DQuestion 10 4 pts Beg. of Year End of Year Raw Materials Inventory Work in process...

Question

Question

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Ans: $162,549

Explanation:

Cost of goods Sold = Beginning Raw material Inventory + Beginning WIP inventory + Beginning finished good inventory + Purchase of DM + DL + Indirect labor + Insurance on plant + Depreciation + Repairs and maintenance - EOY Raw material Inventory - EOY WIP inventory - EOY finished good inventory

= 26,000 + 35,000 + 14,000 + 73,000 + 40,513 + 40,000 + 10,000 + 12,374 + 4,175 - 31,172 - 32,997 - 28,344

= $162,549

Add a comment

Answer 2

Similar Homework Help Questions

DQuestion 10 4 pts Beg. of Year End of Year Raw Materials Inventory Work in process...

DQuestion 10 4 pts Beg. of Year End of Year Raw Materials Inventory Work in process inventory Finished goods inventory Purchases of DM Direct Labor Indirect Labor Insurance on plant Depreciation plant building and equipment Repairs and maintenance - plant Marketing expenses General & administrative expenses $26000 $31172 $35000 $32997 $14000 $28344 $73000 $40513 $40000 $10000 $12374 $4175 $76000 $27664 What is Cost of Goods Sold? (Be careful as values change with each attempt) (Input your answers without dollar signs...
What do I add what do I subtract to get Question 10 0/4 pts Beg. of...

What do I add what do I subtract to get Question 10 0/4 pts Beg. of Year End of Year Raw Materials Inventory Work in process inventory Finished goods inventory Purchases of DM Direct Labor Indirect Labor Insurance on plant Depreciation plant building and equipment Repairs and maintenance plant Marketing expenses General & administrative expenses $26000 $31172 35000 $32997 14000 $28344 $73000 $40513 $40000 $10000 $12374 $4175 $76000 $27664 What is Cost of Goods Sold? (Be careful as values change...
I posted this before I was given the wrong answer the wright answer is 162549.0 why?...

I posted this before I was given the wrong answer the wright answer is 162549.0 why? DQuestion 10 4 pts Beg. of Year End of Year Raw Materials Inventory Work in process inventory Finished goods inventory Purchases of DM Direct Labor Indirect Labor Insurance on plant Depreciation plant building and equipment Repairs and maintenance - plant Marketing expenses General & administrative expenses $26000 $31172 $35000 $32997 $14000 $28344 $73000 $40513 $40000 $10000 $12374 $4175 $76000 $27664 What is Cost of...

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...
. 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...
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...

$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw...

$ 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 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw...

Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on...

Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in procesS inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net $12,30i0 19,000 11,800 33,500 $ 17,050 19, 500 13,800 22,600 21,800 17,150 41,400 15,000 22, 300 17,000 6,800 11,850 10,000 8,000...

ezto.h uuldLIUICUM .LPA Sales Raw materials inventory, Dec 31, 2014 Work in process inventory, Dec 31,...

ezto.h uuldLIUICUM .LPA Sales Raw materials inventory, Dec 31, 2014 Work in process inventory, Dec 31, 2014 Finished goods inventory, Dec 31, 2014 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec 31, 2015 Work in process inventory, Dec 31, 2015 Finished goods inventory, Dec 31, 2015 $1,250,000 37,000 53.900 62.750 175,600 225,000 17,840 47,000 5,250 57.000 94,000 129,300 42,700 41,500...

DQuestion 10 4 pts Beg. of Year End of Year Raw Materials Inventory Work in process...

Homework Answers