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  • Chapter 18 Practice Exercises

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    Mah El
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    The document contains several practice exercises and examples from an accounting textbook chapter on cost of goods manufactured. It includes sample problems calculating manufacturing costs, allocating overhead, and preparing income statements. The exercises cover topics like accounting for direct materials, direct labor, factory overhead, and work-in-process inventory.

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    The document contains several practice exercises and examples from an accounting textbook chapter on cost of goods manufactured. It includes sample problems calculating manufacturing costs, allocating overhead, and preparing income statements. The exercises cover topics like accounting for direct materials, direct labor, factory overhead, and work-in-process inventory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    11 views10 pages

    Chapter 18 Practice Exercises

    Uploaded by

    Mah El
    The document contains several practice exercises and examples from an accounting textbook chapter on cost of goods manufactured. It includes sample problems calculating manufacturing costs, allocating overhead, and preparing income statements. The exercises cover topics like accounting for direct materials, direct labor, factory overhead, and work-in-process inventory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    Practice Exercises: PE 18-5A Page 907

    Total manufacturing costs incurred

    Total manufacturing costs

    Less work in process inventory, May 31

    Cost of goods manufactured

    b.

    1
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    Practice Exercises: PE 18-5B Page 907

    Total manufacturing costs incurred

    Total manufacturing costs

    Less work in process inventory, November 31

    Cost of goods manufactured

    b.

    2
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    Practice Exercises: Ex 18-16 Page 911-912

    3
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    a. DISKSAN MANUFACTURING COMPANY


    Statement of Cost of Goods Manufactured
    For the Month Ended January 31

    Direct materials:

    Factory overhead:

    Total factory overhead

    Total manufacturing costs incurred

    Total manufacturing costs

    Less work in process inventory, January 31

    Cost of goods manufactured

    4
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    Practice Exercises: PR 18-2B Page 917

    5
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    Product Costs Period Costs


    Direct Direct Factory
    Materials Labor Overhead Selling Administrative
    Cost Cost Cost Cost Expense Expense
    a.
    b.
    c.
    d.
    e.
    f.
    g.
    h.
    i.
    j.
    k.
    l.
    m.
    n.
    o.
    p.
    q.
    r.
    s.
    t.
    u.
    v.
    w.
    x.

    6
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    Practice Exercises: PR 18-1A Page 913

    7
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    Product Costs Period Costs


    Direct Direct Factory
    Materials Labor Overhead Selling Administrative
    Cost Cost Cost Cost Expense Expense
    a.
    b.
    c.
    d.
    e.
    f.
    g.
    h.
    i.
    j.
    k.
    l.
    m.
    n.
    o.
    p.
    q.
    r.
    s.
    t.
    u.
    v.
    w.
    x.
    y.
    z.

    8
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises

    Practice Exercises: PR 18-5B Page 919

    9
    20SMGB311 – Accounting for Decision Making Chapter 18 Practice Exercises
    1. SHANIKA COMPANY
    Statement of Cost of Goods Manufactured
    For the Year Ended December 31, 20Y6

    Direct materials:

    Factory overhead:

    Total factory overhead

    Total manufacturing costs incurred

    Total manufacturing costs

    Less work in process inventory, December 31, 20Y6

    Cost of goods manufactured

    10

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