In July, Econo Company purchased materials costing $18,400 and incurred direct labor costs of $27,000. Overhead totaled $32,700 for the month. Information on inventories was as follows: July 1 July 31 Materials $4,500 $2,500 Work in process $ 700 $1,200 Finished goods $3,100 $2,700 What was the cost of goods manufactured for July?

The following information pertains to Acme Manufacturing Company for June. Assume actual overhead equaled applied overhead.                                                                     June 1                                June 30 Inventory Balances                                               Raw Materials                            $100,000                               $60,000       Work in Process                           120,000                               145,000       Finished Goods                              78,000                                 80,000   Activity during June:       Raw materials purchased          $120,000       Direct labor costs                         100,000       Manufactured overhead               63,000   Complete the following Schedule of Cost of Goods Manufactured and Sold

Provide Answer with calculation and explanation

The following costs relate to one month's activity in Martin Company:    Indirect materials $   300  Rent on factory building $   500  Maintenance of equipment $     50  Direct material used $1,200  Utilities on factory $   250  Direct labour $1,500  Selling expense $   500  Administrative expense $   300  Work-in-process inventory, beginning $   600  Work-in-process inventory, ending $   800  Finished goods inventory, beginning $   500  Finished goods inventory, ending $   250   Required:   (a.) Prepare a schedule of cost of goods manufactured in good form.   (b.) Determine the cost of goods sold.

During March, the following costs were charged to the manufacturing department: $15,480 for materials; $14,900 for labor; and $13,900 for manufacturing overhead. The records show that 31,000 units were completed and transferred, while 3,400 remained in ending inventory. There were 34,400 equivalent units of material and 32,360 of conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work in process inventory? When required, round cost per unit to two decimal places and the final answers to the nearest dollar. Cost of inventory transferred $fill in the blank 1 Balance in work in process $fill in the blank 2

COGM?

Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $180,000 $145,500 Work in process 334,600 290,700 Finished goods 675,000 715,000 Direct labor $2,260,000 Materials purchased during January 1,375,000 Factory overhead incurred during January: Indirect labor 115,000 Machinery depreciation 90,000 Heat, light, and power 55,000 Supplies 18,500 Property taxes 10,000 Miscellaneous costs 33,100 a. Prepare a cost of goods manufactured statement for January.

Primare Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials used in production $ 4,510 Direct labor $ 59, 200 Manufacturing overhead applied to work in process $ 88, 200 Underapplied overhead $ 4, 020 Inventories Beginning Ending Raw materials $ 11,000 $ 19, 200 Work in process $ 54, 100 $ 65,100 Finished goods $ 34,900 $ 43,000 Required: Prepare a schedule of cost of goods manufactured. Prepare a schedule of cost of goods sold. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.

The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows: April 1, work in process:      Materials cost, 3,000 units $  8,142   Conversion costs, 3,000 units, 40% completed 5,220 Materials added during April, 10,000 units 25,698 Conversion costs during April 32,143 Goods finished during April, 12,000 units 0 April 30 work in process, 1,000 units, 40% completed 0 All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is a.$3.21 b.$2.47 c.$2.80 d.$2.87