150) Use the cost information below for Laurels Company to determine the cost of goods
manufactured during the current year:
Direct materials used
$
5,000
Direct labor
7,000
Total factory overhead
5,100
Beginning work in process
3,000
Ending work in process
4,000
A) $12,000.
B) $16,100.
C) $17,100.
D) $18,100.
E) $13,600.
151) Use the cost information below for Sundar Company to determine the total manufacturing
costs added during the current year:
Direct materials used
$
19,000
Direct labor used
24,500
Factory overhead
55,100
Beginning work in process inventory
10,700
Ending work in process inventory
11,300
A) $98,600.
B) $43,500.
C) $98,000.
D) $42,900.
E) $79,000.
152) Use the cost information below for Sundar Company to determine the cost of goods
manufactured during the current year:
Direct materials used
$
19,000
Direct labor used
24,500
Factory overhead
55,100
Beginning work in process inventory
10,700
Ending work in process inventory
11,300
A) $98,600.
B) $43,500.
C) $98,000.
D) $42,900.
E) $79,000.
153) Total manufacturing costs incurred during the year do not include:
A) Direct materials used.
B) Factory supplies used.
C) Work in Process inventory, beginning balance.
D) Direct labor.
E) Depreciation of factory machinery.
154) Which of the following accounts would not appear on a schedule of cost of goods
manufactured?
A) Wages payable.
B) Raw materials inventory.
C) Depreciation on factory equipment.
D) Indirect labor.
E) Factory insurance expired.
155) Which of the following is the correct formula for calculating cost of goods manufactured?
A) Direct materials used + direct labor + factory overhead + beginning work in process + ending
work in process.
B) Direct materials used + direct labor + factory overhead + beginning work in process − ending
work in process.
C) Direct materials used + direct labor + factory overhead − beginning work in process + ending
work in process.
D) Direct materials used + direct labor + factory overhead − beginning work in process − ending
work in process.
E) Direct materials used + direct labor − factory overhead + beginning work in process − ending
work in process.
156) Current information for the Healey Company follows:
Beginning raw materials inventory
$
15,200
Raw material purchases
60,000
Ending raw materials inventory
16,600
Beginning work in process inventory
22,400
Ending work in process inventory
28,000
Direct labor
42,800
Total factory overhead
30,000
All raw materials used were traceable to specific units of product. Healey Company’s direct
materials used for the year is:
A) $58,600.
B) $60,000.
C) $75,200.
D) $76,600.
E) $61,400.
157) Current information for the Healey Company follows:
Beginning raw materials inventory
$
15,200
Raw material purchases
60,000
Ending raw materials inventory
16,600
Beginning work in process inventory
22,400
Ending work in process inventory
28,000
Direct labor
42,800
Total factory overhead
30,000
All raw materials used were traceable to specific units of product. Healey Company’s total
manufacturing costs for the year are:
A) $125,800.
B) $128,600.
C) $131,400.
D) $137,000.
E) $139,000.
158) Current information for the Healey Company follows:
Beginning raw materials inventory
$
15,200
Raw material purchases
60,000
Ending raw materials inventory
16,600
Beginning work in process inventory
22,400
Ending work in process inventory
28,000
Direct labor
42,800
Total factory overhead
30,000
All raw materials used were traceable to specific units of product. Healey Company’s cost of
goods manufactured for the year is:
A) $125,800.
B) $128,600.
C) $131,400.
D) $137,000.
E) $139,000.
