Reference no: EM132952936
Renka's Heaters selected data for October 2011 are presented here (in millions) Flow of inventoriable costs.
Direct materials inventory 10/1/2011 105
Direct materials purchased 365
Direct materials used 385
Total manufacturing overhead costs 450
Variable manufacturing overhead costs 265
Total manufacturing costs incurred during October 2011 1,610
Work-in process inventory 10/1/2011 230
Cost of goods manufactured 1,660
Finished goods inventory 10/1/2011 130
Cost of goods sold 1,770
Problem a: Calculate the following costs
1. Direct materials inventory 10/31/2011
2. Fixed manufacturing overhead costs for October 2011
3. Direct manufacturing labour costs for October 2011
4. Work-in process inventory 10/31/2011
5. Cost of finished goods available for sale in October 2011
6. Finished goods inventory 10/31/2011
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