As the Management Accountant for Bynami Enterprises,Inc March 31 Inventories Were as Follows: Materials,$540,200; Work in Process,$795,400;

question 177

Essay

As the management accountant for Bynami Enterprises,Inc.,you have been asked to prepare a statement of cost of goods manufactured at the end of the first quarter.Account balances at that time were as follows:
$$\begin{array} { l r r } \text { Materials inventory, January 1, 20xx } & 510,500 \\\text { Work in proces5 inventory, January 1, 20ax } & 697,300 \\\text { Finished goods inventory, January 1, 20xx } & 701,200 \\\text { Direct materials purchased during the quarter } & 1,105,400 \\\text { Direct labor costs } & 154,800 \\\text { Depreciation expense, plant and equipment } & 16,200 \\\text { Plant supervisors' salaries } & 50,600 \\\text { Insurance exgense, plant and equipment } & 1,100 \\\text { Utilities exgense, plant } & 4,000 \\\text { Indirect labor costs } & 16,800 \\\text { Manufacturing Supplies exgense } & 3,400 \\\text { Small tools expense } & 1,500 \\\end{array}$$ March 31 inventories were as follows: materials,$540,200; work in process,$795,400; and finished goods,$604,100.Prepare the statement of cost of goods manufactured for the first quarter of 20xx.

---

Definitions:

Race

A social construct used to categorize humans into large and distinct groups based on physical characteristics, ancestry, historical affiliations, or shared culture.

Family Hierarchy

The structured order of importance or authority within a family unit, influencing roles and interactions.

Health Care Decisions

Choices made by individuals or their surrogates about medical treatments or interventions, including preferences regarding end-of-life care.

Gender

Socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse people.