Road Warrio Warriorr Corporaton Corporaton began began opera operatons tons early early in he curren curren year, year, building building luury luury !oor !oor ho!es" ho!es" #uring #uring he y sared sared and and co!pleed co!pleed 5 !oor !oor ho!es ho!es a a cos cos o% $55,000 $55,000 per uni" uni" &% hese, hese, ' (ere (ere sold %or %or $105,000 $105,000 each a )nished goods in*enory in*enory"" +n additon, he co!pany had si si partally co!pleed unis in is is %acory a year-end" year-end" o o su!!ari.ed alphabetcally/ (ere as %ollo(s
#irec !aerials !aerials used #irec labor +nco!e a a epense eneral and ad!inisrat*e ad!inisrat*e epenses epenses anu%acuring o*erhead 3elling epenses
a.
$
750,000 800,000 100,000 500,000 1,200,000 500,000
Co!p Co!pu ue e he he oa oall !an !anu% u%ac acu uri ring ng cos cosss cha charg rged ed o (or4 (or4 in pr response.)
oal !anu%acuring !anu%acu ring coss b.
Co!p Co!pu ue e he cos cos o% )ni )nish shed ed goo goods ds !an !anu% u%ac acur ured ed %or %or he he cur
Cos o% )nished goods !anu%acured Co!pue he cos o% goods sold %or he curren year" (Omit th th
c. Cos o% goods sold
Co!pue he gross pro) on sales %or he curren year" (Omit
d. ross pro) on sales e.
Co!pue he ending in*enories in*enories o% 1/ (or4 in in process and 2 sign in your response.)
-1
nding in*enory o% (or4 in process
-2
nding in*enory o% )nished goods
ar, he co!pany nd (o re!ain in al coss %or he year
cess %or he curren year" (Omit the "$" sign in your
ren year" (Omit the "$" sign in your response.)
e "$" sign in your response.)
he "$" sign in your response.)
)nished goods %or he curren year" (Omit the "$"
he balances in he perpeual in*enory accouns o% :illsdale anu%acuring Corporaton a he beginning and %ollo(s nd o% 6ear +n*enory accouns aerials Wor4 in ;rocess
$
2,000 ,000 25,000
he oal dollar a!ouns debied and credied during he year o he accouns used in recording !anu%acuring act*ites are as %ollo(s
#ebi nries =ccoun aerials +n*enory #irec >abor ;ayable anu%acuring &*erhead Wor4 in ;rocess +n*enory
$
10,000 18,000 '',00 9 9
?sing he abo*e daa, co!pue he %ollo(ing a!ouns
a.
1 2
#irec !aerials purchased" #irec !aerials used"
'
;ay!ens o% direc labor payrolls"
#irec labor cos assigned o producton"
5
oal !anu%acuring coss charged o he Wor4 in ;rocess +n*enory accoun during he year" he cos o% )nished goods !anu%acured"
7
8
b.
Cos o% goods sold" he oal a!oun o be classi)ed as in*enory in he yearend balance shee"
;repare a schedule o% he cos o% )nished goods !anu sign in your response.)
:+>>3#=> =@?<=C?R+@ C&R;" 3chedule o% he Cos o%
oal !anu%acuring coss
Cos o% all goods in process during he year
Cos o% )nished goods !anu%acured
end o% he curren year are as
Beginning o% 6ear $
22,000 5,000 '8,000
Credi nries $
9 12,000 '',00 9 9
(Omit the "$" sign in your response.)
%acured" (Input all amounts as posive value. Omit the "$"
