Homework Answers
After adjusting for manufacturing overhead Cost of goods sold will be as below:
Cost of goods sold before adjustment - Overallocated manufacturing overhead
= 135200-8000
= 127200
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Manufacturing overhead has an overallocated balance of $8,000, raw materials inventory balance is $62,400; work in...
Manufacturing overhead has an underallocated balance of $12,100; raw materials inventory balance is $145,100; work in...
Manufacturing overhead has an underallocated balance of $12,100; raw materials inventory balance is $145,100; work in process inventory is $123,000; finished goods inventory is $140,300; and cost of goods sold is $170,800. After adjusting for the underallocated manufacturing overhead, what is cost of goods sold? O A. $158,700 OB. $182,900 O c. $12,100 OD. $170,800 Olialen
Manufacturing overhead has an underallocated balance of $ 12 comma 400$12,400 ; raw materials inventory balance...
Manufacturing overhead has an underallocated balance of $ 12 comma 400$12,400 ; raw materials inventory balance is $ 145 comma 600$145,600 ; work in process inventory is $ 122 comma 300$122,300 ; finished goods inventory is $ 140 comma 800$140,800 ; and cost of goods sold is $ 170 comma 300$170,300. After adjusting for the underallocated manufacturing overhead, what is cost of goods sold?
Adelphia Manufacturing issued $80,000 of direct materials and $8,000 of indirect materials for production. Which of...
Adelphia Manufacturing issued $80,000 of direct materials and $8,000 of indirect materials for production. Which of the following journal entries would correctly record the transaction? 88,000 88.000 88,000 80,000 8,000 O A. Manufacturing Overhead Raw Materials Inventory O B . Raw Materials Inventory Finished Goods Inventory Work-in-Process Inventory C. Work-in - Process Inventory Raw Materials Inventory OD. Work-in - Process Inventory Manufacturing Overhead Raw Materials Inventory B.8.000 88.000 80,000 8.000 The cost of goods sold for Frye Manufacturing in the...
Stanley Company uses a job cost system. Manufacturing overhead has been overallocated by 56,300 for the...
Stanley Company uses a job cost system. Manufacturing overhead has been overallocated by 56,300 for the year. Actual overhead incurred was $105,700. Other balances are: Raw materials inventory at end of year $15,000 Work in process inventory at end of year $31,100 Finished goods inventory at end of year $42.400 Unadjusted cost of goods sold for the year $290,400 What will adjusted cost of goods sold be after closing manufacturing overhead? O A. $284,100 O B. $227.100 OC. $254,300 OD....
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
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,910 $59,400 $87,400 $ 4,110 Inventories Raw materials Work in process Finished goods Beginning $ 10, 200 $ 55,700 $ 34,700 Ending $ 19,500 $ 69,000 $ 42,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule...
What is the manufacturing overhead Cash Raw materials inventory Work in process inventory Finished goods inventory...
What is the manufacturing overhead
Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $ 43, 400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400 of direct raw materials and $600 of indirect raw materials on account. The indirect materials are capitalized in the Production Supplies account. Materials requisitions showed that $10,800 of direct raw materials...
Which of the following is the correct flow of manufacturing costs? Oa. raw materials, finished goods,...
Which of the following is the correct flow of manufacturing costs? Oa. raw materials, finished goods, cost of goods sold, work in process Ob. work in process, finished goods, raw materials, cost of goods sold Oc. raw materials, work in process, finished goods, cost of goods sold Od cost of goods sold, raw materials, work in process, finished goods here to search 9 E E R. Y F G Н K K DV B. N M M
Bledsoe Corporation has provided the following data for the month of November Raw materials Work in...
Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Goods Beginning Ending $ 25,300 $21,300 $ 17,300 $10,300 $ 48,300 $56,300 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $72,300 $92,300 $ 42,330 $ 4,030 $ 41,300 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold....
Raw Materials Work In Process ????? ????? Balance 17,000 Purch 80.000 Balance 19,000 Balance 9,000 Materials...
Raw Materials Work In Process ????? ????? Balance 17,000 Purch 80.000 Balance 19,000 Balance 9,000 Materials ????? Labor 50,000 MOH 30,000 Balance 14,000 Finished Goods Factory Labor ????? 50,000 50,000 Balance 11,000 Trans in ????? Balance 8,000 Manufacturing Overhead Cost of Goods Sold 25,000 (Actual) ????? ????? Instructions: Calculate the items with red (?), and answer the following: Provide them in the space provided, identifying them numbered 1 - 4. 1. Raw materials used (all direct) 2. Jobs complete and...
Manufacturing overhead has an underallocated balance of $12,100; raw materials inventory balance is $145,100; work in process inventory is $123,000; finished goods inventory is $140,300; and cost of goods sold is $170,800. After adjusting for the underallocated manufacturing overhead, what is cost of goods sold? O A. $158,700 OB. $182,900 O c. $12,100 OD. $170,800 Olialen
Adelphia Manufacturing issued $80,000 of direct materials and $8,000 of indirect materials for production. Which of the following journal entries would correctly record the transaction? 88,000 88.000 88,000 80,000 8,000 O A. Manufacturing Overhead Raw Materials Inventory O B . Raw Materials Inventory Finished Goods Inventory Work-in-Process Inventory C. Work-in - Process Inventory Raw Materials Inventory OD. Work-in - Process Inventory Manufacturing Overhead Raw Materials Inventory B.8.000 88.000 80,000 8.000 The cost of goods sold for Frye Manufacturing in the...
Stanley Company uses a job cost system. Manufacturing overhead has been overallocated by 56,300 for the year. Actual overhead incurred was $105,700. Other balances are: Raw materials inventory at end of year $15,000 Work in process inventory at end of year $31,100 Finished goods inventory at end of year $42.400 Unadjusted cost of goods sold for the year $290,400 What will adjusted cost of goods sold be after closing manufacturing overhead? O A. $284,100 O B. $227.100 OC. $254,300 OD....
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
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,910 $59,400 $87,400 $ 4,110 Inventories Raw materials Work in process Finished goods Beginning $ 10, 200 $ 55,700 $ 34,700 Ending $ 19,500 $ 69,000 $ 42,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule...
What is the manufacturing overhead
Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $ 43, 400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400 of direct raw materials and $600 of indirect raw materials on account. The indirect materials are capitalized in the Production Supplies account. Materials requisitions showed that $10,800 of direct raw materials...
Which of the following is the correct flow of manufacturing costs? Oa. raw materials, finished goods, cost of goods sold, work in process Ob. work in process, finished goods, raw materials, cost of goods sold Oc. raw materials, work in process, finished goods, cost of goods sold Od cost of goods sold, raw materials, work in process, finished goods here to search 9 E E R. Y F G Н K K DV B. N M M
Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Goods Beginning Ending $ 25,300 $21,300 $ 17,300 $10,300 $ 48,300 $56,300 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $72,300 $92,300 $ 42,330 $ 4,030 $ 41,300 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold....
Raw Materials Work In Process ????? ????? Balance 17,000 Purch 80.000 Balance 19,000 Balance 9,000 Materials ????? Labor 50,000 MOH 30,000 Balance 14,000 Finished Goods Factory Labor ????? 50,000 50,000 Balance 11,000 Trans in ????? Balance 8,000 Manufacturing Overhead Cost of Goods Sold 25,000 (Actual) ????? ????? Instructions: Calculate the items with red (?), and answer the following: Provide them in the space provided, identifying them numbered 1 - 4. 1. Raw materials used (all direct) 2. Jobs complete and...
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