Reference no: EM132527516

Widgets, Inc. has provided the following data for 2014:

                                                Materials                   Process                      Goods

Beginning Inventory          $ 48,000                    $ 63,000              $ 98,000

Ending Inventory              $ 36,000                   $ 81,000             $ 104,000

Raw materials purchased for the year          $ 360,000

Direct labor                                            $ 940,000

Manufacturing Overhead:

Estimated total manufacturing overhead for the year           $ 1,000,000

Estimated total direct labor hours                                      10,000

Actual total direct labor hours                                            9,500

Question A) Calculate the raw materials used in production

Question B) Calculate the predetermined overhead rate and amount of overhead applied

Question C) Calculate the total manufacturing costs for the year, assuming that all raw materials used are direct materials

Question D) Calculate cost of goods manufactured for the year

Question E) Calculate the unadjusted cost of goods sold for the year (ignore any over/underapplied MOH)