This topic contains a solution. Click here to go to the answer

Author Question: Barr Manufacturing produces protective covers for eBookReaders. Since the covers must be customized ... (Read 88 times)

jrobl3

  • Full Member
  • ***
  • Posts: 167
Barr Manufacturing produces protective covers for eBookReaders. Since the covers must be customized to each eBookReaders model, Barr uses a job order costing system. On October 1, the company reported the following inventory balances:

Direct Materials Inventory$30,000
Work in Process Inventory145,000
Finished Goods Inventory250,000

During October, the following events occurred:

1.Barr purchased direct materials costing $410,000 on account.
2.Barr used $425,000 in direct materials in production.
3.Barr's employees clocked 17,000 direct labor hours at an average wage rate of
$10.00 per direct labor hour.
4.The company incurred $169,000 in manufacturing overhead, including $20,000 in
indirect labor costs.
5.Using direct labor hours as the application base, the company applied $162,000 of
manufacturing overhead to jobs worked on in October.
6.The company completed production on jobs costing $860,000.
7.The company delivered jobs costing $1,070,000 to customer.

Required:

a.Calculate the ending October balance of the Direct Materials, Work in Process,
and Finished Goods Inventory accounts.
b.Calculate total manufacturing costs for October.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jrobl3 on Feb 5, 2023

jbsuccess1

  • Full Member
  • ***
  • Posts: 158
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.
Answer Preview
Only 32% of students answer this correctly




jrobl3

  • Member
  • Posts: 167
Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)


bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

For a complete list of videos, visit our video library