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Author Question: Barr Manufacturing produces protective covers for eBookReaders. Since the covers must be customized ... (Read 71 times)

jrobl3

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on: Feb 5, 2023
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.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by jrobl3 on Feb 5, 2023

jbsuccess1

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Reply #1 on: Feb 5, 2023
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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jrobl3

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

komodo7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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