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Benedictine University Operations And Supply Chain Management Assignment Help - The Bags and Luggage Company

Question - The Bags and Luggage Company had the following account balances as of January 1: Direct Materials Inventory $ 9,200 Work in Process Inventory 78,400 Finished Goods Inventory 53,600 Manufacturing Overhead -0- During the month of January, all of the following occurred: 1. Direct labor costs were $42,000 for 1,800 hours worked. 2. Direct materials costing $35,750 and indirect materials costing $3,500 were purchased. 3. Sales commissions of $16,500 were earned by the sales force. 4. $26,000 worth of direct materials were used in production. 5. Advertising costs of $6,300 were incurred. 6. Factory supervisors earned salaries of $12,000. 7. Indirect labor costs for the month were $3,000. 8. Monthly depreciation on ...Read More

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