This Solution For schedule of cost of goods manufactured & JZ is a musician

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Problem 1

Required: Use the following information to complete the below schedule of cost of goods manufactured.

(25 points)

Purchases of raw materials $120,000.00 

Raw materials available for use $148,000.00 

Cost of direct raw materials used $124,000.00 

Manufacturing overhead $24,000.00 

Total manufacturing costs $310,000.00 

Ending work-in-process inventory $(46,000.00)

Cost of goods manufactured $306,000.00

Schedule of Cost of Goods Manufactured

Beginning inventory, raw materials 

Plus: Purchases of raw materials 

Raw materials available for use $- 

Less: Ending raw materials inventory 

Cost of direct raw materials used $- 

Direct labor 

Manufacturing overhead 

Total manufacturing costs $- 

Plus: Beginning work-in-process inventory 

Total work in process $- 

Less: Ending work-in-process inventory 

Cost of goods manufactured $-

Problem 2

Required: JZ is a musician who is considering whether to independently produce and sell a CD. JZ estimates fixed costs of $10,000 and variable costs of $4.00 per unit. The expected selling price is $12 per CD. What is JZ's break-even point in units and dollars?

Break-even point in units Fixed Costs 

Contribution margin per unit

Break-even point in dollars Break-even point in units * selling price

    • 10 years ago
    UPDATED 100% correct answer A+++++++++++++++++++TUTORIAL GUARANTEED PERFECT PLAGIARISM FREE WORK PERFECT CALCULATIONS
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