Homework Answers
SOLUTION:
| Direct materials cost | ||
| Beginning inventory, January 1 | 28,000 | |
| Purchases of direct materials | 71,000 | |
| Cost of direct materials available for use | 99,000 | |
| Ending inventory, December 31 | 30,000 | |
| Direct materials used | 69,000 | |
| Direct labor | 86,000 | |
| Manufacturing overhead | 38,000 | |
| Total manufacturing costs | 193,000 | |
| Add beginning work-in-process inventory, January 1 | 35,000 | |
| Total manufacturing costs to account for | 228,000 | |
| Deduct ending work-in-process inventory, December 31 | 31,000 | |
| Cost of goods manufactured (to Income Statement) | 197,000 |
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ure du Beginning $28,000 35,000 21,000 Ending Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other...
w year-end in Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building...
w year-end in Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Beginning Ending prepare a sch ct cost if Davis 58,000 30,000 67,000 48,000 101,000 information to 46,000 Sche $ 20,000 159,000 22,000 43,000 11,000 30,000 or enter any nu Print Done We were unable to transcribe this imageRequirements 1. Use the information to prepare a schedule of cost of...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead, actual and allocated Direct Materials Used ods N Print Done many list or enter any number in the input fields and then click Check Answer Clear All Check Answer Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare a schedule of...
i Data Table Beginning $ 55,000 102.000 40.000 Ending $ 28,000 64.000 46.000 Js Balances: Direct...
i Data Table Beginning $ 55,000 102.000 40.000 Ending $ 28,000 64.000 46.000 Js Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses 15,000 160.000 21 000 45.000 11.000 32 000 130,000 53,000 Us Over Print Done any li! Check Answer Clear All December Harding Corp., a lamp manufacturer, provided the following information for the year ended...
End of 2017 Beginning of 2017 28,000 24,000 16,000 Benesch Company Direct materials inventory Work-in-process inventory...
End of 2017 Beginning of 2017 28,000 24,000 16,000 Benesch Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer service costs General and administrative costs 29,000 21,000 20,000 79,000 22,000 14,000 8,000 15,000 5,000 98,000 23,000 Consider the following account balances (in thousands) for the Benesch Company B Click the icon to view the account balances.) Requirements 1....
. st End of Year $ 9.500 Raw materials inventory Work in process inventory Finished goods...
. st End of Year $ 9.500 Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labour Indirect labour Beginning End of Year of Year 5 32,000 $ 35,000 Insurance on plant 53.000 44000 Depreciation-plant building 26.000 28.000 and equipment 79,000 Repairs and maintenance-plant 90.000 Marketing expenses 18000 General and administrative expenses 13,000 7,500 80 000 33 000 Print Done he input fields and then click Check Answer ACCT 211 Management Accounting Homework: Chapter...
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...
and after this, cost of goods sold for current year please!. Compute the cost of Goods...
and after this, cost of goods sold for current year
please!.
Compute the cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials (Click the icon to view the data.) Materials available for use Less: Ending raw materials inventory 93,000 32,000 61,000 Direct materials used Calculate the cost of goods manufactured 38000 Crystal Bay Company Calculation of Cost...
1 Data Table Neal Company Beginning of 2017 23,000 24,000 10,000 Direct materials inventory Work-in-process inventory...
1 Data Table Neal Company Beginning of 2017 23,000 24,000 10,000 Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance End of 2017 25,000 21,000 22,000 76,000 20,000 17,000 6,000 16,000 3,000 90,000 27,000 Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs Print Done Consider the following account balances in thousands) for the Neal Company (Click the icon to view the account...
Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory...
Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $126,000 283,500 303,300 260,100 Ending Inventory $ 153,250 63,500 180,500 56,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $ 145,000 27,750 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 27,600 110,400 197,800 Factory Overhead (Actual costs) Indirect materials used Indirect labor...
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...
w year-end in Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Beginning Ending prepare a sch ct cost if Davis 58,000 30,000 67,000 48,000 101,000 information to 46,000 Sche $ 20,000 159,000 22,000 43,000 11,000 30,000 or enter any nu Print Done We were unable to transcribe this imageRequirements 1. Use the information to prepare a schedule of cost of...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead, actual and allocated Direct Materials Used ods N Print Done many list or enter any number in the input fields and then click Check Answer Clear All Check Answer Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare a schedule of...
i Data Table Beginning $ 55,000 102.000 40.000 Ending $ 28,000 64.000 46.000 Js Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses 15,000 160.000 21 000 45.000 11.000 32 000 130,000 53,000 Us Over Print Done any li! Check Answer Clear All December Harding Corp., a lamp manufacturer, provided the following information for the year ended...
End of 2017 Beginning of 2017 28,000 24,000 16,000 Benesch Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer service costs General and administrative costs 29,000 21,000 20,000 79,000 22,000 14,000 8,000 15,000 5,000 98,000 23,000 Consider the following account balances (in thousands) for the Benesch Company B Click the icon to view the account balances.) Requirements 1....
. st End of Year $ 9.500 Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labour Indirect labour Beginning End of Year of Year 5 32,000 $ 35,000 Insurance on plant 53.000 44000 Depreciation-plant building 26.000 28.000 and equipment 79,000 Repairs and maintenance-plant 90.000 Marketing expenses 18000 General and administrative expenses 13,000 7,500 80 000 33 000 Print Done he input fields and then click Check Answer ACCT 211 Management Accounting Homework: Chapter...
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...
and after this, cost of goods sold for current year
please!.
Compute the cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials (Click the icon to view the data.) Materials available for use Less: Ending raw materials inventory 93,000 32,000 61,000 Direct materials used Calculate the cost of goods manufactured 38000 Crystal Bay Company Calculation of Cost...
1 Data Table Neal Company Beginning of 2017 23,000 24,000 10,000 Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance End of 2017 25,000 21,000 22,000 76,000 20,000 17,000 6,000 16,000 3,000 90,000 27,000 Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs Print Done Consider the following account balances in thousands) for the Neal Company (Click the icon to view the account...
Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $126,000 283,500 303,300 260,100 Ending Inventory $ 153,250 63,500 180,500 56,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $ 145,000 27,750 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 27,600 110,400 197,800 Factory Overhead (Actual costs) Indirect materials used Indirect 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...
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