Analying activity in inventory accounts

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Reference no: EM135092

Analying Activity in Inventory Accounts.

Select data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:

Raw materials used $300,000

Total manufacturing costs charged to production during the year (includes raw materials, direct labor, and manufacturing overhead applied at a rate of 60 percent of direct labor costs) 681,000

Cost of goods available for sale 826,000

Selling and general expenses 30,000

Inventories

beginning Ending

Raw materials $70,000 $80,000

Work-in-process 85,000 30,000

Finished goods 90,000 110,000

Required

Determined each of the following:

a. Cost of raw materials purchased

b. Direct labor costs charged to production

c. Cost of goods manufactured

d. Cost of good sold

Reference no: EM135092

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