Question Brief Exercise 19-1 0 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Factory Total Manufacturing Overhead Costs (a) $40,000 $61,000 $50,000 (b) $ (c) $55,000 $ $ $75,000 $140,000 $296,000 $111,000 $310,000 *Brief Exercise 19-11 Direct Materials Used (a} $40,000 (b) $81,000 (c) $55,000 Direct Labor Used $61,000 $75,000 $144,000 Factory Overhead $50,000 $140,000 $111,000 Presented below are incomplete manufacturing cost data. Using the above data, determine the missing amounts. Total Manufacturing Work in Process Work in Cost of Goods Process( December Costs (January 1} 31} Manufactured $ $ (a} $120,000 $82,000 $ (b) $296,000 $98,000 $321,000 $ (c) $310,000 $463,000 $715,000 ,• *Exercise 19-9 .. ·l - . ' An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Molina Company. Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured MO LINA COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2014 $ 158,000 22,500 $18,000 36,000 68, 000 $190,000 122,000 $210,000 81,000 $530,000 *Exercise 19-10 ... ~- ... - ..... Manufacturing cost data for Copa Company are presented below. Indicate the missing amount for each letter {a) through {i). Direct materials .......... r ·· · ---o-....... ·· ...... ._.t.r ... - ........ _,. ........... ---o-................ _.. __ - ........ cr--............ - ...... -.,.._ .., _~ ... .......,... .... -... ...... Case A Case 8 CaseC $ $130,000 used {a) $68,400 Direct labor 57,000 86,000 {g) Manufacturing overhead Total 46,500 81,600 102,000 manufacturing 195,650 {d) 253,700 costs Work in process {b) 16,500 {h) Total cost of work 1/1/14 in process Work in process 12/31/14 Cost of goods manufactured 221,500 {e) 337,000 {c) 11,000 70,000 185,275 {f) {i) L-1-I...__.I._.I.U- ..1. ..J ..1. ..1. \...I. -.&.I. L-1- T -.1. ..._,WIIJ.I..I..I...I.Io.J'Io.J'..I.V..L..LJ '\ *Exercise 19-11 (Part Level Submission) Incomplete manufacturing cost data for Colaw Company for 2014 are presented as follows for four different situations. *(a) Indicate the missing amount for each letter. (2~ fc> (3) 80,000 100,000 200,000 132,000 450,000 (4) 70,000 ~g) *(b) I ~·) ~d) 255,000 60,000 80,000 75,000 288,000 45,000 The parts of this question must be completed in order. This part will be available when you complete the part above. .J.U.6""' .1. V.J. ..1. 40,000 470,000 I ~h) 270,000 ~f} *Exercise 19-14 (Part Level Submission) The following information is available for Aikman Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue *(a) Compute cost of goods manufactured. January 1, 2014 $21,000 13,500 27,000 Cost of goods manufactured $ ~...-_______ ___.~ *(b) 2014 $150,000 220,000 180,000 910,000 December 31, 2014 $30,000 17,200 21,000 The parts of this question must be completed in order. This part will be available when you complete the part above. *(c) The parts of this question must be completed in order. This part will be available when you complete the part above. *Exercise 19-16 (Part Level Submission) An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2014. Invent ories Be ginning Ending Raw materials $9,000 $13,100 Work in process 5,000 7,000 Finished goods 9,000 8,000 Costs incurred: raw mat eri als purchases $54,000, direct labor $47,000, manufacturing overhead $19,900. The specific overhead costs were: indirect lab or $5,500, factory insurance $4,000, machinery depreciation $4,000, machinery repairs $1,800, factory utilities $3,100, miscellaneous factory costs $1,500. Assume that all raw materials used were direct materials. *(a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2014. ROBERTS COMPANY Cost of Goods Manufactured Schedule For the Month Ended June 30, 2014 $ $ $ *(b) The parts of this question must be completed in order. This part will be available when you complete the part above. $ LIST OF ACCOUNTS FOR EXERCISE 20-7 AND 20-13 Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Cash Cost of Completed Service Contracts Cost of Goods Sold Depreciation Expense Employer Fringe Benefits Payable Employer Payroll Taxes Payable Factory Labor Factory Wages Payable Finished Goods Inventory Manufacturing Overhead Operating Overhead Prepaid Insurance Prepaid Property Taxes Property Taxes Payable Raw Materials Inventory Salaries and Wages Payable Sales Revenue Service Contracts in Process Supplies Utilities Payable Work in Process Inventory DROPDOWNS FOR EXERCISE 20-9 (PART LEVEL SUBMISSION) Cost of Goods Manufactured Direct Labor Direct Materials Used Manufacturing Overhead Applied Total Cost of Work in Process Total Manufacturing Costs Work in Process, May 1 Work in Process, May 31 SMALL DROPDOWN Add Less - . *Exercise 20-7 Torre Corporation incurred the following transactions. 1. Purchased raw materials on account $46,300. 2. Raw Materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials. 3. Factory labor costs incurred were $55,900, of which $51,000 pertained to factory" wages payable and $4,900 pertained to employer payroll taxes payable. 4. Time tickets indicated that $50,000 was direct labor and $5,900 was indirect labor. 5. Manufacturing overhead costs incurred on account were $80,500. 6. Depreciation on the company's office building was $8,100. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $88,000 were completed and transferred to finished goods. 9. Finished goods (a) costing $75,000 to manufacture were (b) sold on account for $103,000. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. ,___ _ ___ __.II...__ ____ ____, ,___ ____ ____.I ~.-1 _____ __. ...__ _ ___ ____,1 ~.-1 _____ __. '---------------~~~---------------' ...__ _ ___ ____,1 ~.-1 _ _ _ __ __. a. I..__ ___ ___. 9(a) 9(b) I..__ ___ ___. ..__ ___ ~1~1 ----~ ~---~1~1 ----~ *Exercise 20-9 (Part Level Submission) At May 31, 2014, the accounts of Mantle Company show the following. 1. May 1 inventories-finished goods $12,600, work in process $14,700, and raw materials $8,200. 2. May 31 inventories-finished goods $9,500, work in process $48,000, and raw materials $7,100. Debit postings to work in process were: direct materials $62,400, direct labor $50,000, and 3 · manufacturing overhead applied $40,000. 4. Sales revenue totaled $210,000. *(a) Prepare a condensed cost of goods manufactured schedule. *(b) MANTLE COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2014 $'-----------1 $'----------1 The parts of this question must be completed in order. This part will be available when you complete the part above. *(c) The parts of this question must be completed in order. This part will be available when you complete the part above. *Exercise 20-13 (Part Level Submission) Pure Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours The company uses Operating Overhead in place of Manufacturing Overhead. *(a) Compute the predetermined overhead rate. Predetermined overhead rate $,_ _ ______ _, per decorator hour *(b) $920,000 $942,800 40,000 40,500 The parts of this question must be completed in order. This part will be available when you complete the part above. *(c) The parts of this question must be completed in order. This part will be available when you complete the part above.
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