ZuoTi.Pro
Question

E2-27A (similar to) 35,000 units of its product at a price of $15 each during the year. Click the icon to view the amounts) (Click the icon to view the calculation of cost of goods East Aquatic Company Income Staternent 3
Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts bel h during the year Data Table Beginning End of End of Year $ 7,000 of Year s 29,000 S 34,000 Insurance on plant s 38,000 S 35,000 Depreciation-plant building and equipment.. 12,500 s 20,000 s 21,000 Repairs and maintenance-plant Year Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor.. Indirect labor $ 3,900 77,000 $ 26,500 S 79,000 Marketing expenses.. 82,000 General and administrative expenses $ 43,000 Print Done er in the input fields and then click Check Answer Clear All 4 5 6 8 0 0
East Aquatic Industries Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used $ 38,000 $ 74,000 82,000 66,400 260,400 35,000 Direct labor Manufacturing overhead Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured (CGM) $ 225,400 Print Done lds Clear All F5 5 6
for the most recent year.Use the calculation of cost of goods sold, cost of goods manufactured, and the a e year Reference East Aquatic Manufacturing Calculation of Cost of Goods Sold For Current Year Beginning finished goods inventory Plus: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold $ 20,000 225,400 245,400 21,000 $ 224,400 PrintDone ut fields and then click Check Answer Clear All 5 6 8 9
(Click the icon to view the calculation of cost of goods sold,) East Aquatic Company Income Statement For Current Year Beginning finished goods inventory Cost of goods available for sale Cost of goods manufactured Cost of goods sold Ending finished goods inventory General and administrative expenses Gross proft Marketing expenses Operating expenses Operating income Operating loss ch put fields and then click Check Answe All Sales revenues
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.
Income Statement:
Sales Revenue 35,000 Units*$15 $ 525,000
Less: Cost of Goods Sold $-224,400
Gross Profit $ 300,600
Less:
Operating Expenses:
Marketing Expenses $ 77,000
General and Admin Expense $ 26,500 $-103,500
Operating Income $ 197,100
0 0
Add a comment
Know the answer?
Add Answer to:
E2-27A (similar to) 35,000 units of its product at a price of $15 each during the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • E2-27A (similar to) EQuestion Help Prepare the income statement for South Marine Company for the most...

    E2-27A (similar to) EQuestion Help Prepare the income statement for South Marine Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 31,000 units of its product at a price of $15 each during the year 囲(Click the icon to view the amounts.) Reference ( lick the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the...

  • Homework: Ch 2 HW Score: 0 of 2 pts E2-27A (book/static) Save 10 of 10 (8...

    Homework: Ch 2 HW Score: 0 of 2 pts E2-27A (book/static) Save 10 of 10 (8 complete) HW Score: 69.23%, 9 of 13 pts Question Help Prepare the income statement for West Nautical Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 34,000 units of its product at a price of $12 each during the year. EE! (Click the icon to view...

  • Prepare the income staterment for East Aquatic Company for the most recent year. Use the calculation...

    Prepare the income staterment for East Aquatic Company for the most recent year. Use the calculation of cosl of goods sold, cost of goods marufactured, and the amounts below. Assume that the company sold 37,000 units of its product at a price of S15 each during the Click the icon to view the amounts.) (Click the icon to view the calculation of oost cf goods manufactured. ) ':Click the con to vicw the calculation of cost of goods sold )...

  • E2-27A (similar to) Question Help amounts below. Ass Pat the 0ongary sold 34.000 units of its...

    E2-27A (similar to) Question Help amounts below. Ass Pat the 0ongary sold 34.000 units of its product EB (Click the loon to view the amounts giClick he icon to view the calciaton of castof dsmuuttaed.) 8proeof$10 each dviengee ye" Strike Gold Cempany Income Statement For Current Year Less: Less Data Table Reference manufactured and Beginning End of Strike Geld Industries Calculation of Cost of Geeds Manufactured End of Raw mateias inventory Work in process ientory Finished goos inveory Purchases of...

  • Prcpare the incomc statement for East Aquatic Company for the most rocent year Use the calculation...

    Prcpare the incomc statement for East Aquatic Company for the most rocent year Use the calculation ot cost of goods sold, cost o g0ods manufactured, and the amounts below. Assume that the ocmpany sold 37,000 units of its product at a price of $15 cach dunng the year 囲《Click the icon to view the amounts.) Click tne icon to view the calculation of cost of goods manufactured) (Cack tne icon to view the calculation of cnest ot goods sokd) Data...

  • Prepare the income statement for Clear Bay Company for the most recent year. Use the action...

    Prepare the income statement for Clear Bay Company for the most recent year. Use the action of cost of goods sold cost of goods manufactured and the amounts below. Assume that the company sold 35.000s of its product tape of $14 och during the year the icon to view the amounts) then to the calculation of cost of goods manufactured) Click the icon to view the calculation of cost of goods sold) Clear Bay Company Income Statement For Current Year...

  • Prepare the income statement for Strike Gold Company for the most recent year. Use the calculation...

    Prepare the income statement for Strike Gold Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 32,000 units of its product at a price of $14 each during the year :: (Click the icon to view the amounts) (Click the icon to view the calculation of cost of goods manufactured.) (Click the icon to view the calculation of cost of goods sold.)...

  • Those are all the information given by the question 66 Prepare the income statement for Blue...

    Those are all the information given by the question 66 Prepare the income statement for Blue Sea Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 39,000 units of its product at a price of $10 each during the year. (Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured.) A Data Table...

  • Prepare the income statement for Strike Gold Company for the most recent year. Use the calculation...

    Prepare the income statement for Strike Gold Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 32.000 units of its product at a price of $14 each during the year Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured) (Click the icon to view the calculation of cost of goods sold )...

  • prepare the income statement for east aquatic company for the most recent year. use the calculation...

    prepare the income statement for east aquatic company for the most recent year. use the calculation of cost of goods sold, cost of goods manufactured, and the amount below. Assume that the company sold 30,000 units for its product at a price of $11 each during the year. DATA: ------------------------------------------ ^^ what i did so far .. please use same format because i am confused Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT