Homework Answers
Direct material used in production
Direct material used in production = Raw material purchased during the year + Raw material inventory as on 1/1 - Raw material inventory as on 12/31
= $101,200 + $24,900 - $33,400
= $92,700
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20. GOD newconnect.mheducation.com Help Save & Exit Submit Quiz 2 McGown Corp has the following information:...
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McGown Corp has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $ 24,900 $ 33,400 Work in Process Inventory $ 22,700 $ 23,300 Finished Goods Inventory $ 33,200 $ 23,800 Additional information for the year is as follows: Raw materials purchases $ 101,200 Direct labor $ 83,300 Manufacturing overhead applied $ 89,100 Indirect materials $ 0 Compute the unadjusted cost of goods sold. $273,900 $264,500 $274,500 $147,200
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apter 15 HW Help Save & Exit Submit Check my work 10 1 of 3 Required information Use the following information to answer questions The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $25,000 $ 32,000 Work in process 9.900 20.400 Finished goods 70,000 33,000 Activities and information for May Raw materials...
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McGown Corp. has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending Inventory Inventory (1/1) (12/31) $ 23,900 $ 38,700 $ 15,100 $ 27,000 $ 37,000 $ 28,900 Additional information for the year is as follows: Raw materials purchases $ 101,900 Direct labor $ 83,800 Manufacturing overhead applied $ 88,500 Indirect materials $ 0 Compute the direct materials used in production.
Help Save & Exit Submit Check my work B Required information [The following information applies to the questions displayed below.) of 4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ oped $39,000 9,500 52,000 54,000 19,600 34,500 Book 178,000 100,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with...
Help Save & Exit Submit Check my work Required information The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $46,000 9,400 67,000 33,000 18,400 33,300 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor...
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-Final Quiz 2 0 Help Save & Exit Submit Mitchell Company was authorized to issue 58.000 shares of common stock. The company issued 31,000 shares of stock and later purchased 5,800 shares of treasury stock. The number of outstanding shares of common stock is: Multiple Choice O 32,800 o 21,200 25,200. 52,200 < Prev 9 of 10 Next > Rosierre Company purchased two identical inventory items. One of the items cost $6.00 and was purchased in January. The other was...
Help Save & Exit Submit Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (15 lbs. $4 per 1b.) Direct labor (2 hrs.@ $15.00 per hr.) $60 30 During June the company incurred the following actual costs to produce 8,600 units. Direct materials (131,400 lbs.$3.70 per 1b.) Direct labor (20,700 hrs. @ $15.10 per hr.) $486,180 312,570 AQ Actual Quantity SQ Standard Quantity AP Actual Price SP...
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apter 15 HW Help Save & Exit Submit Check my work 10 1 of 3 Required information Use the following information to answer questions The following information applies to the questions displayed below) The following information is available for Lock-Tite Company, which produces special order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $25,000 $ 32,000 Work in process 9.900 20.400 Finished goods 70,000 33,000 Activities and information for May Raw materials...
31% Sat 10:19 AM a Quiz #2-Chapters 3 & 4 Help Save & Exit Submit 31 Aecuaulated depreciation Beginning inventory Ending Inventory Expenses $700 14,000 2.350 18,300 27,500 Net Salea 800312 s 10,300 32,000 1,000 920 200 3,100 eBlook Cash Prepaid rent Rocounts payable Eguipnent Required a. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiset. Hint Not all information may be necessary b. Use the above information from a service company...
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