Nama : Andra Sulthan Thayyib Mantjanegara

NIM : 041811233200

Tugas Akuntansi Biaya

E4-2 Calculation of cost of goods sold (in thousands):

$
Direct materials used................................................... 90
Direct labor.................................................................... 6
0
Factory overhead.......................................................... 8
0
Total manufacturing cost............................................. $2
30
. Add work in process inventory, beginning................ 2
5
0
$4
80
Less work in process inventory, ending .................... 2
1
0
Cost of goods manufactured ...................................... $2
70
Add finished goods inventory, beginning.................. 3
4
0
Cost of goods available for sale ................................. $6
10
Less finished goods inventory, ending...................... 3
0
0
Cost of goods sold....................................................... $3
10

E4-3
(1) Direct materials:
Direct materials inventory, beginning................ $ 37,500
Purchases............................................................. 160,000
Direct materials available for use ...................... $197,500
Less direct materials inventory, ending ............ 43,500
Direct materials consumed................................. $154,000
Direct labor.................................................................... 120,000
Factory overhead.......................................................... 108,000
Total manufacturing cost............................................. $382,000
Add work in process inventory, beginning ................ 61,500
$443,500
Less work in process inventory, ending..................... 57,500
Cost of goods manufactured....................................... $386,000
(2) Cost of goods manufactured (from (1))...................... $386,000
Add finished goods inventory, beginning.................. 27,000
Cost of goods available for sale ................................. $413,000
Less finished goods inventory, ending ...................... 26.000
Cost of goods sold....................................................... $387,000

E4-4
(1) Factory overhead incurred in May:
Indirect labor ........................................................................................ $22,000
Heat, light, and power.......................................................................... 11,220
Factory rent .......................................................................................... 18,500
Factory insurance ................................................................................ 2,000
Supplies used* ..................................................................................... 16,920
Supervisor’s salary.............................................................................. 5,000
Overtime premium** ............................................................................ 2,750
Total overhead...................................................................................... $78,390
*($5,600 + $16,500 – $5,180 = $16,920
** (.5 × $22 per hr.) × 250 hrs. = $2,750
4-4 Chapter 4

E4-4 (Concluded)
(2) Cost of goods manufactured:
Stores, April 30..................................................................................... $ 10,250
Purchases............................................................................................. 105,000
$115,250
Less: Stores, May 31............................................................................ 12,700
Direct materials consumed................................................................. $102,550
Direct labor used (4,250 × $22)........................................................... 93,500
Factory overhead ................................................................................. 78,390
Total manufacturing cost .................................................................... $274,440
Add work in process, beginning inventory ....................................... 60,420
$334,860
Less work in process, ending inventory ........................................... 52,800
Cost of goods manufactured.............................................................. $282,060
(3) Ending balance of finished goods:

Finished Cost of Finished Cost of

goods, + goods – goods, = goods
April 30 manufactured May 31 sold
$45,602 + $282,060 – X = $280,000
X = $ 47,662
Therefore, the finished goods ending balances is $47,662.