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12. Caspar Co. had the following balances in 2017: Account Balance Beginning Raw Materials Inventory $5,000...
The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work...
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 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 inventory, ending $ 1,062,000 38,000 54,100 66,100 165,900 231,000 19,800 45,000 5, 250 56,000 81,000 137,000 48,000 40,200 70,400 Schedule...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in procesS inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net $12,30i0 19,000 11,800 33,500 $ 17,050 19, 500 13,800 22,600 21,800 17,150 41,400 15,000 22, 300 17,000 6,800 11,850 10,000 8,000...
Question Completion Status: QUESTION 6 The Sun and Moon Corporation reported the following account balances as...
Question Completion Status: QUESTION 6 The Sun and Moon Corporation reported the following account balances as of December 31, 2020. What is their Cost of Goods Manufactured? Beginning work in process inventory Beginning finished goods inventory Beginning raw materials inventory. Ending work in process inventory Ending finished goods inventory Ending raw materials inventory Raw materials purchases Direct labor Indirect labor Factory rent Depreciation on factory equipment Factory supplies used O $135,000 $31.000 $15,000 23,000 7,000 26,000 30,000 15,000 60,000 50,000...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
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 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 inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials...
Required information 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 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 inventory, ending 1,338,000 43,000 51,400 65,500 151,900 232,000 21,800 43,000 5, 250 60,000 95,000 144,000 43,700 41,900...
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials...
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead S 35,000 18,000 38,000 15,000 560,000 210,000 120,000 How much is Wasson's total cost of work in process for the year? A) $890,000 B) $928,000 C) $893,000 D) $925,000 Cost of goods manufactured equals $85,000 for 2019. Finished goods inventory is $2,000 at the beginning of the...
Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials...
Required information 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 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 inventory, ending 1,020,000 39,000 60,000 60,900 191, 100 239,000 23,400 55,000 5,250 55,000 89,000 142,000 42,200 38,200...
Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory,...
Required information 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 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 inventory, ending 1,417,000 38,000 53,300 66,000 176,000 230,000 18,300 41,000 5,250 58,000 103,000 127,000 40,800 46,300 71,300 Prepare...
The following selected account balances are provided for Delray Mfg. Sales $ 1,135,000 Raw materials inventory,...
The following selected account balances are provided for Delray Mfg. Sales $ 1,135,000 Raw materials inventory, Dec. 31, 2016 39,000 Work in process inventory, Dec. 31, 2016 53,800 Finished goods inventory, Dec. 31, 2016 65,200 Raw materials purchases 196,900 Direct labor 228,000 Factory computer supplies used 20,700 Indirect labor 45,000 Repairs—Factory equipment 5,250 Rent cost of factory building 51,000 Advertising expense 90,000 General and administrative expenses 138,000 Raw materials inventory, Dec. 31, 2017 45,600 Work in process inventory, Dec. 31,...
The following selected account balances are provided for Delray Mfg. Sales $ 1,159,000 Raw materials inventory,...
The following selected account balances are provided for Delray Mfg. Sales $ 1,159,000 Raw materials inventory, beginning 37,000 Work in process inventory, beginning 52,900 Finished goods inventory, beginning 60,100 Raw materials purchases 175,500 Direct labor 249,000 Factory supplies used (indirect materials) 21,300 Indirect labor 52,000 Repairs—Factory equipment 5,250 Rent cost of factory building 51,000 Advertising expense 90,000 General and administrative expenses 138,000 Raw materials inventory, ending 46,800 Work in process inventory, ending 41,300 Finished goods inventory, ending 67,500 Prepare its...
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 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 inventory, ending $ 1,062,000 38,000 54,100 66,100 165,900 231,000 19,800 45,000 5, 250 56,000 81,000 137,000 48,000 40,200 70,400 Schedule...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in procesS inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net $12,30i0 19,000 11,800 33,500 $ 17,050 19, 500 13,800 22,600 21,800 17,150 41,400 15,000 22, 300 17,000 6,800 11,850 10,000 8,000...
Question Completion Status: QUESTION 6 The Sun and Moon Corporation reported the following account balances as of December 31, 2020. What is their Cost of Goods Manufactured? Beginning work in process inventory Beginning finished goods inventory Beginning raw materials inventory. Ending work in process inventory Ending finished goods inventory Ending raw materials inventory Raw materials purchases Direct labor Indirect labor Factory rent Depreciation on factory equipment Factory supplies used O $135,000 $31.000 $15,000 23,000 7,000 26,000 30,000 15,000 60,000 50,000...
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 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 inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Required information 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 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 inventory, ending 1,338,000 43,000 51,400 65,500 151,900 232,000 21,800 43,000 5, 250 60,000 95,000 144,000 43,700 41,900...
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead S 35,000 18,000 38,000 15,000 560,000 210,000 120,000 How much is Wasson's total cost of work in process for the year? A) $890,000 B) $928,000 C) $893,000 D) $925,000 Cost of goods manufactured equals $85,000 for 2019. Finished goods inventory is $2,000 at the beginning of the...
Required information 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 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 inventory, ending 1,020,000 39,000 60,000 60,900 191, 100 239,000 23,400 55,000 5,250 55,000 89,000 142,000 42,200 38,200...
Required information 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 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 inventory, ending 1,417,000 38,000 53,300 66,000 176,000 230,000 18,300 41,000 5,250 58,000 103,000 127,000 40,800 46,300 71,300 Prepare...
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