Finished goods, ending 19,000 Raw materials inventory, beginning 5,900 Raw materials inventory, ending 4,200 Work in process inventory, beginning 11,600 Work in process inventory, ending 12,500 Direct labor cost incurred 42,000 111. How much is the cost of direct materials requisitioned for production during June? 112. How much is the total manufacturing costs for June? 113. How much is cost of goods manufactured for June? 114. How much is cost of goods sold for June if manufacturing overhead is assumed to be immaterial? 115. Gable Corporation is allocating costs under weighted average process costing system during May for its vacuum products. There were 1,500 units in beginning inventory and 21,000 were started during May. At May 31, its work in process inventory has 5,000 units that are 20% complete as it relates to labor and overhead costs with all other units complete. Materials are added at the start of production. The total conversion costs to account for are $135,000. How much is the conversion cost allocated to Work in Process at May 31? 116. Macus Productions uses a FIFO process costing system and has three process departments: assembly, painting, and finishing. There were 62,000 units transferred out of the assembly department and 9,000 units still in process at the end of a period. There were 8,400 in process at the beginning of the period. How many units were started into production during the period?
Finished goods, ending 19,000 Raw materials inventory, beginning 5,900 Raw materials inventory, ending 4,200 Work in process inventory, beginning 11,600 Work in process inventory, ending 12,500 Direct labor cost incurred 42,000 111. How much is the cost of direct materials requisitioned for production during June? 112. How much is the total manufacturing costs for June? 113. How much is cost of goods manufactured for June? 114. How much is cost of goods sold for June if manufacturing overhead is assumed to be immaterial? 115. Gable Corporation is allocating costs under weighted average process costing system during May for its vacuum products. There were 1,500 units in beginning inventory and 21,000 were started during May. At May 31, its work in process inventory has 5,000 units that are 20% complete as it relates to labor and overhead costs with all other units complete. Materials are added at the start of production. The total conversion costs to account for are $135,000. How much is the conversion cost allocated to Work in Process at May 31? 116. Macus Productions uses a FIFO process costing system and has three process departments: assembly, painting, and finishing. There were 62,000 units transferred out of the assembly department and 9,000 units still in process at the end of a period. There were 8,400 in process at the beginning of the period. How many units were started into production during the period?
4361_samplefinalSp14.docx