If the work in process inventory balance decreased by $3,200 during the period and the total manufacturing costs added to production are $200,000, then what is the cost of goods manufactured?
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If the work in process inventory balance decreased by $3,200 during the period and the total
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- Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced (carry your answer to four significant digits)?Calculate the cost of goods manufactured if total manufacturing costs were $15,786, beginning work in process was $23,426 and ending work in process was $1,143. Beginning Work in Process was $11,209; Total Manufacturing Costs was $52,110; Beginning Raw Materials Inventory was $18,007; And the Cost of Goods Manufactured was $38,605. What would be the amount in Ending Work in Process? What are total manufacturing costs if direct labor was $18,511, direct material was $51,897, manufacturing overhead was $35,727 and selling expenses were $6,500?Could you explain why the manufacturing cost of $2,815,000 was used to calculate the unit cost rather than the total manufacturing cost of goods for $2,960,000?
- If beginning and ending work in process inventories are $6,400 and $16,400, respectively, and cost of goods manufactured is $185,000, what is the total manufacturing cost for the period? ForAssume 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?Circetrax, Inc. has provided the following financial information for the year: Finished Goods Inventory: Beginning balance, in units Units produced Units sold Ending balance, in units Production costs: Variable manufacturing costs per unit Total fixed manufacturing costs What is the unit product cost for the year using absorption costing? OA. $117 630 1,400 1,500 530 $50 $42,000 W
- I need only question 8 and 10 to be solved please 8.- What is the total amount of actual manufacturing overhead cost incurred during the year? 10.- What is the cost of goods available for sale during the year?The related data of Mireia Company: Cost of goods sold P1,687,800 Estimated overhead cost 2,000,000 Estimated direct labor hours 100,000 Actual overhead cost 1,789,300 Actual direct labor hours 87,100 Factory overhead is based on direct labor hours. How much is the adjusted cost of goods sold?What are the total costs to account for if a company’s beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?
- Beginning work in process (WIP) was $110,800, and ending WIP was $120,100. If total manufacturing costs were $334,750, what was the cost of goods manufactured?The following information is available for the Golden Problem 1-2. Manufacturing Company for the current year: Gross profit Cost of goods manufactured Increased in work in process Increased in finished goods P2,304,000 P2,720,000 540,000 468,000 TodaJ Determine the total sales for the year. Puoblam 1.35.Total manufacturing costs for the year plus beginning Work in Process Inventory cost equals a. cost of goods manufactured in the year. b. ending Work in Process Inventory. c. total manufacturing costs to account for. d. cost of goods available for sale.
