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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000...
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct...
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 80,000 $130,000 90,000 Work in process Finished goods 70,000 65,000 Required: What was the cost of goods sold for September?
Locator assignment to progresse Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company...
Locator assignment to progresse Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct bort of $100.000 month. Information on inventories was as follows: September 1 d September 30 e Materials $140,000 Work in process $80,000 $120,000 $80,000 Finished goods $65,000 $80,000 Required: 1. What was the cost of direct materials used in September 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured...
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing...
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $375,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 Work in process 80,000 $130,000 90,000 65,000 Finished goods 70,000 Required: What was the cost of goods sold for September? $665,000 x Check My Work Previous n 4:09 PM
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and...
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $140,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September? Next Previus 31 AM hp
antrent/a ssignat Man do invoker-StakeAssignment SessionLocator Sinprogress-false Calculator Print item Cost of Goods Sold In September,...
antrent/a ssignat Man do invoker-StakeAssignment SessionLocator Sinprogress-false Calculator Print item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $100,000. Overhead totaled $400,000 for the month. Information on Inventories was as follows: Materials Work in process September 1 $120,000 0 .000 September 30 $130,000 90.000 0.000 65.000 Finished goods 2 0.000 Required What was the cost of goods sold for September? 685,000 X
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing...
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell pro- duces small motors for lawn mowers. Suppose that the motor manufacturing cell is the cost object. Assume that all or a portion of the following costs must be assigned to the cell. a. Salary of cell supervisor b. Power to heat...
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used...
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75.000 90.000 Finished goods 40,000 25,000 Refer to Figure 2-14. What is the cost of goods manufactured? Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 90,000 75,000 40,000 25,000 Finished goods Refer to Figure 2-14. What is the cost...
In March, AEK Company purchased materials costing $14,000 and incurred direct labour cost of $20,000. Overhead...
In March, AEK Company purchased materials costing $14,000 and incurred direct labour cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows: March 1 March 31 Materials $8,600 $2,300 Work in process $1,700 $9,000 Finished Goods $7,000 $6,500 Required: (a) What was the cost of direct materials for March? (b) What was the total manufacturing cost in March? (c) What was the cost of goods manufactured for March?
Part 2: Determine Cost of Goods Manufactured and Cost of Goods Sold for the month of...
Part 2: Determine Cost of Goods Manufactured and Cost of Goods Sold for the month of September 2019. Inventories Materials Work in Process Finished Goods September 1 $175,000 100,000 50,000 September 30 $150,000 130,000 30,000 Materials purchased during September $400,000 Direct Labor. Factory Overhead . . $300,000 180,000 . .
The following shows the Schedule of Direct Materials Used, Cost of Goods Manufactured Cost of Goods...
The following shows the Schedule of Direct Materials Used, Cost of Goods Manufactured Cost of Goods Sold and Income Statement. Fill in the missing amounts for blanks 11 to 18 below. Beginning inventory, raw material. ..............11. ? Ending inventory, raw material .................. Purchase of raw material ...... 100,000 Direct material used. ... 70,000 Direct labour ......... ..................12. Manufacturing overhead ........ 250,000 Total manufacturing costs ........ 520,000 Beginning inventory, work in process.......... 35,000 Ending inventory, work in process .............. 13. Cost...
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 80,000 $130,000 90,000 Work in process Finished goods 70,000 65,000 Required: What was the cost of goods sold for September?
Locator assignment to progresse Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct bort of $100.000 month. Information on inventories was as follows: September 1 d September 30 e Materials $140,000 Work in process $80,000 $120,000 $80,000 Finished goods $65,000 $80,000 Required: 1. What was the cost of direct materials used in September 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured...
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $375,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 Work in process 80,000 $130,000 90,000 65,000 Finished goods 70,000 Required: What was the cost of goods sold for September? $665,000 x Check My Work Previous n 4:09 PM
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $140,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September? Next Previus 31 AM hp
antrent/a ssignat Man do invoker-StakeAssignment SessionLocator Sinprogress-false Calculator Print item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $100,000. Overhead totaled $400,000 for the month. Information on Inventories was as follows: Materials Work in process September 1 $120,000 0 .000 September 30 $130,000 90.000 0.000 65.000 Finished goods 2 0.000 Required What was the cost of goods sold for September? 685,000 X
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell pro- duces small motors for lawn mowers. Suppose that the motor manufacturing cell is the cost object. Assume that all or a portion of the following costs must be assigned to the cell. a. Salary of cell supervisor b. Power to heat...
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75.000 90.000 Finished goods 40,000 25,000 Refer to Figure 2-14. What is the cost of goods manufactured? Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 90,000 75,000 40,000 25,000 Finished goods Refer to Figure 2-14. What is the cost...
Part 2: Determine Cost of Goods Manufactured and Cost of Goods Sold for the month of September 2019. Inventories Materials Work in Process Finished Goods September 1 $175,000 100,000 50,000 September 30 $150,000 130,000 30,000 Materials purchased during September $400,000 Direct Labor. Factory Overhead . . $300,000 180,000 . .
The following shows the Schedule of Direct Materials Used, Cost of Goods Manufactured Cost of Goods Sold and Income Statement. Fill in the missing amounts for blanks 11 to 18 below. Beginning inventory, raw material. ..............11. ? Ending inventory, raw material .................. Purchase of raw material ...... 100,000 Direct material used. ... 70,000 Direct labour ......... ..................12. Manufacturing overhead ........ 250,000 Total manufacturing costs ........ 520,000 Beginning inventory, work in process.......... 35,000 Ending inventory, work in process .............. 13. Cost...
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