The following information is available for Shamrock Company.Raw materials inventoryWork in process inventoryFinished goods inventoryMaterials purchasedDirect laborManufacturing overheadSales revenueJanuary 1, 2022$18,80012,30024,350LA2022$135,000198,000162,000819,000Compute cost of goods manufactured. (Assume that all raw materials used were direct materials.)SHAMROCK COMPANYCost of Goods Manufactured ScheduleDecember 31, 2022LALA$27,00015,55018,900

The following information is available for Shamrock Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue January 1, 2022 $18,800 12,300 24,350 $ 2022 $135,000 198,000 162,000 819,000 Compute cost of goods manufactured. (Assume that all raw materials used were direct materials.) SHAMROCK COMPANY Cost of Goods Manufactured Schedule December 31, 2022 $27,000 15,550 18,900

The following information is available for Shamrock Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue January 1, 2022 $18,800 12,300 24,350 $ 2022 $135,000 198,000 162,000 819,000 Compute cost of goods manufactured. (Assume that all raw materials used were direct materials.) SHAMROCK COMPANY Cost of Goods Manufactured Schedule December 31, 2022 $27,000 15,550 18,900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Inventory of work in process Inventory of finished goods Direct materials used Direct labor Manufacturing overhead Selling expenses December 31 $ 40,000 60,000 a. Work in process inventory b. Cost of finished goods manufactured c. Cost of goods sold d. Total manufacturing costs 250,000 120,000 145,000 135,000 January 1 $ 18,000 68,000 Required: a. Find the amount debited to the Work In Process Inventory account during the year. b. What is the cost of finished goods manufactured for the year? c. What is the cost of goods sold for the year? d. What are the total manufacturing costs for the year?
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The following information is available for Windsor Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue (a) Jan, 1 led Dec 31 V V V > > January 1, 2022 $25,200 << < 17,100 33,150 Compute cost of goods manufactured. (Assume that all raw materials used were direct materials.) 2022 $183,000 268,400 219,600 $ 1,110,200 WINDSOR COMPANY Cost of Goods Manufactured Schedule December 31, 2022 183000 171600 $36,600 $ 21.150 25,620 268400 219600 659.600 $ 0000 $ 21 670 21 655
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Cullumber Company's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory O $1280000. O $750000. O $840000. O $1230000. Dec. 31, 2022 $390000 Save for Later 300000 190000 Dec. 31, 2021 $340000 160000 During 2022, $890000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. (Assume that all raw materials used were direct materials.) The total raw materials available for use during 2022 for Cullumber Company is 150000 Attempts: 0 of 1 used Submit Answer
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