White Manufacturing transferred $5,600,000 of raw materials into production during the most recent year. Direct labor...
White Manufacturing transferred $5,600,000 of raw materials into production during the most recent year. Direct labor and factory overhead for the period totaled $2,900,000. Beginning work in process was $1,100,000 and ending work in process was $1,400,000. Finished goods inventory decreased by $86,000. If gross profit was $2,560,000, how much was sales for the period?
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White Manufacturing transferred $5,600,000 of raw materials into
production during the most recent year. Direct labor...
Christine Corp. applies manufacturing overhead to production at 90% of direct labor cost. During the year...
Christine Corp. applies manufacturing overhead to production at 90% of direct labor cost. During the year ended 20xx, manufacturing overhead of $225,180 was applied to production; actual manufacturing overhead was $188,600. Beginning Work in Process Inventory was $23,100, and beginning Finished Goods Inventory was $44,700. Work in Process Inventory decreased by 25% during the year and Finished Goods Inventory decreased by 20% during the year. Adjusted Cost of Goods Sold was $623,200 for the year ended 20xx. Complete the following...
the product costs for the direct materials, direct labor, and overhead. Then the period costs for...
the
product costs for the direct materials, direct labor, and overhead.
Then the period costs for selling and admin. Then the totals
highlighted in yellow and the total manufacturing costs. also the
cost per table
Home Insert Draw Page Layout Formulas Data Review View Lucopy Calibri (tody 11A A | A6 : x x 1 ACCT 301 Week 6 W Costs for 500 tables Ind i scred during the Raw materials a re inte Costurando Sellings Dired later incurred during...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most
recent month:
Raw materials, beginning balance
$
22,000
Work in process, beginning balance
$
33,400
Finished Goods, beginning balance
$
51,400
Transactions:
(1)
Raw materials purchases
$
78,800
(2)
Raw materials used in production (all direct materials)
$
78,200
(3)
Direct labor
$
53,400
(4)
Manufacturing overhead costs incurred
$
94,000
(5)
Manufacturing overhead applied
$
73,400
(6)
Cost of units completed and transferred from Work in
Process to Finished...
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory...
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $4,300 $480 $520 $620 $730 $210 $220 $420 $490 $310 $200 What was the cost of direct materials used? O A. $690 OB. $480 OC. $470 OD. $430 Click to select your answer
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory...
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $5,000 $490 $450 $660 $720 $250 S260 $410 $460 S280 $200 What was operating income? O A. $2,900 O B. $5,000 O c. $2,660 O D. $4,280
A. The cost of the raw materials used in production during the year: B. The cost...
A. The cost of the raw materials used in production during the year: B. The cost of goods manufactured for the year: C. The cost of goods sold for the year: D. The net income for the year: Finished goods inventory, beginning $240 Finished goods inventory, ending 320 Raw materials inventory, beginning 80 Raw materials inventory, ending 140 Work in process inventory, beginning 140 Work in process inventory, ending 100 Administrative expenses 300 Direct labor 400 Manufacturing overhead applied 460...
Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to...
Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,790 $59,300 $88,700 $ 4,020 Inventories Raw materials Work in process Finished goods Beginning $ 10,400 $ 54,600 $ 34,800 Ending $ 18,700 $ 69,100 $ 42,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied...
Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work...
Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,800 $58,400 $88,400 $ 4, 120 Inventories Raw materials Work in process Finished goods Beginning $ 10,800 $ 54,500 $ 34,400 Ending $ 19,600 $ 69,400 $ 43,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance...
Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 16,500 Work in process, beginning balance $ 31,200 Finished Goods, beginning balance $ 49,200 Transactions: (1) Raw materials purchases $ 79,900 (2) Raw materials used in production (all direct materials) $ 77,100 (3) Direct labor $ 51,200 (4) Manufacturing overhead costs incurred $ 88,500 (5) Manufacturing overhead applied $ 71,200 (6) Cost of units completed and transferred from Work in Process to Finished...
Christine Corp. applies manufacturing overhead to production at 90% of direct labor cost. During the year ended 20xx, manufacturing overhead of $225,180 was applied to production; actual manufacturing overhead was $188,600. Beginning Work in Process Inventory was $23,100, and beginning Finished Goods Inventory was $44,700. Work in Process Inventory decreased by 25% during the year and Finished Goods Inventory decreased by 20% during the year. Adjusted Cost of Goods Sold was $623,200 for the year ended 20xx. Complete the following...
the
product costs for the direct materials, direct labor, and overhead.
Then the period costs for selling and admin. Then the totals
highlighted in yellow and the total manufacturing costs. also the
cost per table
Home Insert Draw Page Layout Formulas Data Review View Lucopy Calibri (tody 11A A | A6 : x x 1 ACCT 301 Week 6 W Costs for 500 tables Ind i scred during the Raw materials a re inte Costurando Sellings Dired later incurred during...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
Eppich Corporation has provided the following data for the most
recent month:
Raw materials, beginning balance
$
22,000
Work in process, beginning balance
$
33,400
Finished Goods, beginning balance
$
51,400
Transactions:
(1)
Raw materials purchases
$
78,800
(2)
Raw materials used in production (all direct materials)
$
78,200
(3)
Direct labor
$
53,400
(4)
Manufacturing overhead costs incurred
$
94,000
(5)
Manufacturing overhead applied
$
73,400
(6)
Cost of units completed and transferred from Work in
Process to Finished...
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $4,300 $480 $520 $620 $730 $210 $220 $420 $490 $310 $200 What was the cost of direct materials used? O A. $690 OB. $480 OC. $470 OD. $430 Click to select your answer
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $5,000 $490 $450 $660 $720 $250 S260 $410 $460 S280 $200 What was operating income? O A. $2,900 O B. $5,000 O c. $2,660 O D. $4,280
Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,790 $59,300 $88,700 $ 4,020 Inventories Raw materials Work in process Finished goods Beginning $ 10,400 $ 54,600 $ 34,800 Ending $ 18,700 $ 69,100 $ 42,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied...
Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,800 $58,400 $88,400 $ 4, 120 Inventories Raw materials Work in process Finished goods Beginning $ 10,800 $ 54,500 $ 34,400 Ending $ 19,600 $ 69,400 $ 43,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied...
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> You're supposed to add the 86,000 at the end
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