Homework Answers
Add Answer to:
ods Manufactured nber 31, 2019 ns) Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory,...
Support Schedule of Cost of Goods Manufactured and sold At December 31, 2019, the end of...
Support Schedule of Cost of Goods Manufactured and sold At December 31, 2019, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2019: Materials inventory, January 1 $25,000 Materials inventory, December 31 15,000 Work in process inventory, January 1 30,000 Work in process inventory, December 31 41,000 Finished goods inventory, January 1 51,000 Finished goods inventory, December 31 36,000 Net delivered cost of materials purchased 150,000 Direct labor 148,000 Indirect material 12,000 Indirect labor 37,000...
End of 2017 Beginning of 2017 28,000 24,000 16,000 Benesch Company Direct materials inventory Work-in-process inventory...
End of 2017 Beginning of 2017 28,000 24,000 16,000 Benesch Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer service costs General and administrative costs 29,000 21,000 20,000 79,000 22,000 14,000 8,000 15,000 5,000 98,000 23,000 Consider the following account balances (in thousands) for the Benesch Company B Click the icon to view the account balances.) Requirements 1....
1 Data Table Neal Company Beginning of 2017 23,000 24,000 10,000 Direct materials inventory Work-in-process inventory...
1 Data Table Neal Company Beginning of 2017 23,000 24,000 10,000 Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance End of 2017 25,000 21,000 22,000 76,000 20,000 17,000 6,000 16,000 3,000 90,000 27,000 Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs Print Done Consider the following account balances in thousands) for the Neal Company (Click the icon to view the account...
12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the icon...
12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the icon to view the information) Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2019. Schedule of Cost of Goods Manufactured Year Ended December 31, 2019 (in millions) Direct Materials Used Direct Materials Used 12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the...
The following balances are from the accounts of Tappan Parts January 1 Direct materials inventory Work-in-process...
The following balances are from the accounts of Tappan Parts January 1 Direct materials inventory Work-in-process inventory Finished goods inventory $ 22,400 32,200 5,209 December 31 (Endint) $ 24,889 29,200 6,600 Direct materials used during the year amount to $45,700 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement. Manufacturing costs Direct materials Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Required:...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 98,600 109,300 42,300 December 31 (Ending) $ 109,500 107,400 45,100 Direct materials purchased during the year amount to $514,200, and the cost of goods sold for the year was $1,865,000 Required: Prepare a cost of goods sold statement. $ 109,300 CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,600 32,200 5,000 December 31 (Ending) $ 24,600 28,800 7,500 Direct materials used during the year amount to $46,500 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 98,200 107,500 42,000 December 31 (Ending) $ 110,500 107,800 43,200 Direct materials purchased during the year amount to $517,200, and the cost of goods sold for the year was $1,855,000 Required: Prepare a cost of goods sold statement. CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning finished goods inventory Manufacturing...
Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials...
Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials purchases $ Raw materials inventory, December 31, 2018 984,000 165,000 1,149,000 $ 1,149,000 Raw materials available for use Less: Raw materials inventory, December 31, 2019 Direct materials used Finished goods, December 31, 2019 Factory overhead Depreciation expense---Factory equipment Factory supervision Factory supplies used Factory utilities Indirect labor Maintenance expense--Factory equipment Miscellaneous production costs Rent expense-Factory building ces 0 1,149,000 Total factory overhead...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21.800 32,800 5,800 December 31 KEnding) $ 24,600 28,900 6,700 Direct materials used during the year amount to $45,500 and the cost of goods sold for the year was $53,100. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials:...
Support Schedule of Cost of Goods Manufactured and sold At December 31, 2019, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2019: Materials inventory, January 1 $25,000 Materials inventory, December 31 15,000 Work in process inventory, January 1 30,000 Work in process inventory, December 31 41,000 Finished goods inventory, January 1 51,000 Finished goods inventory, December 31 36,000 Net delivered cost of materials purchased 150,000 Direct labor 148,000 Indirect material 12,000 Indirect labor 37,000...
