Need help preparing the
schedule of cost of goods manufactured for the current year ended
December 31.
Homework Answers
| Direct Material | ||
| ...Raw material Inventory, Beginning | $37,000 | |
| ...(+) Raw material purchases | $175,600 | |
| ...Raw material available for use | $212,600 | |
| ...(-) Raw material inventory, Ending | $42,700 | |
| Direct material used | $169,900 | |
| Direct Labor | $225,000 | |
| Factory Overhead : | ||
| ...Factory supplies used | $17,840 | |
| ...Indirect labor | $47,000 | |
| ...Repairs - Factory Equipment | $5,250 | |
| ...Rent cost of factory building | $57,000 | |
| Total factory overhead costs | $127,090 | |
| Total manufacturing costs | $521,990 | |
| (+) Work in process inventory , Beginning | $53,900 | |
| Total cost of work in process | $575,890 | |
| (-) Work in process inventory, Ending | $41,500 | |
| Cost of goods manufactured | $534,390 |
Add Answer to:
Need help preparing the schedule of cost of goods manufactured for the current year ended December...
Exercise 14-13 Preparing schedule of cost of goods manufactured P2 Given the following selected account balances...
Exercise 14-13 Preparing schedule of cost of goods manufactured P2 Given the following selected account balances of Delray Mfg., prepare its schedule of cost of goods manufactured for the current year ended December 31. Include a listing of the individual overhead account balances in this schedule. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor $1,250,000 Repairs-Factory equipment 37,000 Rent cost of factory...
Required information The following selected account balances are provided for Delray Mfg $1,250,000 37.000 53,900 Sales...
Required information The following selected account balances are provided for Delray Mfg $1,250,000 37.000 53,900 Sales Raw materials inventory. beginning Hork in process inventory. beginning Finished goods Inventory beginning Raw materiale purchases Direct labor Factory supplen used (indirect materiale Indirect labor Repairs Factory equipment Rent coat of factory building Advertising expense General and administrative expenses Raw materials inventory ending Work in process Inventory. ending Finished goods inventory ending 62.750 175.600 225,000 17,840 47,000 5,250 57,000 94,000 129,300 ces 42,700 41,500...
Required information Use the following information for the Exercises below. The following selected account balances are...
Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor $ 1,250,000 37,000 53,900 62,750 175,600 225,000 17,840 47,000 5,250 Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods...
Given the following selected account balance of Delray Mfg., prepare its schedule of cost of goods manufactured for...
Given the following selected account balance of Delray Mfg., prepare its schedule of cost of goods manufactured for the current year ended December 31. Include a listing of the individual overhead ac- count balances in this schedule. Exercise 18-13 Preparing schedule of cost of goods manufactured P2 interes inventory beginning Work in process inventory beginning .. Finished goods inventory beginning...... ReNoell purchases..... Drect whor.. Factory supplies used indirect materials)... $1.250.000 37,000 52,900 62,750 175.600 225,000 17,840 47.000 Repairs --Factory equipment...
Exercise 18-13 Preparing schedule of cost of goods manufactured Given the following selected account balances of...
Exercise 18-13 Preparing schedule of cost of goods manufactured Given the following selected account balances of Delray Mfg., prepare its schedule of cost of goods manufactured for the current year ended December 31. Include a listing of the individual overhead ac- count balances in this schedule. materials inventory, beginning..... Tok in process inventory, beginning Fished goods inventory beginning... os materials purchases Dred labor .......... .. Factory Supplies used indirect materials) hord labor $1,250,000 37,000 53 900 62,750 175,600 225.000 17.840...
1) 2) Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials i...
1)
2)
Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,250,000 37,000...
Required information The following selected account balances are provided for Delray Mfg. Sales $ 1,250,000 Raw...
Required information
The following selected
account balances are provided for Delray Mfg.
Sales
$
1,250,000
Raw materials
inventory, Dec. 31, 2016
37,000
Work in process
inventory, Dec. 31, 2016
53,900
Finished goods
inventory, Dec. 31, 2016
62,750
Raw materials
purchases
175,600
Direct
labor
225,000
Factory computer
supplies used
17,840
Indirect
labor
47,000
Repairs—Factory
equipment
5,250
Rent cost of
factory building
57,000
Advertising
expense
94,000
General and
administrative expenses
129,300
Raw materials
inventory, Dec. 31, 2017
42,700
Work in process
inventory,...
Required information The following selected account balances are provided for Delray Mfg. Sales $ 1,250,000 Raw...
Required information
The following selected
account balances are provided for Delray Mfg.
