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3 years ago

Assume that the following events occurred at a division of Generic Electric for March of the current year:

Business

1 answer:

stiks02 [169]3 years ago

5 0

Answer:

Transferred in Manufacturing Costs $ 32,000,000

Transferred out $ 20,800,000

Ending Balance $ 11,200,000

Explanation:

Generic Electric

Material Purchases $ 15,000,000

Transferred to Work in Process = 10,500,000

Direct Labor $ 8,000,000

Manufacturing Overhead $ 13,500,000

Total Manufacturing Costs $ 36,500,000

Transferred in Manufacturing Costs $ 32,000,000

Completed 65 % of $ 32,000,000=$ 20,800,000

Transferred out $ 20,800,000

Ending Balance = $ 32,000,000-$ 20,800,000= $ 11,200,000

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