Cascade Manufacturing Company_Cost Accounting

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Description

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

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