What was the cost of the raw materials used in production

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Reference no: EM13502149

Question

Dewey Company uses the weighted-average method in its process-costing system. The first processing department, the Welding Department, started the month with 15,000 units in its beginning work-in-process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work-in-process inventory was $19,200. An additional 86,000 units were started into production during the month. There were 13,000 units in the ending work-in-process inventory of the Welding Department that were 60% complete with respect to conversion costs. A total of $575,360 in conversion costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs is

 

Question

The following cost data pertain to the operations of Left-hand Department Stores, Inc., for the month of December.

Corporate legal office salaries

$74,000

Shoe Department cost of sales,
Brentwood Store

$35,000

Corporate headquarters building lease

$78,000

Store manager's salary
Brentwood Store

$14,000

Shoe Department sales commissions,
Brentwood Store

$5,000

Store utilities,
Brentwood Store

$14,000

Shoe Department manager's salary,
Brentwood Store

$3,000

Central warehouse lease cost

$10,000

Janitorial costs, Brentwood Store

$8,000

The Brentwood Store is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves all of the company's stores.

What is the total amount of the costs listed above that are not direct costs of the Brentwood Store?

 

Question

The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.

Sales

$910

Raw materials, inventory, beginning

$80

Raw materials, inventory, ending

$20

Purchases of raw materials

$100

Direct labor

$130

Manufacturing overhead

$200

Administrative expenses

$160

Selling expenses

$140

Work in process inventory, beginning

$40

Work in process inventory, ending

$10

Finished goods inventory, beginning

$130

Finished goods inventory, ending

$150

The cost of goods manufactured (finished) for the year (in thousands of dollars) was

 

Question

The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.

Sales

$910

Raw materials, inventory, beginning

$80

Raw materials, inventory, ending

$20

Purchases of raw materials

$100

Direct labor

$130

Manufacturing overhead

$200

Administrative expenses

$160

Selling expenses

$140

Work in process inventory, beginning

$40

Work in process inventory, ending

$10

Finished goods inventory, beginning

$130

Finished goods inventory, ending

$150

The cost of the raw materials used in production during the year (in thousands of dollars) was

 

Reference no: EM13502149

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