Renka’s Heaters selected data for October 2014 are presented here (in millions): Direct materials inventory 10/ 1/ 2014 $105
Direct materials purchased 365
Direct materials used 385
Total manufacturing overhead costs 450
Variable manufacturing overhead costs 265
Total manufacturing costs incurred during October 2014 1,610
Work-in-process inventory 10/ 1/ 2014 230
Cost of goods manufactured 1,660
Finished goods inventory 10/ 1/ 2014 130
Cost of goods sold 1,770
Calculate the following costs:
a. Direct materials inventory on 10/31/2014
b. Fixed manufacturing overhead costs for October 2014
c. Direct manufacturing labor costs for October 2014
d. Work-in-process inventory on 10/31/2014
e. Cost of finished goods available for sale in October 2014
f. Finished goods inventory 10/31/2014