Question:
(Cost accumulation) Barfield Mfg. Co. applies overhead to jobs at a rate of 140 percent of direct labor cost. The following account information is available.
|
Direct Material Inventory
|
Work in Process Inventory
|
|
Beg. Balance
|
24,600
|
|
?
|
Beg. balance
|
56,000
|
|
?
|
|
Purchases
|
?
|
|
|
Direct
|
|
|
|
|
|
|
|
material
|
?
|
|
|
|
|
|
|
Direct labor
|
395,000
|
|
|
|
|
|
|
Overhead
|
?
|
|
|
|
4,100
|
|
|
|
27,640
|
|
|
|
Finished Goods Inventory
|
Cost of Goods Sold
|
|
Beg. balance
|
90,000
|
|
1,890,000
|
|
?
|
|
|
|
Goods
|
|
|
|
|
|
|
|
|
completed
|
?
|
|
|
|
|
|
|
|
57,000
|
|
|
|
|
|
|
Calculate the following items that are missing from Barfield's account information:
a. Cost of goods sold
b. Cost of goods manufactured
c. Amount of overhead applied to production
d. Cost of direct material used
e. Cost of direct material purchased