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In: Accounting

Question# 4 The following data pertain to Duggan Company's operations during December: Dec 1 Dec 31...

Question# 4

The following data pertain to Duggan Company's operations during December:

Dec 1

Dec 31

Raw materials inventory

$0

$10,000

Work-in-process inventory

?

$5,000

Finished goods inventory

$10,000

?

Other data:

Cost of goods manufactured

$95,000

Raw materials used

$ 50,000

Manufacturing overhead costs

$ 20,000

Direct labour costs

$ 30,000

Gross profit

$110,000

Sales

$200,000

Please copy and paste the format below and include in your assignment, highlighting/bolding your final answer for each part:

Required:

A. What amount of raw materials was purchased?

B. What were the total manufacturing costs?

C.What was the beginning work-in-process inventory?

D. What was the cost of goods manufactured transferred to finished goods?

E. What was the ending finished goods inventory?

F. How much was cost of goods sold?

Solutions

Expert Solution

ekkarill92 answered 1 year ago
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