Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. l . the following information in alphabetical orde

l . The following information in alphabetical order pertains to Alexander Company for March 2023:...

70.2K

Verified Solution

Question

Accounting

l . The following information in alphabetical order pertains to Alexander Company for March 2023:
Beginning direct materials inventory $30,000
Beginning finished goods inventory 40,000
Beginning work-in-process inventory 50,000
Direct labor 200,000
Direct materials purchases 170,000
Ending direct materials inventory 35,000
Ending finished goods inventory 42,000
Ending work-in-process inventory 54,000
Factory overhead fixed 120,000
Factory overhead variable 90,000
Sales 800,000
Selling and administrative expenses 100,000
Calculate the following, assuming there are no income taxes:
a. Direct materials used
b. Cost of goods manufactured
c. Cost of goods sold
d. Operating income
e. Conversion costs
f. Prime costs

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