Boylen Corporation during March appears below: $181,000 $10,000 Utilities, facto

Question

Boylen Corporation during March appears below: $181,000 $10,000 Utilities, factory. Sales commissions Advertisin Direct labo Indirect labor.... $32,000 $75,000 Depreciation of production equipment$28,000 $120,000 Depreciation of administrative equipment. $49,000 Required: a. What is the total amount of product cost listed above? Show your work b. What is the total amount of period cost listed above? Show your work. 4. The following costs relate to one month's activity in Carr Company: $400 Indirect labor Rent on factory building. $300 Maintenance of equipment. S100 Direct material used $1,200 Utilitics on factory$200 Direct labor $1,500 $500 sclling expense Administrative expense..$300 Work in process, beginning..$800 Work in process, ending...$600 Finished goods, beginning.. Finished goods, ending.. ..$500 $250 Required: a. Prepare a schedule of Cost of Goods Manufactured in good form. b. Determine the Cost of Goods Sold for the month.

Explanation / Answer

Description Product Cost Period Cost Direct Material      181,000.00 Utilities, factory                       -       10,000.00 Sales Commission        69,000.00 Administrative Salaries     99,000.00 Indirect labor     32,000.00 Advertising     75,000.00 Depreciation of production equipment        28,000.00 Direct labor      120,000.00 Depreciation of administration equipment     49,000.00 Total cost      398,000.00 265,000.00

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