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Beginning work in process inventory
$17,900
Ending work in process inventory
19,300
Direct materials
147,000
Direct labor
85,000
161)
Current information for the Stellar Corporation follows:
105
Direct labor 85,000
Total factory overhead 63,100
Stellar Corporation's Cost of Goods Manufactured for the year is:
A) $293,700. B) $313,000. C) $295,100. D) $275,800. E) $296,500.
162)
Use the following data to determine the cost of goods manufactured:
Beginning finished goods inventory
$ 10,800
Direct labor
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) $100,200. B) $96,600. C) $113,700. D) $102,000. E) $110,100.
Sales commissions………………………..
$10,800
Direct labor
39,600
Indirect materials………………………….
15,200
Factory manager salaries
7,200
Factory supplies
9,000
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) $125,300. B) $141,100. C) $58,300. D) $45,200. E) $84,800.
164)
Use the following data to compute total manufacturing costs for the month:
111
112
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) $125,300. B) $141,100. C) $45,200. D) $84,800. E) $58,300.
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
Ending work in process inventory 6,300
A) $36,650. B) $30,350. C) $30,650. D) $30,950. E) $31,650.
115
166)
The following information pertains to the Packer Corporation. Calculate the cost of goods sold for
the period:
Beginning Raw Materials
$ 30,000
Ending Raw Materials
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 246,00
0
A) $258,000. B) $290,000. C) $242,000. D) $250,000. E) $246,000.
167)
The following information pertains to the Frameworks Corporation for May. 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 126,80
0
A) $164,300. B) $126,800. C) $146,300. D) $125,300. E) $128,300.
168)
Using the information below, calculate the cost of goods manufactured for the period:
Beginning Raw Materials Inventory $ 25,000
Ending Raw Materials Inventory 30,000
Beginning Work in Process Inventory 55,000
Ending Work in Process Inventory 64,000
Beginning Finished Goods Inventory 80,000
Ending Finished Goods Inventory 67,000
Cost of Goods Sold for the period 540,000
Sales revenues for the period 1,254,00
0
Operating expenses for the period 232,000
A) $536,000. B) $525,000. C) $553,000. D) $549,000. E) $527,000.
