question archive Renka’s Heaters selected data for October 2014 are presented here (in millions): Direct materials inventory 10/ 1/ 2014 $105 Direct materials purchased 365 Direct materials used 385 Total manufacturing overhead costs 450 Variable manufacturing overhead costs 265 Total manufacturing costs incurred during October 2014 1,610 Work-in-process inventory 10/ 1/ 2014 230 Cost of goods manufactured 1,660 Finished goods inventory 10/ 1/ 2014 130 Cost of goods sold 1,770 Calculate the following costs: ? Direct materials inventory on 10/31/2014 ? Fixed manufacturing overhead costs for October 2014 ? Direct manufacturing labor costs for October 2014 ? Work-in-process inventory on 10/31/2014 ? Cost of finished goods available for sale in October 2014 ? Finished goods inventory 10/31/2014
Renka’s Heaters selected data for October 2014 are presented here (in millions): Direct materials inventory 10/ 1/ 2014 $105 Direct materials purchased 365 Direct materials used 385 Total manufacturing overhead costs 450 Variable manufacturing overhead costs 265 Total manufacturing costs incurred during October 2014 1,610 Work-in-process inventory 10/ 1/ 2014 230 Cost of goods manufactured 1,660 Finished goods inventory 10/ 1/ 2014 130 Cost of goods sold 1,770 Calculate the following costs: ? Direct materials inventory on 10/31/2014 ? Fixed manufacturing overhead costs for October 2014 ? Direct manufacturing labor costs for October 2014 ? Work-in-process inventory on 10/31/2014 ? Cost of finished goods available for sale in October 2014 ? Finished goods inventory 10/31/2014
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Renka’s Heaters selected data for October 2014 are presented here (in millions):
Direct materials inventory 10/ 1/ 2014 $105
Direct materials purchased 365
Direct materials used 385
Total manufacturing overhead costs 450
Variable manufacturing overhead costs 265
Total manufacturing costs incurred during October 2014 1,610
Work-in-process inventory 10/ 1/ 2014 230
Cost of goods manufactured 1,660
Finished goods inventory 10/ 1/ 2014 130
Cost of goods sold 1,770
Calculate the following costs:
? Direct materials inventory on 10/31/2014
? Fixed manufacturing overhead costs for October 2014
? Direct manufacturing labor costs for October 2014
? Work-in-process inventory on 10/31/2014
? Cost of finished goods available for sale in October 2014
? Finished goods inventory 10/31/2014
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