I have been working on this homework for seven long days. I have been working out of my accounting book 202. I have figure out all the answers you see here and according to my accounting book these answers are correct. The three questions with the ? Is the ones I cannot figure out. If someone show me how to figure "less Material inventor" I feel I can figure out the rest.
Work in process inventory, December 1, 2010 246000
Direct Materials:
Materials inventory, December 1, 2010 102000
Purchases 230000
Cost of materials available for use 332000
Less materials inventory, December 31, 2010 ?
Cost of direct materials used in production ?
Direct labor ?
Factory overhead 114000
Total Manufacturing costs incurred during December 660000
Total Manufacturing costs 906000
Less work in process inventory, December 31, 2010 252000
Cost of goods manufactured 654000
