Buhler Motor Company manufactures automobiles. During September 2014, the compan

Question

Buhler Motor Company manufactures automobiles. During September 2014, the company purchased 6,200 head lamps at a cost of $9 per lamp. Buhler withdrew 5,580 lamps from the warehouse during the month. 50 of these lamps were used to replace the head lamps in autos used by traveling sales staff. The remaining 5,530 lamps were put in autos manufactured during the month. Of the autos put into production during September 2014, 80% were completed and transferred to the company’s storage lot. Of the cars completed during the month, 77% were sold by September 30. Determine the cost of head lamps that would appear in each of the following accounts at September 30, 2014: Raw Materials, Work in Process, Finished Goods, Cost of Goods Sold, and Selling Expenses. (Round answers to 0 decimal places, e.g. 1,525.)

Explanation / Answer

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Raw Materials Purchased     6,200 * 9 55,800 Remaining Lamps Available     6,200 - 5580        620 Raw Materials On Hand        620 * 9     5,580 Used For Auto Manufacturing     5,530 * 9 49,770 Finished Goods 49,770 * 80% 39,816 Work In Process 49,770 * 20%     9,954 Cars Sold By September 30 39,816 * 77% 30,658

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