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-   -   Formulas (https://www.askmehelpdesk.com/showthread.php?t=194624)

  • Mar 14, 2008, 12:30 PM
    wadoca
    Formulas
    Flow of Inventoriable Costs

    --------------------------------------------------------------------------------

    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
  • Mar 18, 2008, 12:36 AM
    morgaine300
    See my reply in this thread as it's the same question. You really need to start thinking of this in terms of the flow of the accounts, which is what it really is, instead of like it's "formulas."

    https://www.askmehelpdesk.com/accoun...ts-171667.html

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