Question

Show the ending inventories that would appear on the balance sheet of Pricilla's PosiesPricilla's Posies at December​ 31,2019.

I just need the answer for the image on the bottom where my cursor is located.

Thank you!Begin by calculating the cost of goods sold for the year. Pricillas Posies Calculation of Cost of Goods Sold For the Year EnPart Two: Pricillas Posies was so successful that Pricilla decided to manufacture her own brand ot floral supplies: Floral WFloral World Manufacturing Calculation of Cost of Goods Sold For the Year Ended December 31, 2017 Beginning finished goods inPart Three: Requirement 1. Show the ending inventories that would appear on the balance sheet of Pricillas Posies at Decembe

(Click the icon to view additional information.) uppiles: Floral world manufacturing. ick the icon to view the records.) ne r

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Inventory (December 31, 2016)
Finished Goods Inventory $            9,000
Raw Material Inventory $         10,000
Work in Process Inventory $                   -  
Total Inventory $         19,000
Add a comment
Know the answer?
Add Answer to:
Show the ending inventories that would appear on the balance sheet of Pricilla's PosiesPricilla's Posies at...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • please do all three parts of this one question Part One: In 2015, Pamela Webber opened...

    please do all three parts of this one question Part One: In 2015, Pamela Webber opened Pamela's Posies, a small retail shop selling floral arrangements. Click the icon to view the records.) Read the requirement (Part One) Part One: Begin by calculating the cost of goods sold for the year. Pamela's Posies Calculation of Cost of Goods Sold For the Year Ended December 31, 2016 Plus: Less: Choose from any list or enter any number in the input fields and...

  • Managerial Accounting Jamie Poepoe 1/15/19 1:37 AM Homework: Chapter 2 Homework Save Score: 0.94 of 1...

    Managerial Accounting Jamie Poepoe 1/15/19 1:37 AM Homework: Chapter 2 Homework Save Score: 0.94 of 1 pt 6 of 8 (8 complete)> Hw Score: 97.6%, 7.81 of 8 pts P2-43A (similar to) Data Table Super Displays designs and manufactures displays used in mobile devices. Serious flooding throughout the region he beginning in affected Super Displays' facilities. Inventory was completely ruined, and the company's computer system, including all EEE (Click the icon to accounting records, was destroyed. Raw materials, $103,000 .Work...

  • Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory,...

    Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory: Dec 31, 2017 Work in process inventory, Dec. 31, 2017 Pinished goods inventory. Dec. 31, 2017 $1,143,000 37,000 53,200 60,400 169,800...

  • Required information Use the following information for the Exercises below. The following selected account balances are...

    Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales $1,309,000 Raw materials inventory, Dec. 31, 2016 42,000 Work in process inventory, Dec. 31, 55,600 2016 Finished goods inventory, Dec. 31, 2016 65, 100 Raw materials purchases 170,400 Direct labor 241,000 Factory computer supplies used 23,000 Indirect labor 43,000 Repairs-Factory equipment 5,250 Rent cost of factory building 54,000 Advertising expense 84,000 General and administrative expenses 139,000 Raw materials inventory,...

  • i included the drop down boxes. Pleas send back with the same tables to make it...

    i included the drop down boxes. Pleas send back with the same tables to make it easy to follow. Required information Problem 18-3A Schedule of cost of goods manufactured and income statement; inventory analysis LO P2, A1 (The following information applies to the questions displayed below. The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. $ Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory...

  • Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory,...

    Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,143,000 40,000 50,800 65,100...

  • Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31,...

    Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies...

  • 1) 2) Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials i...

    1) 2) Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,250,000 37,000...

  • 15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data:...

    15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...

  • Saved ework Required information The following selected account balances are provided for Delray Mfg. Sales Raw...

    Saved ework Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,367,000 44,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT