Managerial Accounting question

Pinning, Inc., manufactures dowhats. The manufacturing costs incurred during its first year of operations are as follows: Direct materials purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $415,000 Direct materials used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 385,000 Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 335,000 Manufacturing overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 430,000 Cost of finished goods manufactured (100 dowhats) . . . . . . . . . . . . . . . . . . . . . . . . 880,000 During the year, 110 completed dowhats were manufactured, of which 90 were sold. (Assume that the amount of the ending inventory of finished goods and the cost of goods sold are determined using the average per-unit cost of manufacturing a completed dowhat.) Instructions a. Compute each of the following and show all computations: 1. The average per-unit cost of manufacturing a completed dowhat during the current year. 2. The year-end balances of the following inventories: materials, work in progress, and finished goods. 3. The cost of goods sold during the year. b. For the current year, the costs of direct materials purchased, direct labor, and manufacturing overhead total $1,180,000. Is this the amount of manufacturing costs deducted from revenue in the current year? Explain fully

Place this order

The post Managerial Accounting question appeared first on Smashing Essays.

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"