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    Problem Rhiles - Solution

    Uploaded by

    Taher Sellami
    Rhiles Industries, Inc is experiencing issues with its raw materials, work in process, and finished goods inventories based on the information provided. The document shows inventory quantities and costs at different stages of production. It also provides manufacturing overhead applied and incurred for the period.

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    © All Rights Reserved
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    Problem Rhiles - Solution

    Uploaded by

    Taher Sellami
    23 views4 pages
    Rhiles Industries, Inc is experiencing issues with its raw materials, work in process, and finished goods inventories based on the information provided. The document shows inventory quantities and costs at different stages of production. It also provides manufacturing overhead applied and incurred for the period.

    Original Description:

    Final Exam_Fall 2018

    Original Title

    Problem Rhiles_Solution (1)

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    © © All Rights Reserved

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    Rhiles Industries, Inc is experiencing issues with its raw materials, work in process, and finished goods inventories based on the information provided. The document shows inventory quantities and costs at different stages of production. It also provides manufacturing overhead applied and incurred for the period.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23 views4 pages

    Problem Rhiles - Solution

    Uploaded by

    Taher Sellami
    Rhiles Industries, Inc is experiencing issues with its raw materials, work in process, and finished goods inventories based on the information provided. The document shows inventory quantities and costs at different stages of production. It also provides manufacturing overhead applied and incurred for the period.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 4

    Problem (Rhiles Industries, Inc)

    Raw materials Inventory Work in process inventory Finished goods inventory


    59400 26850 26850 322400 322400 294200 16
    22830 29510 29510
    31940 6480 62900
    9260 28870 75480 28200
    7640 28870
    123430 99350 64220
    24080 77064 DL 62900
    364894 322400 Applied MOH 75480 1,2 x 62900
    Manufacturing overhead 42494
    4310 75480 DL 64220
    1925 77064 Cost of goods sold Applied MOH 77064
    4640 294200
    6480 4581 Cost of job A
    31610 DM 26850 Transaction 2
    26900 298781 DM 29510 Transaction 5
    4270 DL 62900 Transaction 7
    3380 Applied MOH 75480
    3250 Selling, general and adm costs DM 2660 Transaction 11
    7640 32980 DL 44000 Transaction 13
    30290 36200 Applied MOH 52800
    28520 294200
    2680 69180 Cost of job B
    1230 DM 8400 Transaction 11
    157125 152544 DL 9000 Transaction 13
    4581 4581 Applied MOH 10800
    28200
    Act > Applied ==> Underapplied
    Sales revenue Cost of job C
    418240 DM 17810 Transaction 11
    DL 11220 Transaction 13
    Applied MOH 13464
    42494 The cost of job C (in process) corresponds to the ending
    responds to the ending inventory of WIP

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