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(Solved): The following are partially completed T-accounts for Metlock. The accountant needs help filling in t ...



The following are partially completed

T

-accounts for Metlock. The accountant needs help filling in the remaining details of the accounts before closing month-end and starting next month's transactions. The only additional information available for this month includes payroll records and a few other items, as follows. Metlock paid

$91,000

in total payroll costs this month, split evenly between hourly manufacturing worker wages and manufacturing supervisor salaries. It paid

$3,700

in total utility costs:

80%

was for manufacturing facilities, and

20%

was for executive and administrative space. Buildings and equipment used in manufacturing are depreciated at a steady rate of

$20,000

per month; buildings and office equipment in executive and administrative spaces are depreciated at a steady rate of

$13,000

per month. Other indirect material and indirect labor costs amounted to $2,900.(a) Your answer is correct. Determine the COGS and COGM this month. COGS $

COGM $

eTextbook and Media Attempts: 1 of 4 used (b) V Your answer is correct. Determine the total manufacturing costs for the month. Total manufacturing costs $

eTextbook and Media Attempts: 2 of 4 used (c) Determine specific amounts for the following items this month: cost of direct materials used, cost of direct labor, and manufacturing overhead cost. Direct materials used Direct labor $

Manufacturing overhead cost $



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