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

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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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