Homework Answers
1) Cost of goods available for sale = 695000+85200 = 780200
2) Ending inventory = 780200-724000 = 56200
3) Goods available for sale = 22000+654700 = 676700
4) Purchase = 676700-35400 = 641300
5) Cost of goods sold = 40000+447500-31200 = 456300
6) Beginning inventory = 900000+41500-856200 = 85300
Add Answer to:
Use the following to answer questions 1-6 Case 4 Case 1 $85,200 Case 2 $35,400 22,000...
Page < 1 > of 5 - ZOOM + Use the following to answer questions 1-6...
Page < 1 > of 5 - ZOOM + Use the following to answer questions 1-6 Case 4 Case 1 $85,200 Case 2 $35,400 22,000 Beginning inventory Ending inventory Purchases Cost of goods sold Case 3 $40,000 31,200 447,500 695,000 724,000 41,500 856,200 900,000 654,700 ini i For case 1, determine goods available for sale For case 1, determine ending inventory For case 2, determine goods available for sale For case 2, determine Purchases For case 3, determine cost of...
please show work! thank you Chapter 6 Homework Submit your answers in CANVAS before it is...
please show work! thank you
Chapter 6 Homework Submit your answers in CANVAS before it is due Use the following to answer questions 1-6 Case 4 Case 1 $85,200 Case 2 $35,400 22,000 Beginning inventory Ending inventory Purchases Cost of goods sold Case 3 $40,000 31,200 447,500 695,000 724,000 41,500 856,200 900,000 654,700 2. $___ For case 1, determine goods available for sale _For case 1, determine ending inventory For case 2, determine goods available for sale For case 2,...
Determine the missing amounts in each of the following independent cases. Case A Case B Case...
Determine the missing amounts in each of the following independent cases. Case A Case B Case C Beginning inventory, raw material $20,000 $15,000 Ending inventory, raw material 90,000 30,000 Purchases of raw material 100,000 85,000 Direct material 70,000 95,000 Direct labor 100,000 125,000 Manufacturing overhead 250,000 160,000 Total manufacturing costs 520,000 345,000 340,000 Beginning inventory, work in process 35,000 20,000 Ending inventory, work in process 35,000 5,000 Cost of goods manufactured 525,000 350,000 Beginning inventory, finished goods 50,000 40,000 Cost...
For each of the following, determine the missing amounts. ...
For each of the following, determine the missing amounts. Beginning Goods Available Cost of Ending Inventory Purchases for Sale Goods Sold Inventory 1 $20,000 ________ $55,000 $25,000 _______ 2 ______ $220,000 $250,000 _______ $40,000
Case B $ 20,000 Case A $ 10,000 90,000 100,000 70,000 Case C $ 15,000 30,000...
Case B $ 20,000 Case A $ 10,000 90,000 100,000 70,000 Case C $ 15,000 30,000 85,000 95,000 100,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for sale Ending inventory, finished goods Cost of goods sold 125,000 160,000 340,000 250,000 520,000 35,000 345,000 20,000...
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6]...
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 $6,400 55,000 700 1,600 $ 22,000$91,000 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost...
Required information [The following information applies to the questions displayed below) The following are the transactions...
Required information [The following information applies to the questions displayed below) The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory 25e (100) Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit. under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and...
Required information Use the following information for the Exercises below. [The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 185 units @ $11.00 - $2,035 145 units @ $20.00 100 units @ $10.00 - 1,000 125 units @ $20.00...
Required information The following information applies to the questions displayed below.] Laker Company reported the following...
Required information The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Units Acquired at Cost Units sold at Retail 140 units$6.840 Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales an. 30 Purchase 100 units 15 60 units$5.00300 80 units 15 180 units $4.50-81e 380 units Totals $1,950 180 units Required The Company uses a periodic inventory system. For specific identification,...
Required information The following information applies to the questions displayed below) Laker Company reported the following...
Required information The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. Date Activities Deginning Jenaventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 240 units $16.50 $ 3.960 190 wita $25.50 170 units $15.50 - 2,635 190 units $25.50 380 units $15.00 - 5.700 790 units $12,295 380 wita Required: The Company uses...
Page < 1 > of 5 - ZOOM + Use the following to answer questions 1-6 Case 4 Case 1 $85,200 Case 2 $35,400 22,000 Beginning inventory Ending inventory Purchases Cost of goods sold Case 3 $40,000 31,200 447,500 695,000 724,000 41,500 856,200 900,000 654,700 ini i For case 1, determine goods available for sale For case 1, determine ending inventory For case 2, determine goods available for sale For case 2, determine Purchases For case 3, determine cost of...
please show work! thank you
Chapter 6 Homework Submit your answers in CANVAS before it is due Use the following to answer questions 1-6 Case 4 Case 1 $85,200 Case 2 $35,400 22,000 Beginning inventory Ending inventory Purchases Cost of goods sold Case 3 $40,000 31,200 447,500 695,000 724,000 41,500 856,200 900,000 654,700 2. $___ For case 1, determine goods available for sale _For case 1, determine ending inventory For case 2, determine goods available for sale For case 2,...
Case B $ 20,000 Case A $ 10,000 90,000 100,000 70,000 Case C $ 15,000 30,000 85,000 95,000 100,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for sale Ending inventory, finished goods Cost of goods sold 125,000 160,000 340,000 250,000 520,000 35,000 345,000 20,000...
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 $6,400 55,000 700 1,600 $ 22,000$91,000 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost...
Required information [The following information applies to the questions displayed below) The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory 25e (100) Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit. under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 185 units @ $11.00 - $2,035 145 units @ $20.00 100 units @ $10.00 - 1,000 125 units @ $20.00...
Required information The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Units Acquired at Cost Units sold at Retail 140 units$6.840 Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales an. 30 Purchase 100 units 15 60 units$5.00300 80 units 15 180 units $4.50-81e 380 units Totals $1,950 180 units Required The Company uses a periodic inventory system. For specific identification,...
Required information The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. Date Activities Deginning Jenaventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals Units Acquired at Cost Units sold at Retail 240 units $16.50 $ 3.960 190 wita $25.50 170 units $15.50 - 2,635 190 units $25.50 380 units $15.00 - 5.700 790 units $12,295 380 wita Required: The Company uses...
Most questions answered within 3 hours.
-
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 19 minutes ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 1 hour ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 3 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 4 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 4 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 6 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 6 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 6 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 7 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 8 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 7 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 8 hours ago