COST ACCOUNTING SOLUTIONS

#52 p. 41
a. Beginning finished goods = 25,000

Beg balance 25,000.00 Sales 200,000.00

COGM 135,000.00 COGS 140,000.00
COGS - 140,000.00 GM 60,000.00
Ending Balance 20,000.00

b. Direct labor = 40,000

Beg Balance WIP 7,000.00 TMC 140,000.00

TMC 140,000.00 DM 40,000.00
COGM - 135,000.00 FOH 60,000.00
Ending balnce WIP 12,000.00 DL 40,000.00

c. Ending Materials = 5,000

Beg balnce 15,000.00

Net Purchases 30,000.00
Raw Material used - 40,000.00
Ending Raw materials 5,000.00

d. COGS = 140,000
Sales 200,000.00
COGS - 140,000.00
GM 60,000.00

e. Prime Cost = 80,000

Direct Labor 40,000.00
Direct Material 40,000.00
Prime Cost 80,000.00

f. Conversion Cost = 100,000

Direct Labor 40,000.00

Factory Overhead 60,000.00
100,000.00

#54 P. 42 WIP bal 39,000.00

a. COGS = 2,483,000 (work upward) TMC 2,434,250.00
End bal - 42,250.00
Beg, balance FG 201,500.00 COGM 2,431,000.00
COGM 2,431,000.00
COGS - 2,483,000.00 TMC
Ending FG 149,500.00 DL 1,040,000.00
DM 783,250.00
b. TMC = 2,434,250 FOH 611,000.00
 TMC 2,434,250.00

c. Prime cost = 1,83,250

DL 1,040,000.00
DM 783,250.00
1,823,250.00

d. Total Expenses = 2,616,250

Delivery exp 19,500.00

Advertising exp 48,750.00
sale salaries 65,000.00
COGS 2,483,000.00
2,616,250.00

#55
a, Conversion cost = 136,000

DL 54,000.00
FOH 82,000.00
136,000.00
b. Prime cost = 105,000
Beg bal Raw 23,000.00
DL 54,000.00 Purchases 58,000.00
DM 51,000.00 RM used - 30,000.00
105,000.00 RM unused 51,000.00

c. Product cost = 187,000

Beg bal Raw 23,000.00
DM 51,000.00 Purchases 58,000.00
DL 54,000.00 RM used - 30,000.00
FOH 82,000.00 RM unused 51,000.00
187,000.00

d. Total Expense = 272,000

Selling exp 18,000.00 WIP bal 19,000.00

Administrative exp 42,000.00 TMC 187,000.00
COGS 212,000.00 End bal - 20,000.00
272,000.00 COGM 186,000.00

Beg balance 55,000.00

COGM 186,000.00
COGS - 212,000.00
Ending Balanc 29,000.00
56. cogas = 625.000
 FG beg balance 25,000.00
COGM 600,000.00
COGAS 625,000.00

57
a. Period Cost = 870,000 (operating exp)

b. Product cost = 6,150,000

DL 1,500,000.00
DM 2,250,000.00
FOH 2,400,000.00
6,150,000.00

58
a. Beg balance 2,287,500.00 WIP bal 750,000.00
COGM 6,562,500.00 TMC 6,750,000.00
COGS 6,000,000.00 End bal - 937,500.00
Ending Balance 2,850,000.00 COGM 6,562,500.00

b.
TMC 6,750,000.00
WIP beg bal. 750,000.00
COGPIP 7,500,000.00
59
WIP bal 98,000.00
TMC 444,500.00
End bal - 63,000.00
COGM 479,500.00

60
WIP beg 52,800.00
TMC 201,600.00
COGM 216,000.00
WIP End 38,400.00

61
TMC 381,150.00 DL 63,000.00
WIP beg bal. 50,400.00 DM 223,650.00
COGPIP 431,550.00 FOH 94,500.00
TMC 381,150.00

Beg bal Raw 50,400.00

Purchases 226,800.00
RM used - 53,550.00
RM unused 223,650.00