Question

In: Accounting

arreker Company manufactures cell phones. For next year, Carreker predicts that 55,400 units will be produced,...

arreker Company manufactures cell phones. For next year, Carreker predicts that 55,400 units will be produced, with the following total costs:

Direct materials

?

Direct labor

68,000

Variable overhead

21,000

Fixed overhead

190,000

Carreker expects to purchase $122,500 of direct materials next year. Projected beginning and ending inventories are as follows:

Direct Materials Inventory

Work-in-Process Inventory

Finished Goods Inventory

Beginning

$6,000

$14,800

$38,500

Ending

$5,900

$16,800

$30,000

Carreker expects to produce 55,400 units and sell 54,700 units.

1. What is cost of goods manufactured for the year?

2. What is cost of goods sold for the year?

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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