Company has old inventory on hand that cost $12,000. Its serap value is only $$.

Question

Company has old inventory on hand that cost $12,000. Its serap value is only $$.000. 20. Arrow inventory That should Arrow do? Support your work with an incremental analysis could be sold for $20,000 if manufactured further at an additional cost of $13,000 21·The following data pertain to the Oklahoma River Manufacturing Compnay for te year ended December 31, 2016: Beginning direct material inventory Ending direct material inventory Beginning work in rocessinventory- Ending work in prices inventory Beginning finished goods inventory Ending finished foods invento Direct material purchased $8,000 Factory supplies 3,000 Factory depreciation 7,000 Depreciation on sales office 5,000 Assembly line labor cost $128,500 38,000 20,000 750,000 75,000 110,000 350,000 17 ry6,000 Depreciation on factory equipment 504,000 Factory supervision Required: A. What is the cost of direct material used during 2016? What is the cost of direct labor used during 2016? C. What is the cost of manufacturing overhead for 2016? D. What is the total manufacturing cost incurred during 2016? E. What is the cost of goods manufactured for 2016? F. What is the cost of goods sold for 2016? B.

Explanation / Answer

Q 20

Inventory value if processed further (20000-13000) $ 7,000

Inventory scrap value $ 5,000

Incremental profit due to further processing $ 2,000

Please raise one more question for Q 21 as per Chegg policy.

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