Question

The following information is available for Tomlin Company. April 1 April 30 Raw materials inventory $10,300...

The following information is available for Tomlin Company. April 1 April 30 Raw materials inventory $10,300 $13,900 Work in process inventory 4,930 3,850 Materials purchased in April $98,500 Direct labor in April 79,900 Manufacturing overhead in April 162,000 Prepare the cost of goods manufactured schedule for the month of April.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Prepare the cost of goods manufactured schedule for the month of April.

Beginning work in process 4930
Raw material used in production
Beginning raw material 10300
Raw material purchase 98500
Raw material available for use 108800
Less: Ending raw material -13900
Raw material used in production 94900
Direct labor 79900
Manufacturing overhead 162000
Total manufacturing cost 336800
Total Cost of work in process 341730
Less: Ending work in process -3850
Cost of goods manufactured 337880
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The following information is available for Sunland Company. April 1 April 30 Raw materials inventory $10,300...
The following information is available for Sunland Company. April 1 April 30 Raw materials inventory $10,300 $14,100 Work in process inventory 4,950 3,740 Materials purchased in April $98,000 Direct labor in April 79,800 Manufacturing overhead in April 160,000 Prepare the cost of goods manufactured schedule for the month of April. SUNLAND COMPANY Cost of Goods Manufactured Schedule For the Quarter Ended April 30For the Month Ended April 30April 30 Cost of Goods ManufacturedDirect LaborDirect MaterialsDirect Materials UsedRaw Materials, April 1Raw...
The following information is available for Tomlin Company. April 1 April 30 Raw materials inventory $10,000...
The following information is available for Tomlin Company. April 1 April 30 Raw materials inventory $10,000 $13,500 Work in process inventory 4,500 3,000 Materials purchased in April $97,500 Direct labor in April 79,500 Manufacturing overhead in April 155,000 Prepare the cost of goods manufactured schedule for the month of April.
Do it! Review 14-3 The following information is available for Tomlin Company. April 1 April 30...
Do it! Review 14-3 The following information is available for Tomlin Company. April 1 April 30 Raw materials inventory $10,000 $14,000 Work in process inventory 5,000 3,500 Materials purchased in April $98,000 Direct labor in April 80,000 Manufacturing overhead in April 160,000 Prepare the cost of goods manufactured schedule for the month of April. TOMLIN COMPANY Cost of Goods Manufactured Schedule $ $ : $ : $
The following information is available for Rolen Manufacturing Company. April 1 April 30 Raw materials inventory...
The following information is available for Rolen Manufacturing Company. April 1 April 30 Raw materials inventory $10,000 $14,000 Work in process inventory 5,000 3,500 Materials purchased in April $98,000 Direct labour in April 60,000 Manufacturing overhead in April 180,000 Prepare the cost of goods manufactured schedule for the month of April. ROLEN MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended April 30 select an item                                       ...
The following information is available for Pharoah Company. April 1 April 30 Raw materials inventory $10,900...
The following information is available for Pharoah Company. April 1 April 30 Raw materials inventory $10,900 $14,500 Work in process inventory 5,360 3,170 Materials purchased in April $97,900 Direct labor in April 79,700 Manufacturing overhead in April 160,000 Prepare the cost of goods manufactured schedule for the month of April. PHAROAH COMPANY Cost of Goods Manufactured Schedule choose the accounting period                                                          For...
The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead....
The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials $ 124,400 Work in process 118,000 Finished goods 76,800 April 30 Inventory balances Raw materials $ 86,600 Work in process 146,800 Finished goods 80,600 During April Costs of raw materials purchased $ 118,200 Costs of direct labor 101,100 Costs of manufacturing overhead 61,300 Sales revenues 360,000     Required Prepare a schedule of cost of goods manufactured and sold....
Glenville Company has the following information for April: Cost of direct materials used in production $...
Glenville Company has the following information for April: Cost of direct materials used in production $ 44,000 Direct labor 53,000 Factory overhead 33,000 Work in process inventory, April 1 32,000 Work in process inventory, April 30 44,000 Finished goods inventory, April 1 25,000 Finished goods inventory, April 30 a)  For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. 18,000 Work in process inventory, April 1 _________________ Cost of direct materials...
Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $25,000; factory rent, $32,000; factory utilities, $20,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $685,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
The following information is available for Murray Manufacturing at year-end: Beginning raw materials inventory 6,000 Ending...
The following information is available for Murray Manufacturing at year-end: Beginning raw materials inventory 6,000 Ending raw materials inventory $8,000 Materials purchased 13,000 Direct labour 4,000 Manufacturing overhead Applied 15,000 Beginning work in process inventory 8,000 Ending working in process inventory 5,000 What was the cost of goods manufactured during the period? Select one: a. $16,000 b. $35,000 c. $28,000 d. $33,000
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,800 Direct labor $ 58,400 Manufacturing overhead applied to work in process $ 88,200 Underapplied overhead $ 4,160 Inventories Beginning Ending Raw materials $ 10,300 $ 18,600 Work in process $ 54,700 $ 68,800 Finished goods $ 34,600 $ 42,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT