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Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred...

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Accounting

Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:

Work in Process, January 1 $ 51,200
Work in Process, December 31 37,600
Direct materials used $ 13,100
Total factory overhead 6,100
Direct labor used 27,100

Multiple Choice

  • $91,400.

  • $13,600.

  • $59,900.

  • $46,300.

  • $97,500.

    A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.

    Work in Process Inventory
    Beginning WIP 111,800
    Direct materials ?
    Direct labor ?
    Applied overhead ?
    To finished goods ?
    Ending WIP 145,400

    Factory Overhead
    111,800 100,620

    Finished Goods Inventory
    Beginning FG 131,200
    360,500 334,100
    Ending FG 157,600

    Multiple Choice

  • $191,200.

  • $41,930.

  • $33,600.

  • $318,570.

  • $360,500.

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