Calculate the total cost of direct materials used

Assignment Help Accounting Basics

Reference no: EM13481874

Avery Corporation's northwestern factory provided the followinginformation for the last calendar year:

Beginning inventory:
Direct materials	$50,800
Work in process	58,500
Ending inventories:
Direct materials	$21,500
Work in process	23,500

During the year, direct materials purchases amounted to$150,000, direct labor cost was $200,000, and overhead cost was$324,700. There were 100,000 units produced.

Required:

Calculate the total cost of direct materials used inproduction.

Calculate the cost of goods manufactured.

Calculate the unit manufacturing cost.

Of the unit manufacturing cost calculated in Requirement 2,assume $1.70 is direct materials and $3.24 is overhead. What is theprime cost per unit? Conversion cost per unit?

Reference no: EM13481874

Questions Cloud

Semimonthly payroll withholding allowances marital status : jones company has the following employees on payroll semimonthly payroll withholding allowances marital status heather

Ias overarching ethical principles include honesty : imas overarching ethical principles include honesty fairnessobjectivity and responsibility. what is the ethical

How would the following errors affect the account balances : how would the following errors affect the account balances and the basic accounting equation assets liabilities

The accountants and engineers have developed the following : problem letterman office service amp supply sells a variety of office equipment including the executive office chair.

Calculate the total cost of direct materials used : avery corporations northwestern factory provided the followinginformation for the last calendar yearbeginning

In 2010 amirante corporation had pretax financial income of : in 2010 amirante corporation had pretax financial income of 168000 and taxable income of 120000. the difference is due

Our company granted options for 2 million shares of its 1 : our company granted options for 2 million shares of its 1 par common stock at the beginning of the current year. the

If the 5000000 investment in the cable tv division is : the united world corporation has three subsidiaries.computersmagazinescable tvsales1600000040000008000000net income

User Account

All Pages