total factory overhead 30,500  All raw materials used were direct materials. Healey Company's total manufacturing costs for the year are:

Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: $40,000 Direct materials used Direct labor Beginning work in process Ending work in process 20,000 Manufacturing overhead Beginning finished goods 50,000 Operating expenses Ending finished goods 30,000 $240,000 100,000 300,000 350,000

Wildhorse Corporation has the following cost records for the year ended December 31, 2022: Indirect factory labour $5,360 Direct materials used 250,300 Work in process (1/1/2022) 31,800 Work in process (12/31/2022) 26,800 Finished goods (1/1/2022) 35,800 Finished goods (12/31/2022) 29,300 Factory utilities 41,300 Depreciation, factory equipment 34,400

Francum Company has the following data: direct labor $232,000, direct materials used $182,000, total manufacturing overhead $240,000, and beginning work in process $32,000. Compute total manufacturing costs.

Uhtred Manufacturing had the following transactions in October: Purchased raw materials on account, $58,800. Used materials in production: $21,900 in the Mixing Department; $4,800 in the packaging Department; $920 in indirect materials. Incurred labor costs: $7,500 in the Mixing Department; $4,050 in the Packaging Department; $2,520 in indirect labor. Incurred manufacturing overhead costs: $9,540 in machinery depreciation; paid $2,890 for rent and paid for utilities at a cost of $1,920. Prepare the journal entries for Uhtred Manufacturing.

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.