Solution-Show computation of direct materials used in

Show computation of direct materials used in production

Reference no: EM133116727

Question - The following cost and inventory data were taken from the records of the Beca Company for the year 2021:

Costs incurred -

Depreciation, factory equipment	30,000
Depreciation, office equipment	7,000
Indirect materials (comes from raw materials)	6,200
Maintenance, factory equipment	20,000
Utilities, factory	8,000
Sales commissions	30,000
Indirect labor	54,500
Rent, factory building	70,000
Purchases of raw materials (net)	124,000
Direct labor cost	86,000
Advertising expense	90,000
Sales	615,000

Inventories -

	January 1, 2021	December 31,2021
Raw Materials	10,200	11,500
Work in Process	9,900	21,000
Finished goods	49,000	24,000

Required -

(a) Show computation of direct materials used in production for 2021?

(b) Show the schedule and calculation of the cost of goods manufactured for 2021?

(d) Prepare an income statement for 2021?

Reference no: EM133116727

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Show computation of direct materials used in production

Reference no: EM133116727

Reference no: EM133116727

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