Asked by Frisca Kim Lun on Jun 17, 2024
Verified
Lando Company reported the following amounts for 2016 : Raw materials purchased $83,000 Ending work in process inventory $6,300 Beginning raw materials inventory 5,200 Manufacturing overhead costs applied 36,000 Ending raw materials inventory 4,500 Beginning work in process inventory 6,100\begin{array}{l}\text { Lando Company reported the following amounts for } 2016 \text { : }\\\begin{array} { l r l r } \text { Raw materials purchased } & \$ 83,000 & \text { Ending work in process inventory } & \$ 6,300 \\\text { Beginning raw materials inventory } & 5,200 & \text { Manufacturing overhead costs applied } & 36,000 \\\text { Ending raw materials inventory } & 4,500 & \text { Beginning work in process inventory } & 6,100\end{array}\end{array} Lando Company reported the following amounts for 2016 : Raw materials purchased Beginning raw materials inventory Ending raw materials inventory $83,0005,2004,500 Ending work in process inventory Manufacturing overhead costs applied Beginning work in process inventory $6,30036,0006,100 Instructions
Calculate the cost of materials used in production
Raw Materials Purchased
This term refers to the total cost or expenditure on raw materials that have been bought for use in production during a specific period.
Work in Process Inventory
Inventory representing the cost of unfinished goods being produced, including materials, labor, and overhead expenses.
Manufacturing Overhead Costs Applied
The estimated indirect costs associated with production, such as utilities, rent, and maintenance, allocated to products.
- Compute the aggregate manufacturing expenditures, encompassing direct materials, labor, and allocated overhead costs.
Verified Answer
Learning Objectives
- Compute the aggregate manufacturing expenditures, encompassing direct materials, labor, and allocated overhead costs.
Related questions
Metal Used in Construction of a Tank Is Part Of ...
Norman Company Manufactures Customized Desks What Is the Total Manufacturing ...
In Determining Total Manufacturing Costs on the Cost of Goods ...
Costas Company Has Beginning and Ending Raw Materials Inventories of ...
Given the Following Data for Glennon Company Compute (A) Total ...