Pioneer Manufacturing provided the following information: ⚫ Direct Labor: $8,500 ⚫ Direct Materials Used: $3,500 ⚫ Raw Materials Purchased: $7,000 • • Cost of Goods Manufactured: $25,000 Ending Work-in-Process: $2,200 Administrative Salaries: $1,200 ⚫ Manufacturing Overhead Incurred: $750 What was the beginning Work-in-Process inventory balance?

During March, the following costs were charged to the manufacturing department: $14886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show that 30,680 units were completed and transferred, while 2,400 remained in ending inventory. There were 33,080 equivalent units of material and 31,640 of conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work in process inventory?

SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials. Work in process, January 1 77,000 Materials inventory, January 1 31,000 Materials purchases 35,000 Materials inventory, December 31 26,000 Direct labor 48,000 Overhead 20,000 Work in process, December 31 62,000

Selected information concerning the operations of a company for the year ended December 31 is as follows: Work in process inventories at the beginning and end of the year were zero. Beginning inventory of finished goods was 9,650 (for 1,000 units). Cost of goods sold was 174,600. What was the companys finished goods inventory cost at December 31? a. 98,050 b. 29,100 c. 29,050 d. 40,600

OReilly Manufacturing Co.s cost of goods sold for the month ended July 31 was 345,000. The ending work in process inventory was 90% of the beginning work in process inventory. Factory overhead was 50% of the direct labor cost. No indirect materials were used during the period. Other information pertaining to OReillys inventories and production for July is as follows: Required: 1. Prepare a statement of cost of goods manufactured for the month of July. (Hint: Set up a statement of cost of goods manufactured, putting the given information in the appropriate spaces and solving for the unknown information. Start by using cost of goods sold to solve for the cost of goods manufactured.) 2. Prepare a schedule to compute the prime cost incurred during July. 3. Prepare a schedule to compute the conversion cost charged to Work in Process during July.

SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials. Work in process, January 1 20,500 Materials inventory, January 1 11,000 Materials purchases 12,000 Materials inventory, December 31 13,000 Direct labor 9,500 Overhead 5,500 Work in process, December 31 10,500

Assume the following information from a schedule of cost of goods manufactured:  Beginning work in process inventory $ 30,000 Total manufacturing costs added to production $ 200,000 Ending work in process inventory $ 44,000 What is the cost of goods manufactured?

Assume the following information from a schedule of cost of goods manufactured:  Beginning work in process inventory    $ 30,000Direct materials used in production    $ 50,000Direct labor    $ 60,000Total manufacturing costs to account for    $ 207,000Ending work in process inventory    $ 72,000 What is the manufacturing overhead applied to work in process?

Bristol Company's beginning balance in​ Work-in-Process Inventory was $13,000, and the ending balance was $16,500. The company used $130,000 in direct​ materials, incurred $78,000 in direct​ labor, and allocated $70,200 in manufacturing overhead. Calculate cost of goods manufactured.   A. $291,200   B. $248,700   C. $307,700   D. $274,700

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