Cascade Manufacturing Company_Cost Accounting

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Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:
Raw materials used ............................................. $300,000
Total manufacturing costs charged to production during the year
(includes raw materials, direct labor, and manufacturing overhead
applied at a rate of 60 percent of direct labor costs) .................. 681,000
Cost of goods available for sale.................................... 826,000
Selling and general expenses...................................... 30,000
Inventories
                                      Beginning      Ending
Raw materials............. $70,000          $ 80,000
Work-in-process........... 85,000           30,000
Finished goods............ 90,000            110,000
Required
Determine each of the following:
Cost of raw materials purchased
Direct labor costs charged to production
Cost of goods manufactured
Cost of goods sold 

    • 13 years ago
    Cascade Manufacturing Company_Cost Accounting
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