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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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