Consider the information in the additional information provided to bring Trish Flower Shop up-to-date through January 31, 2017. Trish Flowers Shops normal costing system has two direct-cost categories (direct material costs and direct manufacturing labor costs) and one indirect- cost pool ( manufacturing overhead costs, which are allocated using direct manufacturing labor costs).
A. The budgeted manufacturing overhead costs are for 2017 are $700,000 and $400,000 for direct manufacturing labor costs
b. the unfinished Job A as of January 31, 2017 has direct manufacturing labor costs of $ 4,000 (125 direct manufacturing labor-hours) and direct material costs of $10,000. Direct manufacturing labor-hours used for January to 3,500 hours
c. Total direct materials issued to production during January 2017 are 180,000
d Cost of goods completed during January is $360,000
e. Materials inventory as of January 31, 2017 is $40,000. Beginning materials inventory as 1/31/2016 was $ 35,000
f. Finished goods inventory beginning inventory as of January 31, 2016 was $ 10,000 and the ending inventory as of January 31, 2017 is $40,000
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