Maliyet Muhasebesi Alternative Questions CHAPTER 2: Alternative Questions Question 1. Clark Company had the following activities during 2001: Direct materials: Beginning inventory $ 25,000 Purchases 77,000 Ending inventory 13,000 Direct manufacturing labor 20,000 Indirect manufacturing costs 15,000 Ending work-in-process inventory 5,000 Beginning work-in-process inventory 1,000 Ending finished goods inventory 20,000 Beginning finished goods inventory 30,000 Required: a. What is Clark's cost of direct materials used during 2001? b. What is Clark's cost of goods manufactured during 2001? c. What is Clark's cost of goods sold during 2001? Question 2. The following data (in thousands of dollars) have been taken from the accounting records of Karling Corporation for the just completed year. Sales ........................................................ $990 Raw materials inventory, beginning .. 40 Raw materials inventory, ending ....... 70 Purchases of raw materials ............... 120 Direct labor ........................................... 200 Manufacturing overhead ..................... 230 Administrative expenses .................... 150 Selling expenses .................................. 140 Work in process inventory, beginning 70 Work in process inventory, ending .... 50 Finished goods inventory, beginning .. 120 Finished goods inventory, ending ....... 160 Required: a. The cost of the raw materials used in production during the year (in thousands of dollars) b. The cost of goods manufactured (finished) for the year (in thousands of dollars) c. The cost of goods sold for the year (in thousands of dollars) Question 3. Makuson Company had the following account balances: For specific date For year 2002 Direct materials, December 31 2002 $ 17,000 Administration salaries $ 14,000 Direct materials, January 1, 2002 22,000 Depreciation, factory building 17,000 Finished goods inventory, Dec. 31, 2002 16,500 Direct materials, purchased 81,000 Finished goods inventory, Jan. 1, 2002 13,000 Factory utilities 7,500 Work-in-process, December 31, 2002 11,000 Indirect manufacturing labor 13,000 Work-in-process, January 1, 2002 9,000 Direct manufacturing labor 50,000 Indirect materials 7,000 Marketing expenses 35,000 Miscellaneous factory overhead 4,000 Revenues 225,000 Required: Prepare the income statement and supporting schedule of cost of goods manufactured for Makuson Company for the year 2002? Question 4. Consider the following data of the RM Company for the year 2004: Administration costs 500,000 Advertising costs 300,000 Depreciation - machines 140,000 Direct manufacturing labor 1,360,000 Direct mat.erials 1/1/2004 240,000 Direct materials 31/12/2004 172,000 Direct materials purchased 1,960,000 Finished goods, 1/1/2004 420,000 Finished goods, 31/12/2004 800,000 Fire insurance - plant 60,000 Indirect manufacturing labor 172,000 Leasing costs – plant 240,000 Sales 7,000,000 Sales commissions 400,000 Sales salaries 360,000 Work In Process, 1/1/2004 60,000 Work In Process, 31/12/2004 40,000 Required: a. Prepare a cost of goods manufactured schedule for the year. b. Prepare an income statement for the year Question 5. Active Company had the following account balances for the year ending December 31, 2008: Depreciation of manufacturing equipment … $ 32,000 Depreciation of office equipment ……………. 7,500 Direct manufacturing labor ……………………. 50,000 Direct materials used …………………………… 78,000 Distribution costs ………………………………… 15,000 Factory utilities …………………………………. 8,500 Finished goods inventory (December 31)… 12,000 Finished goods inventory (January 1)…..…… 24,000 General office expenses ………………………… 12,000 Indirect manufacturing labor ……………….. 10,000 Indirect materials used ……………………….. 3,000 Sales Revenue…………………………………… 260,000 Selling and marketing costs ………………… 18,000 Work-in-process inventory (December 31)…. 15,000 Work-in-process inventory (January 1) …..… 4,000 a. Prepare a cost of goods sold schedule for the year. b. Prepare an income statement for the year. Question 6. Using the following information find the unknown amounts. Assume each set of information is an independent case. a. Direct Materials Beginning balance $ 10,000 Ending balance 28,000 Purchases of direct material 86,000 Direct materials used ? b. Work-in-process Inventory Ending balance $ 4,000 Cost of goods manufactured 42,000 Beginning balance 15,000 Current manufacturing costs ? c. Finished Goods Inventory Cost of goods manufactured $122,000 Ending balance 35,000 Cost of goods sold 112,000 Beginning balance ?