Two items are omitted from each of the following three lists of cost of goods manufactured statementdata. Determine the amounts of the missing items, identifying them by letter.$26,600(c)Work in process inventory, August 1Total manufacturing costs incurred during AugustTotal manufacturing costsWork in process inventory, August 31Cost of goods manufactured$a.b. $C.d.+A10000LAe.FA$BA$3,20022,400(a)4,900(b)$311,20065,400(d)(e)155,600$168,900(f)$141,900

The cost of goods manufactured (COGM) refers to the total cost incurred by a company to produce…

Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. Work in process inventory, August 1 $26,600 Total manufacturing costs incurred during August (c) Total manufacturing costs Work in process inventory, August 31 Cost of goods manufactured a. $ b. $ C. d. $ e. $ $3,200 22,400 (a) 4,900 (b) $311,200 65,400 (d) (e) 155,600 $168,900 (f) $141,900

Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. Work in process inventory, August 1 $26,600 Total manufacturing costs incurred during August (c) Total manufacturing costs Work in process inventory, August 31 Cost of goods manufactured a. $ b. $ C. d. $ e. $ $3,200 22,400 (a) 4,900 (b) $311,200 65,400 (d) (e) 155,600 $168,900 (f) $141,900

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...

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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?
During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of $125,900. Overhead Is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
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