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Problem #1: Cost flows through a manufacturing organization ...

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Accounting

Problem #1: Cost flows through a manufacturing organization
1-Jan-11 31-Dec-11
RM inventory $32 $8
WIP inventory $18 $3
FG inventory $47 $11
Plant utilities $9
Indirect labor $27
Depreciation (PP&E) $6
Revenues $355
Miscellaneous manufacturing OH $15
Marketing, distribution & customer service costs $94
RM purchased $84
DL incurred $42
Plant supplies used $4
Property taxes (PP&E) $2
1. Calculate the RM used in production (2 points) RM used $108
beg RM inventory $32
purchases of RM $84
RM used (plug) $108
end RM inventory $8

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