Aprendizaje 56

ASIGNACIÓN CAPITULOS I9 Y 20



SOLUTION EXERCISE 19-3

|(a) |Materials used in product...DM | |Advertising expense Period|
| |Depreciation on plant……MOH | |Property taxes on plant MOH |
| |Property taxes onstore..Period | |Delivery expense Period |
| |Labor costs of assembly- ||Sales commissions Period |
| |line workers ………………..DL | ||
| | | |Salaries paid to sales clerks Period |
| |Factorysupplies used…..MOH | | |

b) Product costs are recorded as a part of the cost ofinventory, because they are an integral part of the cost of producing the product. Product costs are not expensed until the goods are sold. Period costs are recognized as an expense when incurred.SOLUTION EXERCISE 19-8

(a) Work-in-process, 1/1 $ 12,000
Direct materials used $100,000
Direct labor 110,000
Manufacturing overhead
Depreciation on plant $60,000
Factorysupplies used 23,000
Property taxes on plant 14,000
Total manufacturing overhead 97,000
Total manufacturing costs 307,000
Total cost of work-in-process 319,000
Less: endingwork-in-process 15,500
Cost of goods manufactured $303,500


(b) Finished goods, 1/1 $ 60,000
Cost of goods manufactured 303,500
Cost of goods available for sale 363,500...