Internet Case 16.3 – Calculating Cost of Goods Manufactured (MUST POST FIRST) Initial Post – As an employee, write an internal memo to your manager addressing the following: Using the Internet, locate the most recent financial report of any company of your choosing. The company you select to research must be in the business of manufacturing a product. If the required information is not available, then you will need to select a different company. Write an initial post by responding to the following:
1. What categories of inventory does the company show in its inventories footnote under “Notes to Consolidated Financial Statements”?
2. Using the income statement and inventory information from the footnote, calculate the cost of finished goods manufactured for the most recent year.
3. What elements of manufacturing overhead can you identify using the annual report?
ANSWER:
Here we have to assume a company which is related to manufacture the product that is "General Motor Company".
case-1:
Here we are chosen the General Motors company which is manufacture the product related to motors .
General motors is a Global Automotive Company which these headquarters located at Detroit, Michigan, United states.
Case-2:
Here we have to calculate the finished goods,
December 31, 2017 | December 31, 2016 | |
Total productive material, supplies and work in process | 4203 | 5008 |
Finished productive including service parts | 6460 | 6032 |
Total inventors | 4203+6460=10663 | 5008+6032=11040 |
case-3:
The most huge component of offers is material cost which makes up around 66% of the aggregate amount.the remaining bit incorporates work costs, deterioration, and amortization, building, and item guarantee and review battles.
THANK YOU FOR THE QUESTION....KINDLY RATE...IT HELPS ME A LOT
Internet Case 16.3 – Calculating Cost of Goods Manufactured (MUST POST FIRST) Initial Post – As...
Internet Case 16.3 – Calculating Cost of Goods Manufactured (MUST POST FIRST) Initial Post – As an employee, write an internal memo to your manager addressing the following: Using the Internet, locate the most recent financial report of Pfizer. Write an initial post by responding to the following: What categories of inventory does the company show in its inventories footnote under “Notes to Consolidated Financial Statements”? Using the income statement and inventory information from the footnote, calculate the cost of...
Internet Case 12.7 - Analyzing Stockholders' Equity and EPS (MUST POST FIRST) Initial Post-As an employee, write an internal memo to your manager addressing the following: Using the Internet, locate the most recent annual report of a company of your choosing and write an initial post by responding to the following: Do not research the company listed in the text. For the most recent day indicated, what were the highest and lowest prices at which the company's common stock sold?...
Using the Internet, locate the most recent annual report of a company of your choosing and write an initial post by responding to the following: Do not research the company listed in the text. For the most recent day indicated, what were the highest and lowest prices at which the company’s common stock sold? Find the company’s balance sheet and determine the following: the number of outstanding shares of common stock and the average price at which those shares were...
PA2-8 Recording Manufacturing Costs, Preparing a Cost of Goods
Manufactured Report, and Calculating Income from Operations [LO
2-3, 2-4, 2-5, 2-6]
Dobson Manufacturing Company uses a job order cost system with
manufacturing overhead applied to products on the basis of direct
labor dollars. At the beginning of the most recent period, the
company estimated its total direct labor cost to be $65,000 and its
total manufacturing overhead cost to be $91,000.
Several incomplete general ledger accounts show the transactions
that...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured i Data Table 27000 Beginning raw materials inventory Add:...
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need the schedule of cost of goods manufactured and schedule
of cost of goods sold please.
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