Brown Motor company manufactures cars. During March the company purchased 10,000 batteries at cost of $100 per battery. Brown withdrew 8,000 batteries from the warehouse during the month. Of these 500 were used to replace the batteries in the cars used by traveling sales staff. The remaining 7,500 batteries were put into cars manufactured during the month.
Of the cars put into production during March , 80% were completed and transferred to the company's storage lot. Of the cars completed during the month, 75% were sold by March 31st.
Determine the cost of the batteries that would appear in each of the following accounts at March 31st. Show work.
Raw Materials=
work IN Progress=
Finished GOODS=
COST OF GOODS SOLD =
SELLING EXPENSE =
TOTAL COST =
Brown Motor company manufactures cars. During March the company purchased 10,000 batteries at cost of $100...
Marigold Motor Company manufactures automebiles. During September 2017, its first month of operations, the company purchased 6,000 head lamps at a cost of $10 per lamp. Marigold withdrew 5,580 lamps from the warehouse during the month. 40 of these lamps were used to replace the head lamps in autos used by traveling sales staff. The remaining 5,540 lamps were put in autos manufactured during the month. Of the autos put into production during 30. September 2017, 85 % were completed...
McQueen Motor Company manufactures automobiles. During September
2017, the company purchased 5,000 head lamps at a cost of $15 per
lamp. McQueen withdrew 4,650 lamps from the warehouse during the
month. Fifty of these lamps were used to replace the head lamps in
autos used by traveling sales staff. The remaining 4,600 lamps were
put in autos manufactured during the month.
Of the autos put into production during September 2017, 90% were
completed and transferred to the company's storage lot....
The Devon Motor Company produces automobiles, on April 1st the company had no beginning inventories and it purchased 7,280 batteries at a cost of $140 per battery. It withdrew 6,700 batteries from the storeroom during the month of these, 100 were used to replace batteries in cars being used by the company's traveling sales staff. The remaining 6,600 batteries withdrawn from the storeroom were placed in cars being produced by the company of the cars in production during April 90...
The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 5,960 batteries at a cost of $75 per battery. It withdrew 5,500 batteries from the storeroom during the month. Of these, 100 were used to replace batteries in cars being used by the company's traveling sales staff. The remaining 5,400 batteries withdrawn from the storeroom were placed in cars being produced by the company. Of the cars in production during April, 90...
McQueen Motor Company manufactures automobiles. During September 2020, the company purchased 4,000 head lamps at a cost of $10 per lamp. 20 of these lamps were used to replace the head lamps in autos used by traveling sales staff, and 3,700 lamps were put in autos manufactured during the month. Of the autos put into production during September 2020, 70% were completed and transferred to the company's storage lot. Of the cars completed during the month, 70% were sold by...
McQueen Motor Company manufactures automobiles. During September 2020, the company purchased 7,000 head lamps at a cost of $20 per lamp. 10 of these lamps were used to replace the head lamps in autos used by traveling sales staff, and 6,500 lamps were put in autos manufactured during the month. Of the autos put into production during September 2020, 80% were completed and transferred to the company’s storage lot. Of the cars completed during the month, 80% were sold by...
McQueen Motor Company manufactures automobiles. During September 2020, the company purchased 7,000 head lamps at a cost of $20 per lamp. 10 of these lamps were used to replace the head lamps in autos used by traveling sales staff, and 6,500 lamps were put in autos manufactured during the month Of the autos put into production during September 2020, 90% were completed and transferred to the company's storage lot. Of the cars completed during the month, 70% were sold by...
The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 8,000 batteries at a cost of $80 per battery. It withdrew 7,600 batteries from the storeroom during the month. Of these, 100 were used to replace batteries in cars being used by the company's traveling sales staff. The remaining 7,500 batteries withdrawn from the storeroom were placed in cars being produced by the company. Of the cars in production during April, 90...
McQueen Motor Company manufactures automobiles. During September 2020, the company purchased 5,000 head lamps at a cost of $15 per lamp. Fifty of these lamps were used to replace the head lamps in autos used by traveling sales staff, and 4,600 amps were put in autos manufactured during the month. of the autos put into production during September 2020, 90% were completed and transferred to the company's storage lot. Of the cars completed during the month 70% were sold by...
The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 6,730 batteries at a cost of $115 per battery. It withdrew 6,200 batteries from the storeroom during the month. Of these, 100 were used to replace batteries in cars being used by the company’s traveling sales staff. The remaining 6,100 batteries withdrawn from the storeroom were placed in cars being produced by the company. Of the cars in production during April, 90...