Professional Documents
Culture Documents
Chapter 5
Chapter 5
Chapter 5
TRUE/FALSE
1. True
2. True
3. False
4. True
5. True
6. True
7. True
8. True
9. True
10. False
16,000
2)
32,000
Finished goods
Raw and In Process
13,500
3)
16,000
15,000
17,000
13,500
1,000
1,000
12,700
12700
1,700
1,700
Finished goods
Raw and In process
443,000
443,000
Purchases
444,000
Mat. In RIP beg (23,400-2,400)
21,000
Mat. In RIP end (25,600-3,600)
( 22,000)
Mat. Content of FG
443,000
447,000
447,000
443,000
16,000
( 12,000)
447,000
5)
730,000
350,000
380,000
1,200
1,200
3,600
( 2,400)
1,200
1,000
1,000
7,000
(8,000)
(1,000)
346,000
9,800
( 10,700)
345,100
2.
345,100
8,000
( 6,700)
346,400
3)
346,000
346,000
250,000
100,000
150,000
c) Finished goods
Raw and In Process
345,100
345,100
346,400
346,400
Page 3
e) Raw and In Process
Cost of goods sold
Finished goods
End
Beginning
Increase (decrease(
500
400
900
RIP
1,700
(1,200)
500
FG
3,100
(4,000)
( 900)
Finished goods
Raw and In Process
99,850
99,850
Materials purchased
Materials in RIP beg. (5,000-500)
Materials in RIP end (5,250-650)
Materials backflushed from RIP
3)
102,850
102,850
5)
100,000
4,500
( 4,650)
99,850
99,850
8,000
( 5,000)
102,850
140,000
80,000
60,000
150
600
750
RIP
FG
End
Beginning
Increase (decrease)
650
(500)
150
2,500
(3,250)
750
Page 3
Problem 5 Chiz Manufacturing Company
1)
Materials purchased
Materials in RIP beg. ( 14,500-7,200)
Materials in RIP end ( 22,400-15,700)
Materials backflushed from RIP to FG
246.000
7,300
( 6,700)
246,600
2)
246,600
7,200
( 6,700)
247,100
3)
Materials purchased
RIP beg.
FG beg.
Direct labor
Factory overhead
RIP end
FG end
Cost of goods sold
246,000
14,500
16,000
98,000
125,000
( 22,400)
( 19,800)
457,300
a)
246,000
246,000
b)
Finished goods
Raw and in process
246,600
246,600
c)
247,100
247,100
d)
223,000
4)
e)
98,000
125,000
8,500
4,300
12,800
RIP
15,700
FG
13,100
BEGINNING
Increase (Decrease)
( 7,200)
8,500
( 8,800)
4,300