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The following are the accounts of ABC Corporation in its financial position on December 31, 2030...

The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031

2030

2031

Materials Inventory

60,000

90,000

Work in Process Inventory

34,000

35,000

Finished Goods Inventory

46,000

36,000

Accrued Payroll

6,200

7,000

The following amounts appeared in the company’s income statement for 2031:

Material used

600,000

Cost Goods Sold

1,840,000

Direct Labor

410,000

Indirect Labor

140,000

1. Compute the cost of goods manufactured

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Question 21 pts

The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031

2030

2031

Materials Inventory

60,000

90,000

Work in Process Inventory

34,000

35,000

Finished Goods Inventory

46,000

36,000

Accrued Payroll

6,200

7,000

The following amounts appeared in the company’s income statement for 2031:

Material used

600,000

Cost Goods Sold

1,840,000

Direct Labor

410,000

Indirect Labor

140,000

2. the payment of payroll

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Question 31 pts

The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031

2030

2031

Materials Inventory

60,000

90,000

Work in Process Inventory

34,000

35,000

Finished Goods Inventory

46,000

36,000

Accrued Payroll

6,200

7,000

The following amounts appeared in the company’s income statement for 2031:

Material used

600,000

Cost Goods Sold

1,840,000

Direct Labor

410,000

Indirect Labor

140,000

3. Materials Purchases

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Question 41 pts

The following are the accounts of ABC Corporation in its financial position on December 31, 2030 and December 31m 2031

2030

2031

Materials Inventory

60,000

90,000

Work in Process Inventory

34,000

35,000

Finished Goods Inventory

46,000

36,000

Accrued Payroll

6,200

7,000

The following amounts appeared in the company’s income statement for 2031:

Material used

600,000

Cost Goods Sold

1,840,000

Direct Labor

410,000

Indirect Labor

140,000

4. Total Manufacturing Cost.

Solutions

Expert Solution

1. Cost of goods manufactured = 1,830,000 $

2. Payment of payroll = 549,200 $

3. Materials purchases = 630,000 $

4. Total manufacturing cost = 1,831,000 $

ekkarill92 answered 1 year ago
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