Sales
$
1,250,000
Raw materials
inventory, Dec. 31, 2016
37,000
Work in process
inventory, Dec. 31, 2016
53,900
Finished goods
inventory, Dec. 31, 2016
62,750
Raw materials
purchases
175,600
Direct
labor
225,000
Factory computer
supplies used
17,840
Indirect
labor
47,000
Repairs—Factory
equipment
5,250
Rent cost of
factory building
57,000
Advertising
expense
94,000
General and
administrative expenses
129,300
Raw materials
inventory, Dec. 31, 2017
42,700
Work in process
inventory,...
ezto.h uuldLIUICUM .LPA Sales Raw materials inventory, Dec 31, 2014 Work in process inventory, Dec 31,...
ezto.h uuldLIUICUM .LPA Sales Raw materials inventory, Dec 31, 2014 Work in process inventory, Dec 31, 2014 Finished goods inventory, Dec 31, 2014 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec 31, 2015 Work in process inventory, Dec 31, 2015 Finished goods inventory, Dec 31, 2015 $1,250,000 37,000 53.900 62.750 175,600 225,000 17,840 47,000 5,250 57.000 94,000 129,300 42,700 41,500...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data:...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
Exercise 14-13 Preparing schedule of cost of goods manufactured P2 Given the following selected account balances of Delray Mfg., prepare its schedule of cost of goods manufactured for the current year ended December 31. Include a listing of the individual overhead account balances in this schedule. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor $1,250,000 Repairs-Factory equipment 37,000 Rent cost of factory...
Required information The following selected account balances are provided for Delray Mfg $1,250,000 37.000 53,900 Sales Raw materials inventory. beginning Hork in process inventory. beginning Finished goods Inventory beginning Raw materiale purchases Direct labor Factory supplen used (indirect materiale Indirect labor Repairs Factory equipment Rent coat of factory building Advertising expense General and administrative expenses Raw materials inventory ending Work in process Inventory. ending Finished goods inventory ending 62.750 175.600 225,000 17,840 47,000 5,250 57,000 94,000 129,300 ces 42,700 41,500...
Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor $ 1,250,000 37,000 53,900 62,750 175,600 225,000 17,840 47,000 5,250 Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods...
Given the following selected account balance of Delray Mfg., prepare its schedule of cost of goods manufactured for the current year ended December 31. Include a listing of the individual overhead ac- count balances in this schedule. Exercise 18-13 Preparing schedule of cost of goods manufactured P2 interes inventory beginning Work in process inventory beginning .. Finished goods inventory beginning...... ReNoell purchases..... Drect whor.. Factory supplies used indirect materials)... $1.250.000 37,000 52,900 62,750 175.600 225,000 17,840 47.000 Repairs --Factory equipment...
Exercise 18-13 Preparing schedule of cost of goods manufactured Given the following selected account balances of Delray Mfg., prepare its schedule of cost of goods manufactured for the current year ended December 31. Include a listing of the individual overhead ac- count balances in this schedule. materials inventory, beginning..... Tok in process inventory, beginning Fished goods inventory beginning... os materials purchases Dred labor .......... .. Factory Supplies used indirect materials) hord labor $1,250,000 37,000 53 900 62,750 175,600 225.000 17.840...
1)
2)
Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,250,000 37,000...
Required information
The following selected
account balances are provided for Delray Mfg.
Sales
$
1,250,000
Raw materials
inventory, Dec. 31, 2016
37,000
Work in process
inventory, Dec. 31, 2016
53,900
Finished goods
inventory, Dec. 31, 2016
62,750
Raw materials
purchases
175,600
Direct
labor
225,000
Factory computer
supplies used
17,840
Indirect
labor
47,000
Repairs—Factory
equipment
5,250
Rent cost of
factory building
57,000
Advertising
expense
94,000
General and
administrative expenses
129,300
Raw materials
inventory, Dec. 31, 2017
42,700
Work in process
inventory,...
Required information
The following selected
account balances are provided for Delray Mfg.
Sales
$
1,250,000
Raw materials
inventory, Dec. 31, 2016
37,000
Work in process
inventory, Dec. 31, 2016
53,900
Finished goods
inventory, Dec. 31, 2016
62,750
Raw materials
purchases
175,600
Direct
labor
225,000
Factory computer
supplies used
17,840
Indirect
labor
47,000
Repairs—Factory
equipment
5,250
Rent cost of
factory building
57,000
Advertising
expense
94,000
General and
administrative expenses
129,300
Raw materials
inventory, Dec. 31, 2017
42,700
Work in process
inventory,...
ezto.h uuldLIUICUM .LPA Sales Raw materials inventory, Dec 31, 2014 Work in process inventory, Dec 31, 2014 Finished goods inventory, Dec 31, 2014 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec 31, 2015 Work in process inventory, Dec 31, 2015 Finished goods inventory, Dec 31, 2015 $1,250,000 37,000 53.900 62.750 175,600 225,000 17,840 47,000 5,250 57.000 94,000 129,300 42,700 41,500...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
Most questions answered within 3 hours.
-
Consider the competitive environment of Starbuck's, Progressive
Insurance, a manufacturing firm with low turnover, or a...
asked 31 minutes ago -
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 2 hours ago -
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 4 hours ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 4 hours ago -
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 5 hours ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 5 hours ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 4 hours ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 5 hours ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 4 hours ago -
Let’s say that for some reason Bank Excess Reserves suddenly
increase sharply. What effect would this...
asked 5 hours ago -
Given:
Curent Assets: $600,000
Total Assets: $2,600,000
Current Liabilities: $500,000
Total Liabilities: $1,700,000
What is the...
asked 5 hours ago -
1. What is a “Bankster”? What is insider trading? Why is it
illegal?
2. What is...
asked 5 hours ago