Information for the most recent year of operations

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Reference no: EM13783861

Cocoa Confections provides you with the following information for the most recent year of operations. The firm informs you that manufacturing overhead equals 150% of direct labor costs. Direct materials beginning inventory $90,000 Direct materials ending inventory $75,000 Beginning WIP inventory $80,000 Ending WIP inventory $100,000 Beginning FG inventory $125,000 Ending FG inventory $175,000 Direct materials issued to production $200,000 Total manufacturing costs charged to production = $900,000 (Total manufacturing costs charged to production = direct materials issued to production + direct labor cost + manufacturing overhead). Revenues $1,250,000 Selling and Administrative costs $265,000 Calculate a. The cost of direct materials purchased. b. Direct labor costs. c. Manufacturing overhead costs. d. Prime costs. e. Conversion costs. f. Cost of goods manufactured. g. Cost of goods sold.

Reference no: EM13783861

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