成本会计作业.doc

Exercise 2–14 1. Beginning inventory + Purchases – Ending inventory = Direct materials used $9,000 + $143,000 – Ending inventory = $110,000 Ending inventory = $42,000 2. Units in beginning finished goods inventory = $3,422/$11.80 = 290 Since 8,000 units were manufactured and 290 were in beginning finished goods inventory, 8,290 units were available for sale. But 8,120 units were sold, so ending finished goods inventory is 170. 3. Cost of goods manufactured = $40,000 + $20,000 – $18,750 = $41,250 4. Prime cost = $70 = Direct materials + Direct labor Direct materials = $70 – Direct labor Conversion cost = $84 = Direct labor + Overhead Overhead = $84 – Direct labor ($70 – Direct labor) + Direct labor + ($84 – Direct labor) = $120 Direct labor = $34 Direct materials + Direct labor = $70 Direct materials + $34 = $70 Direct materials = $36 5. Total manufacturing costs + BWIP – EWIP = COGM $446,900 + $160,000 – EWIP = $512,000 EWIP = $94,900 Prime cost + Overhead = Total manufacturing costs $290,000 + Overhead = $446,900 Overhead = $156,900 Exercise 2–17 1. Lucero Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Beginning inventory $ 47,000 Add: Purchases 160,400 Freight-in on materials 830 Materials available $208,230 Less: Ending inventory 17,000 Direct materials used in production $191,230 Direct labor 206,780 Manufacturing overhead: Materials handling $ 26,750 Factory supplies 37,800 Factory utilities 46,000 Factory supervision and indirect labor 190,000 Total overhead costs 300,550 Total manufacturing costs added $698,560 Add: Beginning work in process 201,000 Less: Ending work in process (98,000) Cost of goods manufactured $801,560 2. Lucero Company Statement of Cost of Goods Sold For the Year Ended December 31 Cost of goods manufactured $801,560 Add: Beginning finished goods inventory 18,000 Cost of goods available for sale $819,560 L