Homework Answers
Cost of raw material used = Beginning Inventory of raw material + Purchases – Ending inventory
= 22000+99000-25000
= $96000
Cost of Goods manufactured = Material used + Labor + overheads + Beginning WIP – Ending WIP
= 96000+124000+99000 + 34000-44000
= $309,000
COGS = COGM + Beginning FG inventory – Ending FG Inventory
= 309000+74000-54000
= $329000
COGS = 141800+34500-33000
= $143,300
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The Duerr Company manufactures a single product. All raw materials used are traceable to specific units...
The Duerr Company manufactures a single product. All raw materials used are traceable to specific units...
The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the Duerr Company follows: Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory $ 12,000 15,000 89,000 24,000 34,000 114,000 89,000 64,000 44,000 The company's cost of raw materials used, cost of goods manufactured...
The Duerr Company manufactures a single product. All raw materials used are traceable to specific units...
The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the Duerr Company follows: Beginning raw materials inventory $ 8,000 Ending raw materials inventory 11,000 Raw material purchases 85,000 Beginning work in process inventory 20,000 Ending work in process inventory 30,000 Direct labor 110,000 Total factory overhead 85,000 Beginning finished goods inventory 60,000 Ending finished goods inventory 40,000 The company's cost of raw materials used, cost of goods manufactured...
Richards Company manufactures a single product. All raw materials used are traceable to specific units of...
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A. The cost of the raw materials used in production during the year: B. The cost of goods manufactured for the year: C. The cost of goods sold for the year: D. The net income for the year: Finished goods inventory, beginning $240 Finished goods inventory, ending 320 Raw materials inventory, beginning 80 Raw materials inventory, ending 140 Work in process inventory, beginning 140 Work in process inventory, ending 100 Administrative expenses 300 Direct labor 400 Manufacturing overhead applied 460...
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Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead $22,200 67,000 23,600 29,400 35,000 49,800 37,000 All raw materials used were traceable to specific units of product. Healey Company's Cost of Goods Manufactured for the year is: Multiple Choice $158,000. $152,400. Loo o C $149,600. $153,000 $146,800.
Superior Company provided the following data for the year ended December 31 (all raw materials are...
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The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the Duerr Company follows: Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory $ 12,000 15,000 89,000 24,000 34,000 114,000 89,000 64,000 44,000 The company's cost of raw materials used, cost of goods manufactured...
Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the company follows: 01 Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory $ 21,000 23,000 101,000 51,000 36,000 141,000 71,000 66,000 56,000 The company's cost of direct materials used, cost of goods manufactured and...
The Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current Information for the Richards Company follows: Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory $ 15,000 17,000 95,000 45,000 30,000 135,000 65,000 60,000 50,000 The company's cost of raw materials used, cost of goods manufactured...
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