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ACC - Lock-Down Company

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Question;The following information is available for Lock-Down Company, which produces special-ordersecurity products and uses a job order cost accounting system.April 30InventoriesRawmaterialsGoods inprocessFinishedgoodsActivitiesandinformationfor MayRawmaterialspurchases(paid withcash)Factorypayroll (paidwith cash)FactoryoverheadIndirectmaterialsIndirectlaborOtheroverheadcostsSales(received incash)Predeterminedoverhead ratebased ondirect laborcostMay 31$40,000$50,0009,60019,50060,00033,200189,000400,00012,00075,000100,5001,200,00065%Compute the following amounts for the month of May. (Input all amounts as positive values.Omit the "$" sign in your response.)1.2.3.4.5.6.Cost of directmaterials used.Cost of direct laborused.Cost of goodsmanufactured.Cost of goodssold.*Gross profit.

 

Paper#39520 | Written in 18-Jul-2015

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