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Santos Inc. had the following information for the preceding year: Beginning Ending Inventory Inventory (1/1) (12/31)...
Santos Inc. had the following information for the preceding year Beginning Ending Inventory Inventory (1/1) (12/31)....
Santos Inc. had the following information for the preceding year Beginning Ending Inventory Inventory (1/1) (12/31). $ 42,700 $ 32,600 $ 39,800 $ ?? $ 34,000 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of Boods manufactured Cost of goods sold $208,500 $155, 200 $166,700 $522,700 $551,300 What was the ending Work in Process inventory balance on 123
Santos Inc. had the following information for the preceding year: Beginning Inventory (1/1) Ending Inventory (12/31)...
Santos Inc. had the following information for the preceding year: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $ 45,600 $ 32,500 Work in Process Inventory $ 37,900 $ ?? Finished Goods Inventory $ 33,200 $ ?? Additional information for the year is as follows: Direct materials used $ 209,300 Direct labor $ 158,500 Manufacturing overhead applied $ 162,200 Cost of goods manufactured $ 525,200 Unadjusted cost of goods sold $ 544,000 What was the ending Finished Goods Inventory...
Santos Inc had the following information for the preceding year: Beginning Ending Inventory Inventory 43,200 30,800...
Santos Inc had the following information for the preceding year: Beginning Ending Inventory Inventory 43,200 30,800 31,500 ?? (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $40,300 $ ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $203,900 $157,700 167,500 $533,200 $551,800 What was the ending Work in Process Inventory balance on 12/31? O $54,800 O $36,200 O $58,900 O $14,500
Ch2 Quiz Question 6 (of 6) 6. Santos Inc had the following information for the preceding...
Ch2 Quiz Question 6 (of 6) 6. Santos Inc had the following information for the preceding year Beginning Ending Inventory Inventory ((12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $43,200 $30,800 $ 40,300 ?? $31,500 ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $203,900 157,700 $167,500 $533,200 $ 551,800 What was the ending Work in Process Inventory balance on 12/31?...
:!! Apps Ed Yesmovies Hawkes learning Blackboard Learn Welcome-my-utrgv ㄥㄧˋ Santos Inc had the following information...
:!! Apps Ed Yesmovies Hawkes learning Blackboard Learn Welcome-my-utrgv ㄥㄧˋ Santos Inc had the following information for the preceding year Beginning Inventory Inventory (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory S 42.700 $ 32,600 s 39000 $ m S 34,000 $ ?? Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $208.500 S 155.200 $ 166.700 $ 527700 $ 551,800 What...
McGown Corp has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $...
McGown Corp has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $ 24,900 $ 33,400 Work in Process Inventory $ 22,700 $ 23,300 Finished Goods Inventory $ 33,200 $ 23,800 Additional information for the year is as follows: Raw materials purchases $ 101,200 Direct labor $ 83,300 Manufacturing overhead applied $ 89,100 Indirect materials $ 0 Compute the unadjusted cost of goods sold. $273,900 $264,500 $274,500 $147,200
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending)...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 22,300 $ 25,000 Work-in-process inventory 32,000 29,300 Finished goods inventory 5,900 6,600 Direct materials used during the year amount to $46,100 and the cost of goods sold for the year was $53,300. Required: Prepare a cost of goods sold statement.
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning...
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance—Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $28,000 55,000 84,000 60,000 356,000 470,000 20,000 24,000 269,000 What was the amount of the cost of goods manufactured for the year? O A. $1,366,000 OB. $1,136,000 OC. $1,190,000 OD $1,163,000
Ginobili Corp has the following information: Beginning Inventory (1/1) $ 23,011 $ 11,826 $ 18,584 Ending...
Ginobili Corp has the following information: Beginning Inventory (1/1) $ 23,011 $ 11,826 $ 18,584 Ending Inventory (12/31) $ 21,123 $ 9, 110 $ 17,962 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials $ 59,838 $ 44,743 $ 48,025 $ 2,337 Compute the direct materials used in production.
The following information is available for Marx, Inc. for the fiscal year ending December 31, 2017:...
The following information is available for Marx, Inc. for the
fiscal year ending December 31, 2017:
Beginning balance in Work in Process Inventory $160,000
Ending balance in Work in Process Inventory 330,000
Beginning balance in Finished Goods Inventory 460,000
Ending balance in Finished Goods Inventory 390,000
Direct material cost 2,700,000
Direct labor cost 3,480,000
Manufacturing overhead 1,700,000
Selling and administrative expenses 1,330,000
Sales 8,920,000
Prepare a schedule of cost of goods manufactured
Marx, Inc. Schedule of Cost of Goods Manufactured...
Santos Inc. had the following information for the preceding year Beginning Ending Inventory Inventory (1/1) (12/31). $ 42,700 $ 32,600 $ 39,800 $ ?? $ 34,000 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of Boods manufactured Cost of goods sold $208,500 $155, 200 $166,700 $522,700 $551,300 What was the ending Work in Process inventory balance on 123
Santos Inc had the following information for the preceding year: Beginning Ending Inventory Inventory 43,200 30,800 31,500 ?? (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $40,300 $ ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $203,900 $157,700 167,500 $533,200 $551,800 What was the ending Work in Process Inventory balance on 12/31? O $54,800 O $36,200 O $58,900 O $14,500
Ch2 Quiz Question 6 (of 6) 6. Santos Inc had the following information for the preceding year Beginning Ending Inventory Inventory ((12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $43,200 $30,800 $ 40,300 ?? $31,500 ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $203,900 157,700 $167,500 $533,200 $ 551,800 What was the ending Work in Process Inventory balance on 12/31?...
:!! Apps Ed Yesmovies Hawkes learning Blackboard Learn Welcome-my-utrgv ㄥㄧˋ Santos Inc had the following information for the preceding year Beginning Inventory Inventory (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory S 42.700 $ 32,600 s 39000 $ m S 34,000 $ ?? Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $208.500 S 155.200 $ 166.700 $ 527700 $ 551,800 What...
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance—Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $28,000 55,000 84,000 60,000 356,000 470,000 20,000 24,000 269,000 What was the amount of the cost of goods manufactured for the year? O A. $1,366,000 OB. $1,136,000 OC. $1,190,000 OD $1,163,000
Ginobili Corp has the following information: Beginning Inventory (1/1) $ 23,011 $ 11,826 $ 18,584 Ending Inventory (12/31) $ 21,123 $ 9, 110 $ 17,962 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials $ 59,838 $ 44,743 $ 48,025 $ 2,337 Compute the direct materials used in production.
The following information is available for Marx, Inc. for the
fiscal year ending December 31, 2017:
Beginning balance in Work in Process Inventory $160,000
Ending balance in Work in Process Inventory 330,000
Beginning balance in Finished Goods Inventory 460,000
Ending balance in Finished Goods Inventory 390,000
Direct material cost 2,700,000
Direct labor cost 3,480,000
Manufacturing overhead 1,700,000
Selling and administrative expenses 1,330,000
Sales 8,920,000
Prepare a schedule of cost of goods manufactured
Marx, Inc. Schedule of Cost of Goods Manufactured...
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