Homework Answers
|
XYZ Corporation Statement of Cost of Services For the Month Ended January 31, xxxx |
||
| Beginning Work in process Inventory | $0 | |
| Direct materials : | ||
| Materials - beginning | $0 | |
| Add : Purchases for month of January | $5,000 | |
| Materials available for use | $5,000 | |
| Deduct : Ending materials ($5,000 X 60%) | $3,000 | |
| Materials used(5,000 X 40%) | $2,000 | |
| Direct labor | $6,240 | |
| Overhead | $2,800 | |
| Total service costs | $11,040 | |
| Deduct : Ending Work in Process inventory | $0 | |
| Cost of Services | $11,040 | |
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XYZ Corporation MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual...
Cost of Services Schedule Tab: - All the numbers needed for this schedule are in the...
Cost of Services Schedule Tab:
- All the numbers needed for this schedule are in the
instructions
- There's no beginning WIP or Direct Materials Inventory
- There's no ending WIP Inventory
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Cost of Services Schedule Tab:
- All the numbers needed for this schedule are in the
instructions
- There's no beginning WIP or Direct Materials Inventory
- There's no ending WIP Inventory
MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual numbers for January: Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800 Jazzy Dreams Dog Care Statement of Cost of Services For...
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Entin Corporation reported the following data for the month of
January: the adjusted cost of goods sold that appears on the income
statement for January is: A. $197,900 B. $200,000 C. $201,000 D.
$199,000
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