Compute conversion costs given the following data: direct materials, $356,200, direct labor, $202,700; factory overhead,
Posted: Sun Jun 05, 2022 7:35 pm
- Compute Conversion Costs Given The Following Data Direct Materials 356 200 Direct Labor 202 700 Factory Overhead 1 (7.95 KiB) Viewed 66 times
- Compute Conversion Costs Given The Following Data Direct Materials 356 200 Direct Labor 202 700 Factory Overhead 2 (43.68 KiB) Viewed 66 times
- Compute Conversion Costs Given The Following Data Direct Materials 356 200 Direct Labor 202 700 Factory Overhead 3 (20.42 KiB) Viewed 66 times
Given the following data: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending Finished goods, beginning Finished goods, ending What is cost of goods sold? Oa. $142,000 Ob. $10,000 Oc. $128,000 d. $152,000 $45,000 48,000 39,000 28,000 18,000 28,000 18,000
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance Goods finished 158,500 266,240 Aug. 31 X 31 Direct materials. 31 Direct labor 37,200 31 Factory overhead Factory Overhead Aug. 1-31 Costs incurred 90,210 Aug. 1 Balance. 12,250 31 Applied (30% of direct labor cost) If the balance of Work in Process on August 31 is $194,570, what was the amount debited to Work in Process for direct materials in August? a. $339,510 b. $38,470 c. $498,010 1 d. $108,870