29 Jun tion (TCO A) The following dat
Question
(TCO A) The following data (in thousands of dollars) have been taken from the accounting records of Larden Corporation for the just-completed year.
Sales
$950
Purchases of raw materials
$170
Direct labor
$210
Manufacturing overhead
$220
Administrative expenses
$180
Selling expenses
$140
Raw materials inventory, beginning
$70
Raw materials inventory, ending
$80
Work-in-process inventory, beginning
$30
Work-in-process inventory, ending
$20
Finished goods inventory, beginning
$100
Finished goods inventory, ending
$70
Required: Prepare a Schedule of Cost of Goods Manufactured statement in the text box below.
Question 2. Question :
(TCO F) The Indiana Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below.
Percentage completed
Units Materials Conversion
Work in process, June 1 70,000 65% 45%
Work in process, Jun 30 60,000 75% 65%
The department started 290,000 units into production during the month and transferred 300,000 completed units to the next department.
Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
:
Question 3. Question :
(TCO B) A tile manufacturer has supplied the following data:
Boxes of tile produced and sold 625,000
Sales revenue $2,975,000
Variable manufacturing expense $1,720,000
Fixed manufacturing expense $790,000
Variable selling and admin expense $152,000
Fixed selling and admin expense $133,000
Net operating income $180,000
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