Karmon Audio, Inc. manufactures speakers. During March, Karmon's transactions and accounts included the following: Raw materials acquired for cash $82.500 Cost of direct materials used in production 81.900 Costs to ship products to customers 1,000 Direct labor cost incurred 41,000 Total manufacturing overhead incurred 25.000 Raw materials inventory, beginning 3,500 Raw materials inventory, ending 3.600 Work in process inventory, beginning 12.000 Work in process inventory, ending 14,200 How much is cost of goods manufactured for March? s147,900 S146,300 S146,700 S145,700

the following data (in thousands of dollars) have been taken from the accounting records of Karstone Corporatino for the just completed year. Sales $880 Raw materials in inventory, beginning: $20 Raw materials inventory, ending: $30 Purchases of raw materials: $160 Direct labor: $180 Manufacturing overhead: $230 Administrative expenses $100 Selling expenses: $130  Work in process inventory, beginning: $80 Work in process inventory, ending: $30 Finished goods in inventory, beginning: $120 Finished goods in inventory, ending: $100 The cost of goods manufactured (finished) for the year (in thousands of dollars) was:  $610 $600 $500 $630 Show work/calculation

Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):   Selling expenses $ 217,000 Purchases of raw materials $ 265,000 Direct labor ? Administrative expenses $ 155,000 Manufacturing overhead applied to work in process $ 371,000 Actual manufacturing overhead cost $ 352,000   Inventory balances at the beginning and end of the year were as follows:     Beginning Ending Raw materials $ 50,000 $ 35,000 Work in process ? $ 28,000 Finished goods $ 32,000 ?   The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $725,000; the unadjusted cost of goods sold totaled $666,000; and the net operating income was $32,000. The company’s underapplied or overapplied overhead is closed to Cost of Goods Sold.   Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint:…

The following balances are from the accounts of Tappan Parts:     January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 22,300   $ 24,500   Work-in-process inventory   32,800     29,100   Finished goods inventory   5,800     7,100     Direct materials used during the year amount to $46,300 and the cost of goods sold for the year was $53,200.   Required: Prepare a cost of goods sold statement.

I figured out the materials inventory, but how do I find the WIP and Finished goods inventory?

A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule.

Kris GmbH has provided the following information regarding their inventories: Total Manufacturing Costs: $781,227 Work-in-Process inventory, Jan 1: $52,821 Work-in-Process inventory, Dec 31: $70,682 Finished Goods inventory, Jan 1: $176,432 Finished Goods inventory, Dec 31: $146,452 What is Cost of Goods Sold for the year?

The accounts of JB Hi-FI Inc. showed the following balances at the beginning of March: Account Debit Raw Materials Inventory $40,000 Work-in-Process Inventory 34,000 Finished Goods Inventory 50,000 Manufacturing Overhead 23,000 During the month, direct materials amounting to $21,000 and indirect materials amounting to $5,000 were transferred to production. What is the ending balance in the Raw materials Inventory account following these two transactions? Group of answer choices $10,000 $14,000 $28,000 $61,000