Duggar Consuling is going to manufacture billing software. During its first mont
ID: 2605218 • Letter: D
Question
Duggar Consuling is going to manufacture billing software. During its first month of manufacturing, Duggar incurred the following manufacturing costs:
Inventories:
Beginning
Ending
Raw Materials
$10,100
$8,900
Work-in-Process
0
22,000
Finished Goods
0
28,000
Other information:
Raw materials purchases
$13,000
Plant janitorial services
800
Sales salaries expense
5,000
Delivery expense
1,700
Sales revenue
1,100,000
Utilities for plant
17,000
Rent on plant
11,000
Customer service hotline costs
15,000
Direct labor
210,000
Inventories:
Beginning
Ending
Raw Materials
$10,100
$8,900
Work-in-Process
0
22,000
Finished Goods
0
28,000
Other information:
Raw materials purchases
$13,000
Plant janitorial services
800
Sales salaries expense
5,000
Delivery expense
1,700
Sales revenue
1,100,000
Utilities for plant
17,000
Rent on plant
11,000
Customer service hotline costs
15,000
Direct labor
210,000
Explanation / Answer
Cost of Goods Manufactured Schedule :-
Particulars Amount($) Amount($) Amount($) Opening WIP 0 Direct Materials :- Opening Raw Material 10100 Add : Purchases 13000 Total 23100 Less : Closing Raw Material (8900) Direct Material Use 14200 Direct Labor 210000 Manufacturing Overhead :- Plant Janitorial services 800 Utilities for Plant 17000 Rent on Plant 11000 Total Manufacturing Overhead 28800 Total Manufacturing Cost 253000 Total Cost of WIP 253000 Less : Closing WIP (22000) Cost of Goods Manufactured 231000Related Questions
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