Reference no: EM132663534

Shubarquduq Coal Mine's (SCM) manufacturing costing system is comprised of a three-part classification of direct materials, direct manufacturing labor, and manufacturing overhead costs. The below information is extracted from the accounting system of the SCM.

For Particular Date

For Year of 2025

WIP inventory,01.01.2025             $13,9

Plant utilities                              $ 14,6

DM inventory, 31.12.2025              5,9

Indirect manufacturing labor         29,8

FG inventory, 31.12.2025                50,3

Depreciation-plant and equipment      7,1

Accounts payable, 31.12.2025          33,9

Revenues                                    614,6

Accounts receivable, 01.01.2025        91,7

Miscellaneous manufacturing overhead  23,5

WIP inventory, 31.12.2025                 8,4

Marketing, distribution, and
customer-service costs                     141,9

FG inventory, 01.01.2025                        16,1

Direct materials purchased                       164,8

Accounts receivable, 31.12.2025                32,1

Direct manufacturing labor                        71

Accounts payable, 01.01.2025                 56,6

Plant supplies used                                   9,7

DM inventory, 01.01.2025                         40,6

Property taxes on plant                             5,8

Required:

Problem 1: Calculate DM used.

Problem 2: Calculate manufacturing overhead costs for the period.

Problem 3: Calculate manufacturing costs for the period.

Problem 4: Calculate cost of goods manufactured.

Problem 5: Calculate cost of goods sold.

Problem 6: Calculate Operating Income by preparing Income Statement.