P1-6 data analysis manufacturing statement cost terminology

Reference no: EM13586262

P1-6 Data analysis, manufacturing statement, cost terminology O'Reilly Manufacturing, Inc.'s cost of goods sold for the month ended July 31 was $345,000.The ending work in process inventory was 90% of the beginning work in process inventory.

Factory overhead was 50% of the direct labor cost.Other information pertaining to O'Reilly's inventories and production for the month of July is as follows: Beginning inventories,

Direct materials. $ 20,000
Work in process 40,000
Finished goods102,000
Purchases of direct materials during July 110,000
Ending inventories, July 31:
Direct materials 26,000
Work in process?
Finished goods 105,000

Required:
1. Prepare a statement of cost of goods manufactured for the month of July.
2. Prepare a schedule to compute the prime cost incurred during July.
3. Prepare a schedule to compute the conversion cost charged to Work in Process during July.

Reference no: EM13586262

Questions Cloud

M and e are equal partners in the me partnership e decides : m and e are equal partners in the me partnership. e decides to leave the partnership and receives a liquidating

North pole cruise lines issued preferred stock many years : north pole cruise lines issued preferred stock many years ago.it carries a fixed dividend of 6 per share. with the

A group of 11 people are going to the movies one saturday : question a group of 11 people are going to the movies one saturday. adult tickets cost 10.50 each and child tickets

Diablo company leased a machine from juniper corporation on : diablo company leased a machine from juniper corporation on january 1 2013. the machine has a fair value of 20000000.

P1-6 data analysis manufacturing statement cost terminology : p1-6 data analysis manufacturing statement cost terminology oreilly manufacturing inc.s cost of goods sold for the

Logan products computes its predetermined overhead rate : logan products computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning

Find appropriate ligands aromatic with two nitrogen : 1. find appropriate ligands aromatic with two nitrogen functionalgroups to bind fe nonbsp2co2in the form of dintrosyle

Tamar co manufactures a single product in one department : tamar co. manufactures a single product in one department. all direct materials are added at the beginning of the

If the company expects to sell 1600 microscopes at a : question a certain company makes a laboratory microscopes. setting up each production run costs 2500. insurance costs

User Account

All Pages