50.1K

Verified Solution

Link Copied!

ch18 59

Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $35,400 of indirect materials) Direct labor (including $53,100 maintenance salaries) Factory overhead: $382,100 353,800 Supervisor salaries 325,500 Heat, light, and power 88,500 Sales salaries 219,400 Promotional expenses 198,100 Insurance and property taxes-plant 95,500 Insurance and property taxes-corporate offices 138,000 Depreciation-plant and equipment 77,800 Depreciation-corporate offices 56,600 Total $1,935,300 Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Factory overhead: QUIIII DO Total manufacturing costs incurred Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $257,080 Gross profit 149,880 Cost of goods manufactured 128,540 Indirect labor 55,790 Factory depreciation 8,480 Materials purchased 79,180 Total manufacturing costs for the period 147,820 Materials inventory, ending 10,540 Using the above information, determine the following missing amounts: a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost nili d. Direct labor cost e. Work in process inventory at the end of the month

Answer & Explanation Solved by verified expert

See Answer