Reference no: EM133014945

Question -

Baltimore Company's January 1, 2020 finished goods inventory was $85,000. The January 1, 2021 finished goods inventory is $90,000.  Cost of goods purchased for resale FY 2020 was $340,000. Use this information to determine the dollar amount of the FY 2020 cost of goods sold. Use whole numbers (no cents).

During FY 2020 Annapolis Manufacturing had total manufacturing costs are $530,000. The January 1, 2020 balance of Work-in-Process Inventory is $80,000. The December 31, 2020 balance of Work-in-Process Inventory is $85,000. Use this information to determine the dollar amount of the FY 2020 Cost of Goods Manufactured. Use whole dollars (no cents).

Baltimore Company uses a job order cost system and applies overhead based on estimated rates.  The overhead application rate is based on total estimated overhead costs of $450,000 and direct labor hours of 11,000. During the month of February 2021, job A-1 incurred direct labor of 1,150 hours. Use this information to determine the amount of factory overhead that was applied to job A-1. Round to nearest whole number (no cents).

Small Manufacturing Company has a standard overhead rate of $42 per hour. The labor rate is $20 per hour. Overhead is applied based on direct labor hours. Jobs B-1 and B-2 were completed during the month of March. Small incurred 140 hours of indirect labor during the month. Job B-1 used 82 direct labor hours and $3650 worth of direct material used. Job B-2 used 90 direct labor hours and $4,100 worth of direct material. What is the total cost of job B-2? Round to closest whole dollar (no cents).