Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. partial question 7 0.75/1.5 pt pan demic, inc

Partial Question 7 0.75/1.5 pt Pan Demic, Inc. (PDI) manufactures...

60.1K

Verified Solution

Question

Accounting

Partial
Question 7
0.75/1.5 pt
Pan Demic, Inc. (PDI) manufactures and sells cast iron skillets. A finished skillet sells for $40 and costs $15 to manufacture. PDI uses one raw material, iron ore which is buys for $8? pound. Skillet Forgers heat the iron ore and form it into skillets. Forgers are paid $55? hour.
This is PDI's second period of operations. You'll need to use information from Period 1 above to complete the charts for Period 2.
During the period, PDI purchased 800 pounds of Iron Ore. At the end of the period, they transferred 1,000 pounds of Iron Ore to WIP. They used 150 hours of direct labor and incurred $12,400 of Factory Overhead.
PDI ended the period with $4,850 in WIP and 210 skillets in Finished Goods.
Prepare the Schedule of Cost of Goods Manufactured for PDI.
Do not use dollar signs. Use whole numbers only (no decimal places)
PDI Schedule of Cost of Goods Manufactured
\table[[Account,Dollar Amount],[Direct Materials Used,],[Direct Labor,],[Factory Overhead,],[Manufacturing Costs for the Period,],[WIP Beginning Inventory,],[WIP Ending Inventory,],[\table[[Total Cost of Goods Manufactured],[(Transferred to Finished Goods)]],]]
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

*****PLEASE SHOW IN EXCEL***** 4. An industrial grade lazer printer with the retail price is offered for $3,900....

Finance
Q

Maurice’s Pump Manufacturing Company currently maintains plants in Atlanta and Tulsa that supply major distribution centers...

Basic Math
Q

A 1.90-kg particle moves in the xy plane with a velocity of v with arrow =...

Physics
Q

What are the general process of manufacturing the rf boards and how the rf work?

Electrical Engineering
Q

MANAGING CASH FLOW do you think most entrepreneurs are as thorough with their financial management? Why or...

General Management
Q

1 Solve the following a if m27 100 find m23 b if m1 120 find...

Algebra
Q

As shown in the following figure ABC is an equliateral triangle while DEFG is a...

Algebra
Q

Rosewood Company had current assets of $562, current liabilities of $393, total assets of $772,...

Accounting
Q

Case Study: Tax Consequences of Trading Stocks and Securities John is an individual...

Accounting
Q

Pastore Drycleaners has capacity to cloan up to 6,000 garments per month Requirements 1. Complete...

Accounting
Q

Witt Recreation Company (WRC) makes e-bikes. The company currently manufactures two models, the Coaster and...

Accounting
Q

& Your answer is partially correct. Prepare the plant assets section of Blue's balance sheet...

Accounting