End of 2017 Beginning of 2017 28,000 24,000 16,000 Benesch Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer service costs General and administrative costs 29,000 21,000 20,000 79,000 22,000 14,000 8,000 15,000 5,000 98,000 23,000 Consider the following account balances (in thousands) for the Benesch Company B Click the icon to view the account balances.) Requirements 1....
1 Data Table Neal Company Beginning of 2017 23,000 24,000 10,000 Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance End of 2017 25,000 21,000 22,000 76,000 20,000 17,000 6,000 16,000 3,000 90,000 27,000 Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs Print Done Consider the following account balances in thousands) for the Neal Company (Click the icon to view the account...
12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the icon to view the information) Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2019. Schedule of Cost of Goods Manufactured Year Ended December 31, 2019 (in millions) Direct Materials Used Direct Materials Used 12. ABC Manufacturing Company has the following data for 2019 (amounts in millions) Click the...
The following balances are from the accounts of Tappan Parts January 1 Direct materials inventory Work-in-process inventory Finished goods inventory $ 22,400 32,200 5,209 December 31 (Endint) $ 24,889 29,200 6,600 Direct materials used during the year amount to $45,700 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement. Manufacturing costs Direct materials Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Required:...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 98,600 109,300 42,300 December 31 (Ending) $ 109,500 107,400 45,100 Direct materials purchased during the year amount to $514,200, and the cost of goods sold for the year was $1,865,000 Required: Prepare a cost of goods sold statement. $ 109,300 CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,600 32,200 5,000 December 31 (Ending) $ 24,600 28,800 7,500 Direct materials used during the year amount to $46,500 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 98,200 107,500 42,000 December 31 (Ending) $ 110,500 107,800 43,200 Direct materials purchased during the year amount to $517,200, and the cost of goods sold for the year was $1,855,000 Required: Prepare a cost of goods sold statement. CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning finished goods inventory Manufacturing...
Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials purchases $ Raw materials inventory, December 31, 2018 984,000 165,000 1,149,000 $ 1,149,000 Raw materials available for use Less: Raw materials inventory, December 31, 2019 Direct materials used Finished goods, December 31, 2019 Factory overhead Depreciation expense---Factory equipment Factory supervision Factory supplies used Factory utilities Indirect labor Maintenance expense--Factory equipment Miscellaneous production costs Rent expense-Factory building ces 0 1,149,000 Total factory overhead...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21.800 32,800 5,800 December 31 KEnding) $ 24,600 28,900 6,700 Direct materials used during the year amount to $45,500 and the cost of goods sold for the year was $53,100. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials:...
Most questions answered within 3 hours.
-
A sample of food (1.00 g) was mixed with appropriate amount of
water and titrated using...
asked 5 minutes ago -
Conformers:
list the following substituents in order from most equatorial
position preferring to least: (CH3)3, H,...
asked 6 minutes ago -
Twenty students took a test. The average grade was 86 with a
standard deviation of 9....
asked 17 minutes ago -
NP complete problem:
Big project problem. To finish the big project, you need to
finish X...
asked 10 minutes ago -
How much is the
multiplier?. Here are some facts about the economy of Inferior.
Marginal propensity...
asked 12 minutes ago -
What’s the allocation of the purchase price between newmont merger
goldcorp?
And does the merger adhere...
asked 12 minutes ago -
I am getting an error that the variable num was not declared in
the scope on...
asked 13 minutes ago -
Peroxyacetyl Nitrate (PAN) is formed by addition of NO2
to the corresponding peroxyacetyl radical. PAN is...
asked 17 minutes ago -
Suppose that at a large university 30% of students are involved
in intramural sports. If we...
asked 25 minutes ago -
Answer items 7 and 8 from the following information:
The mean for VO2max is 50 ml/kg/min...
asked 25 minutes ago -
The formation factor of a rock sample is 50. Calculate the
porosity if the sample is;...
asked 27 minutes ago -
If the anion in an insoluble salt is a conjugate base of a weak
acid, will...
asked 32 minutes ago