Last night, the sprinkler system at Plant A was accidentally set off. The ensuing deluge...
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Accounting
Last night, the sprinkler system at Plant A was accidentally set off. The ensuing deluge destroyed most of the cost records in Plant A for the month just completed (May). The plant manager has come to you in a paniche has to complete his report for head office by the end of today. He wants you to give him the numbers he needs for his report. He can provide you with some fragments of information he has been able to salvage:
Raw materials:
Beginning
$ 24,200
Ending
56,400
Work in process:
Beginning
17,000
Finished goods:
Sold in May
403,200
Ending
53,600
Manufacturing overhead:
Beginning
0
Accrued wages payable:
Beginning
11,100
Ending
18,900
Other information:
1.
Total direct materials requisitions for the month were $ 180,200.
2.
A total of 9,200 direct labour hours were worked during the month at an average wage of $ 15/hour.
3.
Manufacturing overhead of $ 102,200 was incurred during the period.
4.
On May 31, the ending inventory of work in process is $ 4,700.
Calculate the following:
(a)
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The material purchased during May.
Material purchased
$ enter the material purchased in dollars
Attempts: 1 of 1 used
(b)
The amount paid to the labour force in May.
Amount paid to the labour force
$ enter the amount paid to the labour force in dollars
Answer & Explanation
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