Determine the number of units of Widgets for Dorchester

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Q1) Towson Manufacturing had a Work in Process balance of $122,000 on January 1, 2018. The year end balance of Work in Process was $76,000 and the Cost of Goods Manufactured was $785,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018.

Q2) During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $22,000 & ending finished goods inventory of $16,500. Beginning work-in-process was $13,000 and ending work-in-process was 10,500. Factory overhead was $22,500. The total manufacturing costs amounted to $266,000. Use this information to determine the FY 2018 Cost of Goods Sold.

Q3) During FY 2019, Dorchester Company plans to sell Widgets for $12 a unit. Current variable costs are $6 a unit and fixed costs are expected to total of $155,000. Use this information to determine the number of units of Widgets for Dorchester to breakeven.

Reference no: EM132607391

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