Purchase Solution

Accounting - Cost of Good Manufactured

Not what you're looking for?

Ask Custom Question

For the month of January 2007, Immelman Corporation had a beginning balance of $31,600 in Work in Process Inventory. During the month, the company added the following costs to Work in Process: direct materials, $45,450; direct labor, $27,000; and manufacturing overhead, $40,500. The ending balance in Work in Process Inventory was $18,700. What was the Cost of Goods Manufactured for the period? Prepare a schedule that shows the calculation of the cost of goods manufactured.

Purchase this Solution
Solution Summary

The solution answers the questions below in detail.

Solution Preview

Beg. Balance: 31,600
Costs Added: 45,450 + 27,000 + 40,500 = 112,950
Ending ...

Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Schedule of cost of goods manufactured

    64290 Managerial accounting Preparation of a schedule of costo goods Manufactured and cost goods sold.

  • Accounting Managerial: Cost of Goods Manufactured and Sold

    64825 Accounting Managerial Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold [LO1, LO3, LO4] The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

  • Accounting - Problem 7

    19043 Accounting - Problem 7 Schedule of cost of finished goods manufactured The accounting records of Enviro-Kleen Co. include the following information about the company's manufacturing costs and inventories in 2000: Please see attachment for

  • Schedule of Cost of Goods Manufactured

    Prepare a Schedule of Cost of Goods Manufactured in good form B. Compute the Cost of Goods Sold C. Using data from your answers above as needed, prepare an Income Statement in good form. Please see the attached file.

  • Managerial Accounting

    $50,000 Required: Prepare a schedule of cost of goods manufactured in good form.

  • Larop Corporation: Costs

    Cost of Goods Manufactured in good form.

  • Cost Accounting

    Prepare a Schedule of Cost of Goods Manufactured in good form.

  • total manufacturing cost

    Costs of good manufactured of SuperK Company are shown below.

  • cost curves

    Because MC is the first derivative of TC, TC changes too by the amount of the tax times the number of units manufactured by firm X. 2. If accounting profit is $400,000 greater than economic profit what do implicit costs equal?

View More Related Solutions