Aufa Zarar Luvian (120110230024)
Tugas Pengakun B
Exercise Chapter 19, Managerial Accounting
E 19.11
(a) A + $57.000 + $46.500 = $195.650 $252.500 - $11.000 = F
A = $92.150 F = $241.500
B + $195.650 = $221.500 $130.000 + G + $102.000 = $253.700
B = $25.850 G = $21.700
$221.500 - C = $185.275 $253.700 + H = $337.000
C = $36.225 H = $83.300
$68.400 + $86.000 + $81.600 = D $337.000 - $70.000 = I
D = $236.000 I = $267.000
$236.000 + $16.500 = E
E = $252.500
(b) Total cost of work in process $337.000
Less : Work in process (12/31/17) ($70.000)
Cost of goods manufacured $267.000
E 19.12
(a)
(a) $117,000 + $140,000 + $87,000 = $344,000
(b) $344,000 + $33,000 – $360,000 = $17,000
(c) $450,000 – ($200,000 + $132,000) = $118,000
(d) $40,000 + $470,000 – $450,000 = $60,000
(e) $265,000 – ($80,000 + $100,000) = $85,000
(f) $265,000 + $60,000 – $80,000 = $245,000
(g) $288,000 – ($70,000 + $75,000) = $143,000
(h) $288,000 + $45,000 – $270,000 = $63,000
(b)
HORIZON COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2017
Work in process, January 1 $ 33,000
Direct materials $ 117,000
Direct labor $ 140,000
Manufacturing overhead $ 87,000
Total manufacturing costs $ 344,000
Total cost of work in process $ 377,000
Less: Work in process inventory, December 31 $ 17,000
Cost of goods manufactured $360,000
E 19.13
(a) CEPEDA CORPORATION
Cost of Goods Manufactured Schedule
For the Month Ended June 30, 2017
Work in process, June 1 $3,000
Direct materials used $20,000
Direct labor $40,000
Manufacturing overhead
Indirect labor $4,500
Factory manager’s salary $3,000
Indirect materials $2,200
Maintenance, factory equipment $1,800
Depreciation, factory equipment $1,400
Factory utilities $400
Total manufacturing overhead $13,300
Total manufacturing costs $73,300
Total cost of work in process $76,300
Less: Work in process, June 30 $3,800
Cost of goods manufactured $72,500
(b) CEPEDA CORPORATION
Income Statement (Partial)
For the Month Ended June 30, 2017
Sales revenue $92,100
Cost of goods sold
Finished goods inventory, June 1 $5,000
Cost of goods manufactured $72,500
Cost of goods available for sale $77,500
Less: Finished goods inventory, June 30 $7,500
Cost of goods sold $70,000
Gross profit $22,100
E 19.14
(a) WASHINGTON CONSULTING
Schedule of Cost of Contract Services Performed
For the Month Ended August 31, 2017
Supplies used (direct materials) $ 1,700
Salaries of professionals (direct labor) $15,600
Service overhead:
Utilities for contract operations $1,400
Contract equipment depreciation $900
Insurance on contract operations $800
Janitorial services for professional offices $700
Total overhead $3,800
Cost of contract services provided $21,100
(b) The costs not included in the cost of contract services provided would
all be classified as period costs. As such, they would be reported on
the income statement under administrative expenses.
E 19.15
(a) Work-in-process, 1/1 $ 13,500
Direct materials
Materials inventory, 1/1 $ 21,000
Materials purchased $150,000
Materials available for use $171,000
Less: Materials inventory, 12/31
$30,000
Direct materials used $141,000
Direct labor $220,000
Manufacturing overhead $180,000
Total manufacturing costs $541,000
Total cost of work-in-process $554,500
Less: Work-in-process, 12/31 $17,200
Cost of goods manufactured $537,300
(b) AIKMAN COMPANY
Income Statement (Partial)
For the Year Ended December 31, 2017
Sales revenue $910,000
Cost of goods sold
Finished goods, 1/1 $ 27,000
Cost of goods manufactured$537,300
Cost of goods available for sale
$564,300
Less: Finished goods, 12/31 $21,000
Cost of goods sold $543,300
Gross profit $366,700
(c) AIKMAN COMPANY
Balance Sheet (Partial)
December 31, 2017
Current assets
Inventories
Finished good $21,000
Work in process $17,200
Raw materials $30,000 $68,200
(d) In a merchandising company’s income statement, the only difference would
be in the computation of cost of goods sold. Beginning and ending finished
goods would be replaced by beginning and ending merchandise inven-
tory, and cost of goods manufactured would be replaced by purchases. In
a merchandising company’s balance sheet, there would be one inventory
