## Solution for Cost Accounting: Foundations and Evolutions 8th Edition Chapter 5, Problem 16

by Michael R. Kinney, Cecily A. Raiborn
358 Solutions 19 Chapters 53442 Studied ISBN: 9781439044612 5 (1)

# Chapter 5, Problem Exercise 16 : Exercise 5-18   ...

 Exercise 5-18 Insert your answers in the gray-shaded cells of column G. If an amount is to be subtracted, enter it as a negative. If an answer is incorrect, the word "wrong" will appear. a. Cost of goods sold \$ 18,90,000 b. Cost of goods sold \$ 18,90,000 + Ending finished goods 57,000 - Beginning finished goods (90,000) Cost of goods manufactured c. Direct labor \$   3,95,000 Application rate 1.40 Applied overhead d. Cost of goods manufactured \$ 18,57,000 + Ending work in process 27,640 - Applied overhead (5,53,000) - Direct labor (3,95,000) - Beg. work in process (56,000) Direct materials used e. End. direct materials \$        4,100 + Direct materials used 8,80,640 - Beg. direct materials (24,600) Purchases

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#### Chapter 5, Problem Exercise 16

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