Question 4 (7 points) During FY 2018 Bay Manufacturing had total manufacturing costs are $450,000. Their...
Question 4 (7 points)
During FY 2018 Bay Manufacturing had total manufacturing costs are $450,000. Their cost of goods manufactured for the year was $447,000. The January 1, 2019 balance of Work-in-Process Inventory is $42,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)
Homework Answers
Answer :- Calculation of the dollar amount of the FY 2018 beginning Work-in-process inventory :-
Beginning Work-In-Process Inventory = Cost of goods manufactured + Ending WIP - Total manufacturing cost
Beginning Work-in-Process Inventory = $447,000 + $42,000 - $450,000
Beginning Work-In-Process Inventory = $39,000
IF YOU HAVE ANY QUERY ASK IN COMMENT SECTION . IF YOU LIKE MY WORK PLZ RATE. THANKS
Add Answer to:
Question 4 (7 points)
During FY 2018 Bay Manufacturing had total manufacturing
costs are $450,000. Their...
During FY 2018 Bay Manufacturing had total manufacturing costs are $440,000. Their cost of goods manufactured...
During FY 2018 Bay Manufacturing had total manufacturing costs are $440,000. Their cost of goods manufactured for the year was $455,000. The January 1, 2019 balance of Work-in-Process Inventory is $50,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)
During FY 2018 Bay Manufacturing had total manufacturing costs are $440,000. Their cost of goods manufactured...
During FY 2018 Bay Manufacturing had total manufacturing costs are $440,000. Their cost of goods manufactured for the year was $425,000. The January 1, 2019 balance of Work-in-Process Inventory is $60,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)
Question 2 (7 points) Baltimore Manufacturing had a Work in Process balance of $95,000 on January...
Question 2 (7 points) Baltimore Manufacturing had a Work in Process balance of $95,000 on January 1, 2018. The year end balance of Work in Process was $53,000 and the Cost of Goods Manufactured was $510,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars only.) Your Answer: Question 2 options: Answer
Question'7 The following financial information is for Annapolis Corporation are for the fiscal years ending 2019...
Question'7 The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal): Item/Account 2019 2018 Accounts Receivable $36,000 $32,000 Inventor 42,000 38,000 Net Sales (all credit) 390,000 350,000 Cost of Goods Sold 154,000 152,000 Net Income 27.200 24,800 Use this information to determine the accounts receivable average collection period for FY 2019. (Use 365 day vear. Round your answers to one decimal place.) Question S8 Towson Manufacturing had a Work...
Baltimore Manufacturing had a Work in Process balance of $95,000 on January 1, 2018. The year...
Baltimore Manufacturing had a Work in Process balance of $95,000 on January 1, 2018. The year end balance of Work in Process was $85,000 and the Cost of Goods Manufactured was $900,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars only.)
Baltimore Manufacturing had a Work in Process balance of $62,000 on January 1, 2018. The year...
Baltimore Manufacturing had a Work in Process balance of $62,000 on January 1, 2018. The year end balance of Work in Process was $72,000 and the Cost of Goods Manufactured was $790,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars only.)
Baltimore Manufacturing had a Work in Process balance of $85,000 on January 1, 2018. The year...
Baltimore Manufacturing had a Work in Process balance of $85,000 on January 1, 2018. The year end balance of Work in Process was $100,000 and the Cost of Goods Manufactured was $620,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars only.)
Baltimore Manufacturing had a Work in Process balance of $70,000 on January 1, 2018. The year...
Baltimore Manufacturing had a Work in Process balance of $70,000 on January 1, 2018. The year end balance of Work in Process was $86,000 and the Cost of Goods Manufactured was $770,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars only.)
Baltimore Manufacturing had a Work in Process balance of $84,000 on January 1, 2018. The year...
Baltimore Manufacturing had a Work in Process balance of $84,000 on January 1, 2018. The year end balance of Work in Process was $72,000 and the Cost of Goods Manufactured was $630,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars only.)
Frederick Company's January 1, 2018 finished goods inventory was $73,000. The January 1, 2019 finished goods...
Frederick Company's January 1, 2018 finished goods inventory was $73,000. The January 1, 2019 finished goods inventory is $57,000. Cost of goods manufactured for the FY 2018 was $246,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)
Question'7 The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal): Item/Account 2019 2018 Accounts Receivable $36,000 $32,000 Inventor 42,000 38,000 Net Sales (all credit) 390,000 350,000 Cost of Goods Sold 154,000 152,000 Net Income 27.200 24,800 Use this information to determine the accounts receivable average collection period for FY 2019. (Use 365 day vear. Round your answers to one decimal place.) Question S8 Towson Manufacturing had a Work...
Most questions answered within 3 hours.
-
The financial statements of Apple Inc. show the following
numbers for fiscal year 2017 ($000,000):
Revenue...
asked 1 minute ago -
Suppose that you are given the following results. Find the
correlation coefficient of the data.
sx...
asked 11 minutes ago -
The width of a tool used for semiconductor manufacturing
is assumed to be normally distributed with...
asked 13 minutes ago -
A
runaway train car that has a mass of 1,400 kg travels at a speed of...
asked 17 minutes ago -
The expected abnormal earnings of a firm that has earnings of
$40,000 with a required equity...
asked 15 minutes ago -
A spherical surface completely surrounds a collection of
charges. Find the electric flux through the surface...
asked 30 minutes ago -
Two capacitors with capacitances of 12 and 18.1 µF,
respectively, are connected in parallel. The system...
asked 17 minutes ago -
Let's say you are a small business owner that provides
business-to-business software-as-a-service to non-profit
organizations. Your...
asked 22 minutes ago -
A circuit is constructed with five resistors and a battery as
shown. The battery voltage is...
asked 30 minutes ago -
A. What is the U.S.
economic system and what do you think are the advantages and...
asked 30 minutes ago -
A student measures the following data in a calorimetry
experiment designed to determine the specific heat...
asked 44 minutes ago -
1) 2H2O(g) → 2H2 (g) + O2 (g) DH = 483.6 kJ
If 5 moles of...
asked 50 minutes ago