Homework Answers
Add Answer to:
During April, the Meade Enterprises had the following operating results Sales revenue Gross margin Ending work-in-process...
57. During the year, a manufacturing company had the following operating Beginning work-in-process inventory Beginning finished...
57. During the year, a manufacturing company had the following operating Beginning work-in-process inventory Beginning finished goods inventory Direct materials used in production Direct labor Manufacturing overhead incurred Ending work-in-process inventory Ending finished goods inventory S 45,000 $190,000 $308,000 $475,000 $250,000 $ 67,000 $ 89,000 results: Xist o h oear? A. $1,011,000 B. $1,134,000 C. $1,033,000 D. $1,112,000 58. During April, the CJG Manufacturing Company had the following operating Sales revenue Gross margin Ending work-in-process inventory Beginning work-in-process inventory Ending...
During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory $ 48,500...
During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory $ 48,500 Beginning finished goods inventory $ 197,000 Direct materials used in production $ 322,000 Direct labor $ 510,000 Manufacturing overhead incurred $ 264,000 Ending work-in-process inventory $ 74,000 Ending finished goods inventory $ 92,500 What is the cost of goods manufactured for the year?
During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory $ 45,000...
During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory $ 45,000 Beginning finished goods inventory $ 190,000 Direct materials used in production $ 308,000 Direct labor $ 475,000 Manufacturing overhead incurred $ 250,000 Ending work-in-process inventory $ 67,000 Ending finished goods inventory $ 89,000 What is the cost of goods manufactured for the year? A. $1,112,000 B. $1,134,000 C. $1,033,000 D. $1,011,000
During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory Beginning finished...
During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory Beginning finished goods inventory Direct materials used in production Direct labor Manufacturing overhead incurred Ending work-in-process inventory Ending finished goods inventory $ 50,000 $ 200,000 $ 328,000 $ 525,000 $ 270,000 $ 77,000 $ 94,000 What is the cost of goods manufactured for the year? $1,096,000 O $1,229,000 $1,123,000 $1,202,000
Problem 2-1 The following information is available for Sipacore, Inc. for the fiscal year ending December...
Problem 2-1
The following information is available for Sipacore, Inc. for the
fiscal year ending December 31, 2017:
Beginning balance in Work in Process Inventory
$230,000
Ending balance in Work in Process Inventory
280,000
Beginning balance in Finished Goods Inventory
450,000
Ending balance in Finished Goods Inventory
380,000
Direct material cost
2,840,000
Direct labor cost
2,860,000
Manufacturing overhead
1,700,000
Selling and administrative expenses
1,310,000
Sales
8,560,000
Prepare a schedule of cost of goods manufactured.
Sipacore, Inc.
Schedule of Cost of...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of materials 51,000 Available for use 77,000 (26,000) Ending raw materials inventory Direct materials used Direct labor 49,000 costs 173,000 Manufacturing overhead Total manufacturing incurred during the month Total manufacturing to account for Less: Ending work in process inventory Cost of goods manufactured costs (21,000) Elly Manufacturing Company Income Statement Month Ended June 30 Sales revenue Cost of goods sold: Beginning finished goods inventory Cost...
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...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead, actual and allocated Direct Materials Used ods N Print Done many list or enter any number in the input fields and then click Check Answer Clear All Check Answer Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare a schedule of...
4.1 Compute gross profit for April. Answer is complete but not entirely correct. Gross Profit $...
4.1 Compute gross profit for April. Answer is complete but not entirely correct. Gross Profit $ 329,000 4.2 Show how to present the inventories on the April 30 balance sheet. & Answer is not complete. Inventories Raw materials Work in process Finished goods Total inventories Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materiais purr $560,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $29,000; factory...
The debts to Work in Processembly Deant for April, together with data concerning production are as...
