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  • 1 D 2 B 3 B 4 A 5 B 6 D 7 D 8 D: Supporting Solutions

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    Likey Cruz
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    This document discusses just-in-time and backflush accounting methods. It provides examples of the calculations for total manufacturing costs, cost per unit, cost of goods sold, gross margin, and ending finished goods inventory using costs of $280,000 for materials, $440,000 for conversion costs, production of 60,000 units at a cost of $12 per unit, sales of 56,000 units for $896,000, and costs of goods sold of $672,000.

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    Process Costing

    Original Title

    Homework for Process Costing

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    This document discusses just-in-time and backflush accounting methods. It provides examples of the calculations for total manufacturing costs, cost per unit, cost of goods sold, gross margin, and ending finished goods inventory using costs of $280,000 for materials, $440,000 for conversion costs, production of 60,000 units at a cost of $12 per unit, sales of 56,000 units for $896,000, and costs of goods sold of $672,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    15 views1 page

    1 D 2 B 3 B 4 A 5 B 6 D 7 D 8 D: Supporting Solutions

    Uploaded by

    Likey Cruz
    This document discusses just-in-time and backflush accounting methods. It provides examples of the calculations for total manufacturing costs, cost per unit, cost of goods sold, gross margin, and ending finished goods inventory using costs of $280,000 for materials, $440,000 for conversion costs, production of 60,000 units at a cost of $12 per unit, sales of 56,000 units for $896,000, and costs of goods sold of $672,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Just-in-time and Backflush Accounting

    1 D
    2 B
    3 B
    4 A
    5 B
    6 D
    7 D
    8 D

    Supporting solutions:
    4 Materials purchased and used 280,000
    Conversion Cost 440,000
    Total manufacturing cost 720,000
    Units produced 60000
    Cost per unit 12
    Units sold 56,000
    Cost of goods sold 672000

    5 Total Manufacturing cost 720,000


    Cost of goods sold 672000
    Ending, Finished Goods 48,000

    6 Sales 896000
    Cost of goods sold 672000
    Gross Margin 224000

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