[nhill28]

1. Messinger Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted:

Work-in-process inventory (January 1) $140,400
Work-in-process inventory (March 31) 171,000
Finished goods inventory (January 1) 540,000
Finished goods inventory (March 31) 510,000

Direct materials used 378,000
Indirect materials used 84,000
Direct manufacturing labor 480,000
Indirect manufacturing labor 186,000

Property taxes on manufacturing plant building 28,800
Salespersons' company vehicle costs 12,000
Depreciation of manufacturing equipment 264,000
Depreciation of office equipment 123,600

Miscellaneous plant overhead 135,000
Plant utilities 92,400
General office expenses 305,400
Marketing distribution costs 30,000

Required:
a. Prepare a cost of goods manufactured schedule for the quarter.
b. Prepare a cost of goods sold schedule for the quarter.

[morgaine300]

Please see the guidelines for posting homework problems:
https://www.askmehelpdesk.com/financ...-b-u-font.html

[jesus7]

Vehicle Components has an inventory of 510 obsolete remote entry keys that are carried in inventory at a manufacturing cost of $79,050. Production supervisor Ricky Johns must decide to do one of the following
Process the inventory further at a cost of 22,000 with the expectation of selling it for $30,000
Scrap the inventory for a sale price of $4,500
What should Johns do

[Brandon33]

Arizona brick company produces bricks in two processing departments molding and firming.
Information relating to the company's operations in March follows:

Process costing journal entries
a.Raw materials were issued for use in production:
Molding dept. $28,000
Firming Dept. $5,000

b. direct labor cost were incurred:
Molding dept. $18,000
Firming dept. 5,000

c. Manufacturing overhead was applied:
Molding dept. 24,000
Firming 37,000

d. unfired, molded bricks were transferred from the molding dept to the firing dept.
According to the company's process costing system the cost of unfired, molded bricks was 67,000
e.finished bricks were transferred to the firing dept to the finished goods warehouse the cost of the finished bricks was 108,000
f. finished bricks were sold to customers the cost was 106,000

[paraclete]

What is the point of posting questions as an add to someoneelse's question?