ACCT 224-The Boyceville Machining Company provided you

by | Mar 18, 2020 | Uncategorized

  

3. The Boyceville Machining Company provided you with the following
information for the fiscal year ending on December 31:
Work-in-process inventory, 12/31

$28,950

Finished goods inventory, 1/1

153,700

Direct labor costs incurred

502,150

Manufacturing overhead costs

1,364,700

Direct materials inventory, 1/1

125,400

Finished goods inventory, 12/31

255,500

Direct materials purchased

875,100

Work-in-process inventory, 1/1

50,500

Direct materials inventory, 12/31

84,700

(a) Compute the total manufacturing costs incurred during the year.
(b) Compute the total work-in-process during the year.
(c) Compute the cost of goods manufactured during the year.
(d) Compute the cost of goods sold during the year

  

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