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Author Question: Millworks Company manufactured 100,000 units in 2018 and reported the following costs: Sandpaper$ ... (Read 191 times)

sammy

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on: Mar 6, 2021
Millworks Company manufactured 100,000 units in 2018 and reported the following costs:

Sandpaper$ 32,000Leasing costs-plant$ 384,000
Materials handling320,000Depreciation-equipment224,000
Coolants & lubricants22,400Property taxes-equipment32,000
Indirect manufacturing labor275,200Fire insurance-equipment16,000
Direct manufacturing labor2,176,000Direct material purchases3,140,000
Direct materials, 1/1/18348,000Direct materials, 12/31/18280,000
Finished goods, 1/1/18672,000Sales revenue12,800,000
Finished goods, 12/31/181,280,000Sales commissions640,000
Work-in-process, 1/1/1896,000Sales salaries576,000
Work-in-process, 12/31/1864,000Advertising costs480,000
Administration costs800,000

Required:
a.What is the amount of direct materials used during 2018?
b.What manufacturing costs were added to WIP during 2018?
c.What is cost of goods manufactured for 2018?
d.What is cost of goods sold for 2018?
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by sammy on Mar 6, 2021

elizabethrperez

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Grace Gomez

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Reply #2 on: Apr 28, 2022
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