69
159) Xia Co. manufactures a single product. All raw materials used are traceable to specific
units of product. Current information for company follows:
Beginning raw materials inventory
$
8,000
Ending raw materials inventory
11,000
Raw material purchases
85,000
Beginning work in process inventory
20,000
Ending work in process inventory
30,000
Direct labor
110,000
Total factory overhead
85,000
Beginning finished goods inventory
60,000
Ending finished goods inventory
40,000
The company’s cost of direct materials used, cost of goods manufactured and cost of goods sold
is:
A)
Cost of Materials
Used
Cost of Goods
Manufactured
Cost of Goods Sold
$85,000
$267,000
$247,000
B)
$88,000
$267,000
$287,000
C)
$82,000
$287,000
$247,000
D)
$82,000
$267,000
$287,000
E)
$88,000
$287,000
$267,000
71
160) Richards Company manufactures a single product. All raw materials used are traceable to
specific units of product. Current information for the company follows:
Beginning raw materials inventory
$
10,000
Ending raw materials inventory
12,000
Raw material purchases
90,000
Beginning work in process inventory
40,000
Ending work in process inventory
25,000
Direct labor
130,000
Total factory overhead
60,000
Beginning finished goods inventory
55,000
Ending finished goods inventory
45,000
The company’s cost of direct materials used, cost of goods manufactured and cost of goods sold
is:
A)
Cost of Materials
Used
Cost of Goods
Manufactured
Cost of Goods Sold
$90,000
$293,000
$283,000
B)
$92,000
$293,000
$303,000
C)
$88,000
$263,000
$283,000
D)
$88,000
$293,000
$303,000
E)
$92,000
$263,000
$293,000
161) Current information for the Stellar Corporation follows:
Beginning work in process inventory
$
17,900
Ending work in process inventory
19,300
Direct materials used
147,000
Direct labor used
85,000
Total factory overhead
63,100
Stellar Corporation’s cost of goods manufactured for the year is:
A) $295,100.
B) $296,500.
C) $313,000.
D) $275,800.
E) $293,700.
162) Use the following data to determine the cost of goods manufactured:
Beginning finished goods inventory
$
10,800
Direct labor used
30,600
Beginning work in process inventory
7,200
General and administrative expenses
13,500
Direct materials used
40,500
Ending work in process inventory
9,000
Indirect labor
6,300
Ending finished goods inventory
9,500
Indirect materials
13,500
Depreciation—factory equipment
7,500
A) $102,000.
B) $110,100.
C) $96,600.
D) $113,700.
E) $100,200.
163) Use the following data to compute total factory overhead costs for the month:
Sales commissions
$
10,800
Direct labor
39,600
Indirect materials
15,200
Factory manager salaries
7,200
Factory supplies
9,000
Indirect labor
6,300
Depreciation—office equipment
5,000
Direct materials
40,500
Corporate office salaries
42,500
Depreciation—factory equipment
7,500
A) $141,100.
B) $125,300.
C) $45,200.
D) $84,800.
E) $58,300.
164) Use the following data to compute total manufacturing costs for the month:
Sales commissions
$
10,800
Direct labor
39,600
Indirect materials
15,200
Factory manager salaries
7,200
Factory supplies
9,000
Indirect labor
6,300
Depreciation—office equipment
5,000
Direct materials
40,500
Corporate office salaries
42,500
Depreciation—factory equipment
7,500
A) $141,100.
B) $125,300.
C) $45,200.
D) $84,800.
E) $58,300.
77
165) Use the following information to compute the cost of goods manufactured. Assume that all
raw materials used were traceable to specific units of product:
Beginning raw materials
$
5,500
Ending raw materials
4,000
Direct labor
12,250
Raw material purchases
7,400
Depreciation on factory equipment
6,500
Factory repairs and maintenance
3,300
Beginning finished goods inventory
10,200
Ending finished goods inventory
8,900
Beginning work in process inventory
5,700
Ending work in process inventory
6,300
A) $36,650.
B) $30,950.
C) $30,650.
D) $30,350.
E) $31,650.
166) Use the following data to calculate the cost of goods sold for the period:
Beginning Raw Materials Inventory
$
30,000
Ending Raw Materials Inventory
70,000
Beginning Work in Process Inventory
40,000
Ending Work in Process Inventory
46,000
Beginning Finished Goods Inventory
72,000
Ending Finished Goods Inventory
68,000
Cost of Goods Manufactured for the period
246,000
A) $250,000.
B) $290,000.
C) $242,000.
D) $258,000.
E) $246,000.
167) Use the following information to calculate the cost of goods sold for the period:
Beginning Finished Goods Inventory
$
19,500
Ending Finished Goods Inventory
18,000
Cost of Goods Manufactured
126,800
A) $164,300.
B) $126,800.
C) $125,300.
D) $146,300.
E) $128,300.