Homework Answers
| Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
| Days' sales of inventory= (Ending Inventory/ Raw Materials used)*365 | ||
| Ending Raw Materials Inventory | 20,200.00 | |
| Raw Materials used | 121,600.00 | |
| Days' sales of inventory= 20,200/121,600*365 | ||
| Days' sales of inventory= | 60.6 | |
| So Answer is option C. | ||
Add Answer to:
Using the information below, compute the days' sales in raw materials Inventory Raw materials used Beginning...
pters 14-16 @ Using the Information below, compute the days' sales in raw materials inventory Raw...
pters 14-16 @ Using the Information below, compute the days' sales in raw materials inventory Raw materials used Beginning raw materials inventory Ending raw materials inventory $139,600 18,900 21,100
QS 14-15 Raw materials inventory management LO A1 3M Co. reports beginning raw materials inventory of...
QS 14-15 Raw materials inventory management LO A1 3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million. Assume 3M purchased $3,646 million of raw materials and used $3,784 million of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales In Inventory turnover Raw Materials Inventory...
Using the information below, calculate gross profit for the period. Beginning Raw Materials Inventory Ending Direct...
Using the information below, calculate gross profit for the period. Beginning Raw Materials Inventory Ending Direct Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold for the periode Sales revenues for the period Operating expenses for the period $25,000 $30,000 $55,000 $64,000 $80,000 $67,000 $540,000 $1,254,000 $232,000 O $714,000 O $727,000 O $482,000 O $187.000 O $1,022,000
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
QS 14-17 Raw materials inventory management LO A1 Nestlé reports beginning raw materials inventory of 3,815...
QS 14-17 Raw materials inventory management LO A1 Nestlé reports beginning raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swiss francs). Assume Nestlé purchased 13,860 and used 14176 (both amounts in millions of Swiss francs) in raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales...
$40 Sales ...... $990 Raw materials inventory, beginning ....... - Raw materials inventory, ending .... $70...
$40 Sales ...... $990 Raw materials inventory, beginning ....... - Raw materials inventory, ending .... $70 Purchases of raw materials...... $120 Direct labor ............ $200 - Manufacturing overhead ...................... $230 Administrative expenses ...................... $150 Selling expenses................. $140 Work in process inventory, beginning........ $70 Work in process inventory, ending ..... ... $50 Finished goods inventory, beginning .......... Finished goods inventory, ending .............. $160 $120 51. The cost of the raw materials used in production during the year (in thousands of dollars)...
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory...
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $4,300 $480 $520 $620 $730 $210 $220 $420 $490 $310 $200 What was the cost of direct materials used? O A. $690 OB. $480 OC. $470 OD. $430 Click to select your answer
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials...
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory $ 40,000 Ending Raw Materials Inventory 31,600 Beginning Work in Process Inventory 70,000 Ending Work in Process Inventory 79,000 Beginning Finished Goods Inventory 102,500 Ending Finished Goods Inventory 82,000 Cost of Goods Sold for the period 555,000 Sales revenues for the period 1,269,000 Operating expenses for the period 247,000 Multiple Choice $534,500. $580,200. $575,500. $564,000. $543,500.
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials...
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory $ 45,000 Ending Raw Materials Inventory 36,600 Beginning Work in Process Inventory 75,000 Ending Work in Process Inventory 84,000 Beginning Finished Goods Inventory 110,000 Ending Finished Goods Inventory 87,000 Cost of Goods Sold for the period 560,000 Sales revenues for the period 1,274,000 Operating expenses for the period 252,000 Multiple Choice $583,000. $546,000. $569,000. $537,000. $585,200.
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
pters 14-16 @ Using the Information below, compute the days' sales in raw materials inventory Raw materials used Beginning raw materials inventory Ending raw materials inventory $139,600 18,900 21,100
QS 14-15 Raw materials inventory management LO A1 3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million. Assume 3M purchased $3,646 million of raw materials and used $3,784 million of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales In Inventory turnover Raw Materials Inventory...
Using the information below, calculate gross profit for the period. Beginning Raw Materials Inventory Ending Direct Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold for the periode Sales revenues for the period Operating expenses for the period $25,000 $30,000 $55,000 $64,000 $80,000 $67,000 $540,000 $1,254,000 $232,000 O $714,000 O $727,000 O $482,000 O $187.000 O $1,022,000
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
QS 14-17 Raw materials inventory management LO A1 Nestlé reports beginning raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swiss francs). Assume Nestlé purchased 13,860 and used 14176 (both amounts in millions of Swiss francs) in raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales...
$40 Sales ...... $990 Raw materials inventory, beginning ....... - Raw materials inventory, ending .... $70 Purchases of raw materials...... $120 Direct labor ............ $200 - Manufacturing overhead ...................... $230 Administrative expenses ...................... $150 Selling expenses................. $140 Work in process inventory, beginning........ $70 Work in process inventory, ending ..... ... $50 Finished goods inventory, beginning .......... Finished goods inventory, ending .............. $160 $120 51. The cost of the raw materials used in production during the year (in thousands of dollars)...
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $4,300 $480 $520 $620 $730 $210 $220 $420 $490 $310 $200 What was the cost of direct materials used? O A. $690 OB. $480 OC. $470 OD. $430 Click to select your answer
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 1 hour ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 3 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 4 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 5 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 7 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 7 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 8 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 9 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago