Question

1. Wedd Corporation had $35,000 of raw materials on hand on May 1. During the month, the company purchased an additional $68,000 of raw materials. During May, $92,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $5,000. The debits to the Work in Process account as a consequence of the raw materials transactions in May total:

2. Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in Process inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the company incurred direct materials cost of $63,000 and direct labor cost of $39,000. The actual manufacturing overhead cost incurred was $40,000. The manufacturing overhead cost applied to Work in Process was $43,000. The cost of goods manufactured for August was:

Answer 1

1)		Wedd Corporation
	beginning balances		35,000	WIP	87000
	purchases		68,000	FOH	5,000
	End bal		11,000
	Total debit to WIP as a consequence of the raw
	materials transaction is $87,000
2)	cost of goods manufactured
	opening Work in process				10,000
	Add:
	Direct materials				63,000
	direct labor				39,000
	overhead applied				43,000
					155,000
	less :Ending WIP				-22,000
	Cost of goods manufactured				133,000