The following data were taken from the records of Westbrooks Company: INVENTORIES   Aug. 31, 2020   Sept. 30, 2020 Raw Materials ₱00? ₱50,000 Work-in-Process ₱80,000 ₱95,000 Finished Goods ₱60,000 ₱78,000 Additional Information: Raw materials purchased    ₱46,000 Factory overhead, 75% of direct labor cost    ₱63,000 Selling and administrative expenses, 12.5% of sales   ₱25,000 Net Income for September 2020   ₱25,000 What is the total manufacturing cost.. Show solution Group of answer choices ₱183,000 ₱200,000 ₱150,000 ₱168,000

John Brown Inc.'s accounting records reflect the following inventories: Dec 31.2019 Dec 31, 2020 $80,000 $ 64,000 Raw materials inventory 104,000 116.000 Work in process inventory 92,000 100,000 Finished goods inventory    During 2020, John Brown purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000. How much is total manufacturing costs incurred during 2020 for John Brown? a $1,864.000 b. $1,876,000 c. $1,860,000 d. $1,872,000

1

Bubba Manufacturing Company provided the following information for the fiscal year to June 30, 2020: Inventories                    01/07/2019            30/06/2020 Direct Materials                  $72,000                  $65,000 Work-in-Process                  107,000                   128,000 Finished Goods                     149,500                    141,700   Other information: Office cleaner’s wages 4,500 Sales Revenue 1,031,000 Raw materials purchased 235,000 Factory wages 239,700 Indirect materials 23,500 Delivery truck driver’s wages 15,400 Indirect labor 9,500 Depreciation on factory plant & equipment 32,000 Insurance1 60,000 Depreciation on delivery truck 7,250 Utilities2 118,750 Administrative salaries 41,250 Special Design Costs 5,000 Selling expenses 9,000 Sales Comm ission 2% of gross profit 1 Of the total insurance, 66⅔% relates to the factory facilities & 33⅓% relates to general & administrative costs. 2 Of the total utilities, 80% relates to the…

Sun Inc. has provided the following information: $ 60,000 55,000 Beginning Work-in-Process Inventory Beginning Raw Materials Inventory Purchases and Freight In of Raw Materials Ending Raw Materials Inventory 315,000 80,000 Direct Labor 70,000 Depreciation-Plant and Equipment Plant Utilities, Insurance, and Property Taxes 25,000 15,500 Ending Work-in-Process Inventory Selling and distribution overhead 23,000 40,000 Calculate the cost of goods manufactured. a) $412,500 b) $437,500 c) $477,500 d) $422,000

Assume the following:  Purchases of raw materials $ 38,000 Beginning raw materials inventory $ 10,000 Ending raw materials inventory $ 14,000 Direct materials used in production $ 29,600 What was the amount of indirect materials used in production?

Company A, which follows the normal cost system, had the following information for the fiscal year just ended: Cost of sales: ₱576,000 Direct materials used: ₱204,000 Gross profit rate on sales: 36% Net operating income: ₱48,000 Total manufacturing costs: ₱528,000 Finished goods inventory, beginning is ₱61,000, while its ending balance is ₱9,000. Manufacturing overhead is applied at 50% of direct labor cost. Raw materials inventory, beginning is 87.5% more than its ending balance of ₱16,000. Sixty percent of the company’s total operating expenses are distribution costs. There were no other income nor other expenses during the fiscal year. Work-in-process inventory, end is ₱22,000.   1. How much should be the total amount of inventory presented in Company A’s statement of financial position? 2. How much was Company A’s work-in-process inventory beginning balance? 3. How much was Company A’s cost of raw materials purchases? 4. this independently from other questions: If actual…