partial operating data for charing cross company are presented below 542816
T Account Analysis with Unknowns
Partial operating data for Charing Cross Company are presented below. Charing Cross Company’s management has set the predetermined overhead rate for the current year at 80 percent of direct labor costs.
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partial operating data for charing cross company are presented below 542816
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|
Account/Transaction |
December |
|
Beginning Materials Inventory |
$ 42,000 |
|
Beginning Work in Process Inventory |
66,000 |
|
Beginning Finished Goods Inventory |
29,000 |
|
Direct materials used |
168,000 |
|
Direct materials purchased |
a |
|
Direct labor costs |
382,000 |
|
Overhead applied |
b |
|
Cost of units completed |
c |
|
Cost of Goods Sold |
808,000 |
|
Ending Materials Inventory |
38,000 |
|
Ending Work in Process Inventory |
138,600 |
|
Ending Finished Goods Inventory |
d |
Using T accounts and the data provided, compute the unknown values. Show all your computations.
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