The following balances are from the accounts of MaCBeth Manufacturing: Direct ma

Question

The following balances are from the accounts of MaCBeth Manufacturing: Direct materials used during the year amount to $46.000 and the cost of goods sold for the year was $53.000 Required: find the following by completing a cost of goods sold statement: a. cost of direct materials purchased during the year. b.cost of goods manufactured during the year. c.total manufacturing costs incurred during the year. January 1(beginning) December 31( ending) direct materials inventory........................$22,000 $23,000 work_in_process.........................................$32,000 $2,000 finished goods inventory..........................5,500 7,000
From: undefined
Source:ISBN: 0077274997 | Title: Fundamentals of Cost Accounting | Publisher: McGraw-Hill Higher Education

Explanation / Answer

a) cost of direct materials purchased during the year = $ 22,000 b) cost of goods manufactured during the year = $7,000 c) total manufacturing costs incurred during the year = $ 29,000

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.