Homework Answers
1) $360, 000
2) $680, 000
3) $665, 000
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Locator assignment to progresse Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company...
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000...
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $140,000. Overhead totaled $380,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $150,000 $130,000 Work in process $90,000 $70,000 Finished goods $80,000 $80,000 Required: 1. What was the cost of direct materials used in September? 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured...
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and...
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $140,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September? Next Previus 31 AM hp
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct...
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 80,000 $130,000 90,000 Work in process Finished goods 70,000 65,000 Required: What was the cost of goods sold for September?
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing...
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $375,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 Work in process 80,000 $130,000 90,000 65,000 Finished goods 70,000 Required: What was the cost of goods sold for September? $665,000 x Check My Work Previous n 4:09 PM
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing...
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell pro- duces small motors for lawn mowers. Suppose that the motor manufacturing cell is the cost object. Assume that all or a portion of the following costs must be assigned to the cell. a. Salary of cell supervisor b. Power to heat...
antrent/a ssignat Man do invoker-StakeAssignment SessionLocator Sinprogress-false Calculator Print item Cost of Goods Sold In September,...
antrent/a ssignat Man do invoker-StakeAssignment SessionLocator Sinprogress-false Calculator Print item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $100,000. Overhead totaled $400,000 for the month. Information on Inventories was as follows: Materials Work in process September 1 $120,000 0 .000 September 30 $130,000 90.000 0.000 65.000 Finished goods 2 0.000 Required What was the cost of goods sold for September? 685,000 X
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used...
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75.000 90.000 Finished goods 40,000 25,000 Refer to Figure 2-14. What is the cost of goods manufactured? Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 90,000 75,000 40,000 25,000 Finished goods Refer to Figure 2-14. What is the cost...
Module 1: Assignment Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data f...
Module 1: Assignment Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $141,590 $162,750 112,300 Work in process 97,700 Finished goods 84,630 96,280 Direct labor 2050 Direct labor $292,950 Materials purchased during January 312,480 Factory overhead incurred during January: Indirect labor 31,250 Machinery depreciation 18,880 Heat, light, and power 6,510 Supplies 5,210 Property taxes 4,560 Miscellaneous costs 8,460...
1)A manufacturer's cost of goods manufactured is the sum of direct materials, direct labor, and factory...
1)A manufacturer's cost of goods manufactured is the sum of direct materials, direct labor, and factory overhead costs incurred in producing products. True or False 2) Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of direct materials and used $3,000 of direct labor. The job was not finished by the end of September, but needed an additional $2,000 of direct materials and additional direct labor of $4,500 to finish...
Use the following information for a manufacturer to compute the cost of goods manufactured and cost...
Use the following information for a manufacturer to compute the
cost of goods manufactured and cost of goods sold
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: 囲(Click the icon to view the information.) Schedule of Cost of Goods Manufactured and Cost of Goods Sold Data Table Direct Materials Used: Ending Inventories: Raw Materials Work-in-Process Finished Goods Other information Purchases of materials Direct labor Beginning $ 29,000 35,000 20,000 $...
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $140,000. Overhead totaled $380,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $150,000 $130,000 Work in process $90,000 $70,000 Finished goods $80,000 $80,000 Required: 1. What was the cost of direct materials used in September? 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured...
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $140,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September? Next Previus 31 AM hp
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 80,000 $130,000 90,000 Work in process Finished goods 70,000 65,000 Required: What was the cost of goods sold for September?
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $375,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 Work in process 80,000 $130,000 90,000 65,000 Finished goods 70,000 Required: What was the cost of goods sold for September? $665,000 x Check My Work Previous n 4:09 PM
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell pro- duces small motors for lawn mowers. Suppose that the motor manufacturing cell is the cost object. Assume that all or a portion of the following costs must be assigned to the cell. a. Salary of cell supervisor b. Power to heat...
antrent/a ssignat Man do invoker-StakeAssignment SessionLocator Sinprogress-false Calculator Print item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $100,000. Overhead totaled $400,000 for the month. Information on Inventories was as follows: Materials Work in process September 1 $120,000 0 .000 September 30 $130,000 90.000 0.000 65.000 Finished goods 2 0.000 Required What was the cost of goods sold for September? 685,000 X
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75.000 90.000 Finished goods 40,000 25,000 Refer to Figure 2-14. What is the cost of goods manufactured? Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 90,000 75,000 40,000 25,000 Finished goods Refer to Figure 2-14. What is the cost...
Module 1: Assignment Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $141,590 $162,750 112,300 Work in process 97,700 Finished goods 84,630 96,280 Direct labor 2050 Direct labor $292,950 Materials purchased during January 312,480 Factory overhead incurred during January: Indirect labor 31,250 Machinery depreciation 18,880 Heat, light, and power 6,510 Supplies 5,210 Property taxes 4,560 Miscellaneous costs 8,460...
Use the following information for a manufacturer to compute the
cost of goods manufactured and cost of goods sold
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: 囲(Click the icon to view the information.) Schedule of Cost of Goods Manufactured and Cost of Goods Sold Data Table Direct Materials Used: Ending Inventories: Raw Materials Work-in-Process Finished Goods Other information Purchases of materials Direct labor Beginning $ 29,000 35,000 20,000 $...
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