question archive The Duerr Company manufactures a single product
The Duerr Company manufactures a single product
Subject:AccountingPrice: Bought3
The Duerr Company manufactures a single product. All raw material used are traceable to specific units of product. Current information for the Duerr Company following.
Beginning raw materials inventory . . . . . . . . . . . . . . . . . . . . . . . . . . $14,000
Ending raw materials inventory. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 17,000
Raw material purchases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91,000
Beginning work in process inventory. . . . . . . . . . . . . . . . . . . . . . . . . . 26,000
Ending work in process inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,000
Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,000
Total factory overhead. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .91,000
Beginning finished goods inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . 66,000
Ending finished goods inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,000
The company's cost of raw materials used, cost of goods manufactured and cost of goods sold is:
|
|
Cost of Materials Used |
Cost of Goods Manufactured |
Cost of Goods Sold |
|
A. |
$91,000 |
$285,000 |
$265,000 |
|
B |
$94,000 |
$285,000 |
$305,000 |
|
C |
$88,000 |
$305,000 |
$265,000 |
|
D. |
$99,000 |
$285,000 |
$305,000 |
|
E. |
$94,000 |
$305,000 |
$285,000 |
