wadoca
Mar 14, 2008, 12:30 PM
Flow of Inventoriable Costs
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Direct materials inventory 8/1/07 $90,000,000
Direct materials purchased $360,000,000
Direct materials used $375,000,000
Total manufacturing overhead $480,000,000
Variable manufacturing overhead $$250,000,000
Total manufacturing costs $1,600,000,000
Work-in-process inventory 8/1/07 $200,000,000
Costs of goods manufactured $1,650,000,000
Finished goods inventory 8/1/07 $125,000,000
Cost of goods sold $1,700,000,000
What formulas do I use to calculate the following?
1. Direct materials inventory 8/31/07
2. Fixed manufacturing overhead costs for August
3. Direct manufacturing labor costs for August
4. Work-in-process inventory 8/31/07
5. Goods available for sale in August
6. Finished goods inventory 8/31/07
I really need to know how to get the formulas for my problem. Thanks
--------------------------------------------------------------------------------
Direct materials inventory 8/1/07 $90,000,000
Direct materials purchased $360,000,000
Direct materials used $375,000,000
Total manufacturing overhead $480,000,000
Variable manufacturing overhead $$250,000,000
Total manufacturing costs $1,600,000,000
Work-in-process inventory 8/1/07 $200,000,000
Costs of goods manufactured $1,650,000,000
Finished goods inventory 8/1/07 $125,000,000
Cost of goods sold $1,700,000,000
What formulas do I use to calculate the following?
1. Direct materials inventory 8/31/07
2. Fixed manufacturing overhead costs for August
3. Direct manufacturing labor costs for August
4. Work-in-process inventory 8/31/07
5. Goods available for sale in August
6. Finished goods inventory 8/31/07
I really need to know how to get the formulas for my problem. Thanks