The controller at Emporia Precision Parts asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for June:
Prime costs, June $154,000
Total manufacturing costs, June 270,000
Cost of goods manufactured, June 261,000
Cost of goods sold, June 216,000
Direct material inventory, June 30 15,300
Work-in-process inventory, June 1 9,800
Finished goods inventory, June 30 81,000
Direct materials purchased, June 77,000
Direct labor costs, June 52,000
Required:
Compute the following for the month of June (Omit the “$” sign in your response):
a. Direct materials used, June
b. Direct material inventory, June 1
c. Conversion costs, June
d. Work-in-process inventory, June 30
e. Manufacturing overhead, June
f. Finished goods inventory, June 1
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more