Cost AccountingSelected data concerning operations of Cascade Manufacturing Company for the past fiscal year followRaw materials used ……………………………………… $300,000Total manufacturing costs charged to production during the year(includes raw materials, direct labor, and manufacturing overheadapplied at a rate

Cost AccountingSelected data concerning operations of Cascade Manufacturing Company for the past fiscal year followRaw materials used ……………………………………… $300,000Total manufacturing costs charged to production during the year(includes raw materials, direct labor, and manufacturing overheadapplied at a rate.

Cost Accounting

Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:

Raw materials used ……………………………………… $300,000
Total manufacturing costs charged to production during the year
(includes raw materials, direct labor, and manufacturing overhead
applied at a rate of 60 percent of direct labor costs) ……………… 681,000
Cost of goods available for sale……………………………… 826,000
Selling and general expenses……………………………….. 30,000
Inventories
Beginning Ending
Raw materials…………. $70,000 $ 80,000
Work-in-process……….. 85,000 30,000
Finished goods………… 90,000 110,000

Required
Determine each of the following:
Cost of raw materials purchased
Direct labor costs charged to production
Cost of goods manufactured
Cost of goods sold

 

Cost AccountingSelected data concerning operations of Cascade Manufacturing Company for the past fiscal year followRaw materials used ……………………………………… $300,000Total manufacturing costs charged to production during the year(includes raw materials, direct labor, and manufacturing overheadapplied at a rate

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