Homework Answers
| Beginning finished goods inventory | 376000 |
| Cost of goods manufactured | 927100 |
| Cost of goods available for sale | 1303100 |
| Ending finished goods inventory | -334000 |
| Cost of goods sold | 969100 |
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QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using...
1. value: 1.50 points QS 14-7 Cost of goods sold LO P1 Compute cost of goods...
1. value: 1.50 points QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 340,000 86,500 72,900 932,800 304,000 Cost of Goods Sold is Computed as: Cost of goods sold 2 . value: 1.50 points QS 14-10 Cost of...
QS 14-10 Cost of goods sold LO P1 Compute cost of goods sold for the period...
QS 14-10 Cost of goods sold LO P1 Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $350,000 85,500 75,000 949,900 334,000 Cost of Goods Sold is Computed as: Cost of goods sold
Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec....
Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 345,000 83,500 72,300 918,700 283,600 Cost of Goods Sold is Computed as: Cost of goods sold
QS 14-10 Cost of goods manufactured LO P2 Prepare the 2015 schedule of cost of goods...
QS 14-10 Cost of goods manufactured LO P2 Prepare the 2015 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, Dec. 31, 2014 Work in process, Dec. 31, 2015 $ 202,500 67,500 29,200 166,000 149,500 Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2015 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0
-17 Saved Compute cost of goods sold for the period using the following information. Finished goods...
-17 Saved Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $378,000 85,000 78,300 967,000 334,000 Cost of Goods Sold is Computed as: Cost of goods sold
Exercise 14-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing $315,000 $630,000 Beginning inventory...
Exercise 14-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing $315,000 $630,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 460,000 840,000 215,000 209,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2015. Merchandising Business: UNIMART Partial Income Statement For Year Ended December 31, 2015 Cost of goods sold: Goods available for sale Cost of goods sold Manufacturing Business: PRECISION...
Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2...
Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the information below for 2017. Raw Materials Inventory Begin. Inv. 11,100 Purchases 48,500 Avail. for use 59,600 DM used 52,500 End. Inv. 7,100 Work in Process Inventory Begin. Inv. 14,600 DM used 52,500 Direct labor 30,300 Overhead 66,500 Avail. for mfg. 163,900 Cost of goods mfg 149,600 End. Inv. 14,300 Finished Goods Inventory Begin. Inv. 18,700 Cost of goods mfg 149,600...
Compute cost of goods sold using the following information: $ Finished goods inventory, beginning Cost of...
Compute cost of goods sold using the following information: $ Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, ending 800 4,200 1,150 Cost of Goods Sold is Computed as: Cost of goods sold $ 0 Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $ 370,000 85,000 74,100 961,300 298,000 Cost of...
Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2...
Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the following information in T-account form for 2019. ventory 20.900 N 47,000 Raw Materials Inventory Begin. Inv. Purchases 48,000 Avail. for use 58,900 DM used End. Iny. 11,900 Work in Process Inventory Begin. Inv. 16,600 DM used 47,000 Direct labor 29, 300 Overhead 55,500 Manuf. costs 148,400 Cost of goods manuf. End. Inv. 13,800 Finished Goods Inventory Begin. Inv. 22,000 Cost...
4 Compute cost of goods sold for the period using the following information. 12.5 points Finished...
4 Compute cost of goods sold for the period using the following information. 12.5 points Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $364,000 87,000 76,500 938,500 289,000 eBook References Cost of Goods Sold is Computed as: Cost of goods sold $ Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending Cost of...
1. value: 1.50 points QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 340,000 86,500 72,900 932,800 304,000 Cost of Goods Sold is Computed as: Cost of goods sold 2 . value: 1.50 points QS 14-10 Cost of...
QS 14-10 Cost of goods sold LO P1 Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $350,000 85,500 75,000 949,900 334,000 Cost of Goods Sold is Computed as: Cost of goods sold
Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 345,000 83,500 72,300 918,700 283,600 Cost of Goods Sold is Computed as: Cost of goods sold
QS 14-10 Cost of goods manufactured LO P2 Prepare the 2015 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, Dec. 31, 2014 Work in process, Dec. 31, 2015 $ 202,500 67,500 29,200 166,000 149,500 Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2015 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0
-17 Saved Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $378,000 85,000 78,300 967,000 334,000 Cost of Goods Sold is Computed as: Cost of goods sold
Exercise 14-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing $315,000 $630,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 460,000 840,000 215,000 209,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2015. Merchandising Business: UNIMART Partial Income Statement For Year Ended December 31, 2015 Cost of goods sold: Goods available for sale Cost of goods sold Manufacturing Business: PRECISION...
Compute cost of goods sold using the following information: $ Finished goods inventory, beginning Cost of goods manufactured Finished goods inventory, ending 800 4,200 1,150 Cost of Goods Sold is Computed as: Cost of goods sold $ 0 Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $ 370,000 85,000 74,100 961,300 298,000 Cost of...
Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the following information in T-account form for 2019. ventory 20.900 N 47,000 Raw Materials Inventory Begin. Inv. Purchases 48,000 Avail. for use 58,900 DM used End. Iny. 11,900 Work in Process Inventory Begin. Inv. 16,600 DM used 47,000 Direct labor 29, 300 Overhead 55,500 Manuf. costs 148,400 Cost of goods manuf. End. Inv. 13,800 Finished Goods Inventory Begin. Inv. 22,000 Cost...
4 Compute cost of goods sold for the period using the following information. 12.5 points Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $364,000 87,000 76,500 938,500 289,000 eBook References Cost of Goods Sold is Computed as: Cost of goods sold $ Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending Cost of...
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