Cost Accounting

Spring 2021

Week 1 Assignment

Must be submitted in the Week 1 Dropbox by EOD Monday, Jan 18th, 2021. Also. MUST be in Microsoft Word or Excel. No
other formats will be accepted.

1. Prepare a performance report in Excel or Word showing both month and year-to-date data for Post
Manufacturing’s Machining Department for February, 201X using the following data:

January February
Budgeted Data:
Machinists’ wages $6,200 $5,600
Supplies 3,200 3,000
Depreciation 2,000 2,000
Utilities 1,500 1,400

Actual Data:
Machinists’ wages $6,120 $5,650
Supplies 3,300 3,180
Depreciation 2,000 2,000
Utilities 1,580 1,390

2.The following data were taken from the general ledger of Data Corp., a retailer of computers and
accessories:
Merchandise Inventory, August 1 $ 323,000
Merchandise Inventory, August 31 296,000
Purchases 1,684,000

Compute the cost of goods sold for the month of August.

3. The following data were taken from the general ledger and other data of Price Fabricators on July 31:
Work in Process, July 1 $ 94,000
Finished Goods, July 1 78,000
Materials purchased in July 221,000
Cost of goods manufactured in July 464,000
Marketing and administrative costs in July 46,000
Finished Goods, July 31 82,000
Work in Process, July 31 75,000

Compute the cost of goods sold for Price Fabricators, selecting the appropriate items from the list
provided.