Homework Answers
Answer:- $200,000
Explanation:-
|
Total manufacturing cost incurred = cost of good manufactured + work in process inventory increased by Total manufacturing cost incurred = $180,000 + $20,000 = $200,000 |
Add Answer to:
Question 25 1 pts Work in process inventory increased by $20,000 during the current year. Cost...
16) Work in process inventory on December 31 of the current year is $44,000. Work in...
16) Work in process inventory on December 31 of the current year is $44,000. Work in process inventory increased by 60% during the year. Cost of goods manufactured amounts to $275,000. What are the total manufacturing costs incurred in the current year? Please show your work. a) $291,500 b) $302,000 c) $275,750 d) $233,750
Cost of direct materials used in production Direct labor Work in process inventory, October 1 Work...
Cost of direct materials used in production Direct labor Work in process inventory, October 1 Work in process inventory, October 31 Total factory overhead $1,323,600 1,680,000 455,300 378,100 3,544,200 Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production Direct labor Factory overhead Total...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost o...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost of goods manufactured, 5866.000, beginning finished goods Inventory, $252,000; ending work in process inventory. $220,000, and ending finished goods inventory, $264,000. Wowo Company's cost of goods sold for the year is a $854,000. b. $878,000 c. $826,000 d. $602,000. 35) Sir Company reported the following year-end information: Beginning work in process inventory $2.000.000 Beginning raw materials inventory 1,300,000 Ending work in process inventory 900,000 Ending...
please explain 14. Stuart Company's accounting records reflect the following inventory information: Raw materials inventory increased...
please explain
14. Stuart Company's accounting records reflect the following inventory information: Raw materials inventory increased by $20,000 during the year Work-in-process inventory increased by $125,000 during the year Finished goods inventory decreased by $10,000 during the year During the year, Stuart purchased $950,000 of raw materials, incurred direct labor costs of $125,000 and incurred manufacturing overhead totaling $160,000. Stuart's cost of goods manufactured for the year is $1,400,000. What amount would Stuart have to report as cost of goods...
Question 25 A Company developed the following data for the current year: Beginning work in process...
Question 25 A Company developed the following data for the current year: Beginning work in process inventory $250,000 Cost of goods manufactured 300,000 Product Costs incurred are 550,000 The Company's ending work in process inventory is $1,175,000 $425,000 $75,000 $500,000 Question 26 000 000 os DII F
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...
List: Beginning raw materials inventory Beginning work in process inventory Cost of goods manufactured Direct labor...
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
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
Question 12 3 pts Pine Company developed the following data for the current year: Beginning work...
Question 12 3 pts Pine Company developed the following data for the current year: Beginning work in process inventory $250,000 Cost of goods manufactured 375,000 Total manufacturing costs added to wip inventory 550,000 Pine Company's ending work in process inventory is $675,000 $425.000 $75,000 $1,175,000
ods Manufactured nber 31, 2019 ns) Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory,...
ods Manufactured nber 31, 2019 ns) Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Direct Materials Purchased, including Freight In Direct Labor Manufacturing Overhead Print Done elds and then continue to the next question. 12. QRS Manufacturing Company has the following data for 2019 (amounts in milions): Click the icon to view the information) Prepare the schedule of cost of goods manufactured...
Cost of direct materials used in production Direct labor Work in process inventory, October 1 Work in process inventory, October 31 Total factory overhead $1,323,600 1,680,000 455,300 378,100 3,544,200 Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production Direct labor Factory overhead Total...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost of goods manufactured, 5866.000, beginning finished goods Inventory, $252,000; ending work in process inventory. $220,000, and ending finished goods inventory, $264,000. Wowo Company's cost of goods sold for the year is a $854,000. b. $878,000 c. $826,000 d. $602,000. 35) Sir Company reported the following year-end information: Beginning work in process inventory $2.000.000 Beginning raw materials inventory 1,300,000 Ending work in process inventory 900,000 Ending...
please explain
14. Stuart Company's accounting records reflect the following inventory information: Raw materials inventory increased by $20,000 during the year Work-in-process inventory increased by $125,000 during the year Finished goods inventory decreased by $10,000 during the year During the year, Stuart purchased $950,000 of raw materials, incurred direct labor costs of $125,000 and incurred manufacturing overhead totaling $160,000. Stuart's cost of goods manufactured for the year is $1,400,000. What amount would Stuart have to report as cost of goods...
Question 25 A Company developed the following data for the current year: Beginning work in process inventory $250,000 Cost of goods manufactured 300,000 Product Costs incurred are 550,000 The Company's ending work in process inventory is $1,175,000 $425,000 $75,000 $500,000 Question 26 000 000 os DII F
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...
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
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
Question 12 3 pts Pine Company developed the following data for the current year: Beginning work in process inventory $250,000 Cost of goods manufactured 375,000 Total manufacturing costs added to wip inventory 550,000 Pine Company's ending work in process inventory is $675,000 $425.000 $75,000 $1,175,000
ods Manufactured nber 31, 2019 ns) Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Direct Materials Purchased, including Freight In Direct Labor Manufacturing Overhead Print Done elds and then continue to the next question. 12. QRS Manufacturing Company has the following data for 2019 (amounts in milions): Click the icon to view the information) Prepare the schedule of cost of goods manufactured...
Most questions answered within 3 hours.
-
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 4 minutes ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 8 minutes ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 36 minutes ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 1 hour ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 2 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 1 hour ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 1 hour ago -
1.
What is the minimum volume to use in the Spec 20 cuvette in order
to...
asked 2 hours ago -
A builder wants to install wall-to-wall carpeting in a living
room of length 8.87 m and...
asked 2 hours ago -
Organizational change can produce anxiety in those affected by
the change. In what ways can change...
asked 2 hours ago -
Ozone in the atmosphere may react with nitric oxide.
From the following data, calculate the DG...
asked 2 hours ago -
Steven Long, a bond analyst, is analyzing a convertible bond.
The characteristics of the bond are...
asked 2 hours ago