Ch 4. Homework courses/35856/assignments/3758761 Mon Feb 17, 2020, 2:04:59 PM America/New York-05:00) Question 3 View...

70.2K

Verified Solution

Question

Accounting

image
image
Ch 4. Homework courses/35856/assignments/3758761 Mon Feb 17, 2020, 2:04:59 PM America/New York-05:00) Question 3 View Policies Show Attempt History Current Attempt in Progress Sunland Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Sunland uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $27.700 Work in Process $152,000 Finished Goods $256,000 During September, the following events occurred: 1 Sunland purchased direct materials costing $3.057.000 on account 2. Sunland used $428,000 in direct materials in production 3 Sunland's employees clocked 20.000 direct labor hours at an average wage 4. The company incurred $180,000 in manufacturing overhead, including $20,000 in indirect labor costs 5. Using direct labor hours as the application base, the company applied $167.000 of manufacturing overhead to jobs worked on in September 6. The company completed production on jobs costing $853.000. 7. The company delivered jobs costing $1,082,000 to customers Calculate the ending September balance of the Direct Materials. Work in Process and Finished Goods Inventory accounts. Direct Materials Work in Process Finished Goods Ending September Balance $ 2656700 S 103800 $ 27000 eTextbook and Media X Your answer is incorrect Calculate total manufacturing costs for September Total manufacturing costs $ 3244000 eTextbook and Media Attempts: 6 of 12 us Ch 4. Homework courses/35856/assignments/3758761 Mon Feb 17, 2020, 2:04:59 PM America/New York-05:00) Question 3 View Policies Show Attempt History Current Attempt in Progress Sunland Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Sunland uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $27.700 Work in Process $152,000 Finished Goods $256,000 During September, the following events occurred: 1 Sunland purchased direct materials costing $3.057.000 on account 2. Sunland used $428,000 in direct materials in production 3 Sunland's employees clocked 20.000 direct labor hours at an average wage 4. The company incurred $180,000 in manufacturing overhead, including $20,000 in indirect labor costs 5. Using direct labor hours as the application base, the company applied $167.000 of manufacturing overhead to jobs worked on in September 6. The company completed production on jobs costing $853.000. 7. The company delivered jobs costing $1,082,000 to customers Calculate the ending September balance of the Direct Materials. Work in Process and Finished Goods Inventory accounts. Direct Materials Work in Process Finished Goods Ending September Balance $ 2656700 S 103800 $ 27000 eTextbook and Media X Your answer is incorrect Calculate total manufacturing costs for September Total manufacturing costs $ 3244000 eTextbook and Media Attempts: 6 of 12 us

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