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    Nama: Andra Sulthan Thayyib Mantjanegara NIM: 041811233200 Tugas Akuntansi Biaya

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    Ada Dapi
    1) The document provides information about a student named Andra Sulthan Thayyib Mantjanegara including their name, student ID number, and a course assignment on cost accounting. 2) It includes calculations of cost of goods sold, work in process inventory, finished goods inventory, and manufacturing costs. 3) The summary provides the key figures and calculations from the document such as direct materials used of $154,000, direct labor of $120,000, and a cost of goods sold of $310,000.

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    Nama: Andra Sulthan Thayyib Mantjanegara NIM: 041811233200 Tugas Akuntansi Biaya

    Uploaded by

    Ada Dapi
    43 views3 pages
    1) The document provides information about a student named Andra Sulthan Thayyib Mantjanegara including their name, student ID number, and a course assignment on cost accounting. 2) It includes calculations of cost of goods sold, work in process inventory, finished goods inventory, and manufacturing costs. 3) The summary provides the key figures and calculations from the document such as direct materials used of $154,000, direct labor of $120,000, and a cost of goods sold of $310,000.

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    akbi week3

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    1) The document provides information about a student named Andra Sulthan Thayyib Mantjanegara including their name, student ID number, and a course assignment on cost accounting. 2) It includes calculations of cost of goods sold, work in process inventory, finished goods inventory, and manufacturing costs. 3) The summary provides the key figures and calculations from the document such as direct materials used of $154,000, direct labor of $120,000, and a cost of goods sold of $310,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views3 pages

    Nama: Andra Sulthan Thayyib Mantjanegara NIM: 041811233200 Tugas Akuntansi Biaya

    Uploaded by

    Ada Dapi
    1) The document provides information about a student named Andra Sulthan Thayyib Mantjanegara including their name, student ID number, and a course assignment on cost accounting. 2) It includes calculations of cost of goods sold, work in process inventory, finished goods inventory, and manufacturing costs. 3) The summary provides the key figures and calculations from the document such as direct materials used of $154,000, direct labor of $120,000, and a cost of goods sold of $310,000.

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    Nama : Andra Sulthan Thayyib Mantjanegara

    NIM : 041811233200

    Tugas Akuntansi Biaya

    E4-2 Calculation of cost of goods sold (in thousands):


    $
    Direct materials used................................................... 90
    Direct labor.................................................................... 6
    0
    Factory overhead.......................................................... 8
    0
    Total manufacturing cost............................................. $2
    30
    . Add work in process inventory, beginning................ 2
    5
    0
    $4
    80
    Less work in process inventory, ending .................... 2
    1
    0
    Cost of goods manufactured ...................................... $2
    70
    Add finished goods inventory, beginning.................. 3
    4
    0
    Cost of goods available for sale ................................. $6
    10
    Less finished goods inventory, ending...................... 3
    0
    0
    Cost of goods sold....................................................... $3
    10

    E4-3
    (1) Direct materials:
    Direct materials inventory, beginning................ $ 37,500
    Purchases............................................................. 160,000
    Direct materials available for use ...................... $197,500
    Less direct materials inventory, ending ............ 43,500
    Direct materials consumed................................. $154,000
    Direct labor.................................................................... 120,000
    Factory overhead.......................................................... 108,000
    Total manufacturing cost............................................. $382,000
    Add work in process inventory, beginning ................ 61,500
    $443,500
    Less work in process inventory, ending..................... 57,500
    Cost of goods manufactured....................................... $386,000
    (2) Cost of goods manufactured (from (1))...................... $386,000
    Add finished goods inventory, beginning.................. 27,000
    Cost of goods available for sale ................................. $413,000
    Less finished goods inventory, ending ...................... 26.000
    Cost of goods sold....................................................... $387,000

    E4-4
    (1) Factory overhead incurred in May:
    Indirect labor ........................................................................................ $22,000
    Heat, light, and power.......................................................................... 11,220
    Factory rent .......................................................................................... 18,500
    Factory insurance ................................................................................ 2,000
    Supplies used* ..................................................................................... 16,920
    Supervisor’s salary.............................................................................. 5,000
    Overtime premium** ............................................................................ 2,750
    Total overhead...................................................................................... $78,390
    *($5,600 + $16,500 – $5,180 = $16,920
    ** (.5 × $22 per hr.) × 250 hrs. = $2,750
    4-4 Chapter 4

    E4-4 (Concluded)
    (2) Cost of goods manufactured:
    Stores, April 30..................................................................................... $ 10,250
    Purchases............................................................................................. 105,000
    $115,250
    Less: Stores, May 31............................................................................ 12,700
    Direct materials consumed................................................................. $102,550
    Direct labor used (4,250 × $22)........................................................... 93,500
    Factory overhead ................................................................................. 78,390
    Total manufacturing cost .................................................................... $274,440
    Add work in process, beginning inventory ....................................... 60,420
    $334,860
    Less work in process, ending inventory ........................................... 52,800
    Cost of goods manufactured.............................................................. $282,060
    (3) Ending balance of finished goods:

    Finished Cost of Finished Cost of


    goods, + goods – goods, = goods
    April 30 manufactured May 31 sold
    $45,602 + $282,060 – X = $280,000
    X = $ 47,662
    Therefore, the finished goods ending balances is $47,662.

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