Sales Gross profit Indirect labor Indirect materials Other factory overhead Materials purchased Total manufacturing costs for the period Materials inventory, end of period Using the above information, determine the following amounts: a. Cost of goods sold b. Direct materials cost c. Direct labor cost $1,337,000 361,000 120,300 49,500 22,700 681,900 1,476,000 49,500 +A 976,000 582,900 ✔ 22,700 X

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 12MC: In a job order cost system, raw materials purchased are debited to which account? A. raw materials...
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equipment:
Sales
Gross profit
Indirect labor
Indirect materials
Other factory overhead
Materials purchased
Total manufacturing costs for the period
Materials inventory, end of period
Using the above information, determine the following
amounts:
a. Cost of goods sold
b. Direct materials cost
c. Direct labor cost
$1,337,000
361,000
120,300
49,500
22,700
681,900
1,476,000
49,500
tA
976,000
582,900
22,700 X
Transcribed Image Text:equipment: Sales Gross profit Indirect labor Indirect materials Other factory overhead Materials purchased Total manufacturing costs for the period Materials inventory, end of period Using the above information, determine the following amounts: a. Cost of goods sold b. Direct materials cost c. Direct labor cost $1,337,000 361,000 120,300 49,500 22,700 681,900 1,476,000 49,500 tA 976,000 582,900 22,700 X
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