The debts to Work in Processembly Deant for April, together with data concerning production are as follows: $ 7,500 April 1. work in process Materials cost, 3.000 units Conversion costs, 3.000 units, 8096 completed Materials added during April 10,000 units Conversion costs during April Goods finished during April, 11.500 units April 30 work in process, 1.500 units, 60% completed 6.00 29,000 35,000 All direct materials are placed in process at the beginning of the process and the average cost method...
57. During the year, a manufacturing company had the following operating Beginning work-in-process inventory Beginning finished goods inventory Direct materials used in production Direct labor Manufacturing overhead incurred Ending work-in-process inventory Ending finished goods inventory S 45,000 $190,000 $308,000 $475,000 $250,000 $ 67,000 $ 89,000 results: Xist o h oear? A. $1,011,000 B. $1,134,000 C. $1,033,000 D. $1,112,000 58. During April, the CJG Manufacturing Company had the following operating Sales revenue Gross margin Ending work-in-process inventory Beginning work-in-process inventory Ending...
During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory Beginning finished goods inventory Direct materials used in production Direct labor Manufacturing overhead incurred Ending work-in-process inventory Ending finished goods inventory $ 50,000 $ 200,000 $ 328,000 $ 525,000 $ 270,000 $ 77,000 $ 94,000 What is the cost of goods manufactured for the year? $1,096,000 O $1,229,000 $1,123,000 $1,202,000
Problem 2-1
The following information is available for Sipacore, Inc. for the
fiscal year ending December 31, 2017:
Beginning balance in Work in Process Inventory
$230,000
Ending balance in Work in Process Inventory
280,000
Beginning balance in Finished Goods Inventory
450,000
Ending balance in Finished Goods Inventory
380,000
Direct material cost
2,840,000
Direct labor cost
2,860,000
Manufacturing overhead
1,700,000
Selling and administrative expenses
1,310,000
Sales
8,560,000
Prepare a schedule of cost of goods manufactured.
Sipacore, Inc.
Schedule of Cost of...
Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of materials 51,000 Available for use 77,000 (26,000) Ending raw materials inventory Direct materials used Direct labor 49,000 costs 173,000 Manufacturing overhead Total manufacturing incurred during the month Total manufacturing to account for Less: Ending work in process inventory Cost of goods manufactured costs (21,000) Elly Manufacturing Company Income Statement Month Ended June 30 Sales revenue Cost of goods sold: Beginning finished goods inventory Cost...
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...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead, actual and allocated Direct Materials Used ods N Print Done many list or enter any number in the input fields and then click Check Answer Clear All Check Answer Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare a schedule of...
4.1 Compute gross profit for April. Answer is complete but not entirely correct. Gross Profit $ 329,000 4.2 Show how to present the inventories on the April 30 balance sheet. & Answer is not complete. Inventories Raw materials Work in process Finished goods Total inventories Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materiais purr $560,000, and factory payroll cost in April is $382.000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $29,000; factory...
The debts to Work in Processembly Deant for April, together with data concerning production are as follows: $ 7,500 April 1. work in process Materials cost, 3.000 units Conversion costs, 3.000 units, 8096 completed Materials added during April 10,000 units Conversion costs during April Goods finished during April, 11.500 units April 30 work in process, 1.500 units, 60% completed 6.00 29,000 35,000 All direct materials are placed in process at the beginning of the process and the average cost method...
Most questions answered within 3 hours.
-
1. When a nearsighted person looks at an object that is in the
distance with their...
asked 1 hour ago -
QUESTION 8
Both of these statements will store the same value in the
variable $number
$number...
asked 1 hour ago -
The price of 1 lb of potatoes is $1.75. If all the potatoes sold
today at...
asked 2 hours ago -
Garcia Company issues 20.00%, 15-year bonds with a par value of
$470,000 and semiannual interest payments....
asked 2 hours ago -
In C++ Programming, Try using loops only.
This lab demonstrates the use of the While Loop...
asked 3 hours ago -
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 4 hours ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 5 hours ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 5 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 7 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 7 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 7 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 8 hours ago