The following Taccounts record the operations of Bramble Co

The following T-accounts record the operations of Bramble Co.: Assume all raw materials are direct materials. Raw Materials Beginning Balance 11,376 ????? 64,948 Ending Balance 13,208 Work in Process Beginning Balance 16,148 Direct Material ????? Direct Labor 49,050 Overhead 75,724 ????? Ending Balance 24,278 Finished Goods Beginning Balance 27,498 ????? ????? Ending Balance 16,638 (a) Calculate the amount of direct materials purchased during the period. Raw materials purchased $ (b) Calculate the direct materials used in production during the period. Direct materials used in production $ (c) Calculate the total manufacturing cost for the period. Total manufacturing cost $ (d) Calculate the cost of goods manufactured for the period. Cost of goods manufactured $ (e) Calculate the cost of goods sold for the period. Cost of goods sold $

Solution

a the amount of direct materials purchased during the period = Ending Inventory+Invetory used for production - OpningInventory = $13208+64948-$11376 $    66,780.00 b Calculate the direct materials used in production during the period. = $64,948 c the total manufacturing cost for the period. = Direct Material Used+Direct Labor + Manufacturing Overhead = 64948+49050+75724 $ 189,722.00 d Calculate the cost of goods manufactured for the period. = Beginning WIP+Total Manufacturing Cost-closing wip = $16148+$189722-$24278 $ 181,592.00 e the cost of goods sold for the period. = Beginning Finished Goods inventory+Cost of goods manufactured-Ending finished goods inventory = $27498+181592-16638 $ 192,452.00