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    Flow of manufacturing costs

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    Flow of manufacturing costs

    The following data are taken from the accounting records of Ruiz Mfg. Co.:
    <i> Please see attachment for table</i>

    Compute the following amounts:
    a) Direct materials purchased during the period.
    e) The overhead application rate, assuming that overhead is applied to production as a percentage of direct labor costs.
    <i> Please see attachment for all questions</i>

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    Solution Preview

    a) Direct Materials Purchased during the year : End of Year Inv + End of Yr WIP + Direct materials used - Beg Inv - Beg WIP
    =20,000+25,000 +20,000 - 17,000 ...

    Solution Summary

    The flows of manufacturing costs are determined. The direct materials of purchases during the periods are provided.