What is the cost of goods manufactured ? Please show your work . ( Points : 30 ) ================================================== ACCT 346 Midterm Set 2 ( New )
For more course tutorials visit www . uophelp . com
6 . ( TCO 6 ) Handy Display Company manufactures display cases to be sold to retail stores . The cases come in three sizes : large , medium , and small . Currently , Handy Display Company uses a single plant-wide overhead rate to allocate its $ 3,357,800 of annual manufacturing overhead . Of this amount , $ 820,000 is associated with the Large Case line , $ 1,276,800 is associated with the Medium Case line , and $ 1,261,000 is associated with the Small Case line . Handy Display Company is currently running a total of 33,000 machine hours : 10,000 in the Large Case line , 13,300 in the Medium Case line , and 9,700 in the Small Case line . Handy Display Company uses machine hours as the cost driver for manufacturing overhead costs .
7 . ( TCO 2 ) Fred Co . incurred costs of $ 800,000 for direct materials ( raw ) purchased . Direct labor was $ 5,000 and factory overhead was $ 15,000 for March .
Inventories were as follows : Raw materials beginning $ 2,000 ; raw materials ending $ 4,000 ;
Work-in-process beginning $ 210,000 ; work-in-process ending $ 190,000 ;
Finished goods beginning $ 13,000 ; finished goods ending $ 12,500 ;
What is the cost of goods manufactured ? Please show your work . ( Points : 30 ) ================================================== ACCT 346 Midterm Set 2 ( New )
For more course tutorials visit www . uophelp . com