solution :-
Particulars | Amount($) | Amount($) | Amount($) |
Beginning Work in Process Inventory | 32500 | ||
Manufacturing Costs :- | |||
Direct Materials :- | |||
Beginning Direct Materials Inventory | 21900 | ||
Add : Purchases during the year (71100-21900) | 49200 | ||
Materials Available (45700+25400) | 71100 | ||
Less : Ending Direct Materials Inventory | (25400) | ||
Direct Materials Used | 45700 | ||
Conversion Costs (51500-45700) | 5800 | ||
Total Manufacturing Costs (84000-32500) | 51500 | ||
Total Costs of Work in Process | 84000 | ||
Less : Ending work in process Inventory | (29500) | ||
Cost of Goods Sold Manufactured (59900-5400) | 54500 | ||
Add : Beginning Finished Goods Inventory | 5400 | ||
Finished Goods Available for Sale (52900+7000) | 59900 | ||
Less : Ending Finished goods inventory | (7000) | ||
Cost of Goods Sold | 52900 |
The following balances are from the accounts of Tappan Parts January 1December 31 (Beginning) Direct materials...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 22,400 $ 25,400 Work-in-process inventory 32,800 28,800 Finished goods inventory 5,400 6,700 Direct materials used during the year amount to $45,900 and the cost of goods sold for the year was $53,400. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) Direct materials inventory Work-in-process inventory Finished goods inventory December 31 (Ending) $ 24,600 29,400 7,300 32,600 5,000 Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. 32,600 TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials: Beginning...
cises i Saved The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,999 32,789 5,500 December 31 (Ending) $ 25,400 28,600 7,100 Direct materials used during the year amount to $46,000 and the cost of goods sold for the year was $52,700. Required: Prepare a cost of goods sold statement TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process Inventory Manufacturing...
The following balances are from the accounts of Tappan
Parts:
January 1 (Beginning)
December 31 (Ending)
Direct materials inventory
$
22,500
$
25,200
Work-in-process inventory
32,100
29,000
Finished goods inventory
5,300
6,700
Direct materials used during the year amount to $46,200 and the
cost of goods sold for the year was $52,900.
Required:
Prepare a cost of goods sold statement
TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
The following balances are from the accounts of Tappan Parts January 1 Direct materials inventory Work-in-process inventory Finished goods inventory $ 22,400 32,200 5,209 December 31 (Endint) $ 24,889 29,200 6,600 Direct materials used during the year amount to $45,700 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement. Manufacturing costs Direct materials Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Required:...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 21,900 $ 25,300 Work-in-process inventory 32,300 28,900 Finished goods inventory 5,300 7,100 Direct materials used during the year amount to $46,300 and the cost of goods sold for the year was $53,100. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory $32,300 Manufacturing costs: Direct materials: Beginning inventory $21,900 Purchases Materials available Less:...
The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) (Ending) $22,000 $24,80€ Direct materials inventory Work-in-process inventory Finished goods inventory 32,400 28,800 5,600 6,800 Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials Materials available Direct materials used...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 21,500 $ 24,800 Work-in-process inventory 32,200 28,700 Finished goods inventory 5,100 7,200 Direct materials used during the year amount to $46,300 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21.800 32,800 5,800 December 31 KEnding) $ 24,600 28,900 6,700 Direct materials used during the year amount to $45,500 and the cost of goods sold for the year was $53,100. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials:...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,500 32,900 5,800 December 31 (Ending) $ 25,200 28,800 7,000 Direct materials used during the year amount to $46,200 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. 32,900 TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct...