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here are the results for a, b and c. I just need only answers for d,e,f and g

Consider the following information and requirements regarding Danny's Sporting Equipment. a. Compute Direct Materials Used based on following amounts Purchases of direct materials 19,400 Freight out 1,200 Customs (tax) 140 Property tax 7,200 Freight in 600 Inventory insurance 160 Beginning inventory of direct materials 17,300 Ending inventory of direct materials 13,600 b. Compute the cost of goods manufactured using following amounts: direct materials used ($24,000), direct labor ($9,000), manufacturing overhead ($17,000), beginning work in process inventory ($5,000) and ending work in process inventory ($4,000). c. Compute Cost of Goods Sold based on following amounts Purchases of Direct Materials 23,000 Cost of Goods Manufactured 51,000 Beginning Finished Goods Inventory 63,700 Manufacturing Overheads 17,000 Ending Finished Goods Inventory 68,300 d. Is Danny's Sporting Equipment service, merchandising or manufacturing company? How do you know? e. Name some of the examples of all three types of the manufacturing overheads for Is Danny's Sporting Equipment Company. f. Name two examples of each of the product costs types and two examples of period costs for Danny's Sporting Equipment Company. 8. Do you think Danny's Sporting Equipment Company is more likely to use job costing or process costing? Why? TASK 2 2 CALCULATING COST OF DM FOR MANUFACTURING COMPANY 3 a. Compute Direct Materials Used based on following amounts: 4 5 Purchases of direct materials 6 Freight out 7 Customs (tax) 8 Property tax 9 Freight in 10 Inventory insurance 11 Beginning inventory of direct materials 12 Ending inventory of direct materials 19.400 1.200 140 7.200 600 160 17.300 13.600 13 17.300 19 14 Solution 15 Direct Materials Used 16 17 Beginning Direct Materiaistinventory 18 Plus: Purchases of direct materials 20 Freight in 21 Customs (tax) 22 Inventory insurance 23 Materials available for use 24 Less: Ending inventory of direct materials 25 Direct materials used 26 19.400 600 140 160 37.600 13.600 24.000 CALCULATING COGM FOR MANUFACTURING COMPANY b. Compute the cost of goods manufactured using following amounts: direct materials used ($ 24,000), direct labor ($9,000), manufacturing overhead ($17,000), beginning work in process inventory ($5,000), and ending work in process inventory ($4,000). Solution Calculation of Cost of Good Manufactured 5.000 Beginning Work in Process Inventory Plus manufacturing costs: Direct Materials Direct Labor Manufacturing Overheads Total Manufacturing cost for the period Less: Ending work in process inventory Cost of Goods Manufactured (COGM) 24.000 9.000 17.000 55.000 4.000 51.000 CALCULATING COGS FOR MANUFACTURING COMPANY c. Compute Cost of Goods Sold based on following amounts: Purchases of Direct Materials Cost of Goods Manufactured Beginning Finished Goods Inventory Manufacturing Overheads Ending Finished Goods Inventory 23.000 51.000 63.700 17.000 68.300) Solution Calculation of Cost of Goods Sold Beginning Finished Goods Inventory Plus: Cost of Goods Manufactured Cost of Goods Available for Sale Less: Ending Finished Goods Inventory Cost of Goods Sold 63.700 51.000 114.700 68.300 46.400

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