QUESTION 9 Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year: Factory production worker wages $ 30,000 Direct materials 20,000 Allocated factory rent 10,000 Allocated factory utilities 60,000 Sales commissions 200,000 At the end of the year WIP totaled $ 1,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.

QUESTION 9 Frying Dutchman, Inc. had beginning Work-in-Process Inventory (WIP) of $8,000. It incurred the following costs during the year: Factory production worker wages $ 30,000 Direct materials 20,000 Allocated factory rent 10,000 Allocated factory utilities 60,000 Sales commissions 200,000 At the end of the year WIP totaled $ 1,000. Calculate the total costs of goods manufactured and transferred to Finished Goods Inventory.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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