Question

Compute the Cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for the most recent year using the amou
Score: 0 of 1 pt 3 of 6 (2 complete) HW Score: 33.33%, 20 * Data Table Year Beginning End of End of of Year Year Raw material
Compute the cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for year using the amounts described ne
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer

--requirement asked

Calculation of direct material used
Beginning raw material inventory $23,000
Add: Purchase of direct materials $70,000
Materials available for use $93,000
Less: Ending raw material inventory $32,000
Direct Material used $61,000
Add a comment
Know the answer?
Add Answer to:
Compute the Cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for...

    Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured i Data Table 27000 Beginning raw materials inventory Add:...

  • Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for...

    Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials E: (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured Add: Direct materials used Direct materials used i...

  • Now calculate the cost of goods sold. Crystal Bay Company Schedule of Cost of Goods Sold...

    Now calculate the cost of goods sold. Crystal Bay Company Schedule of Cost of Goods Sold Cost of goods sold Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. E (Click the icon to view the data.) Beginning End End of Year of Year of Year Raw materials inventory ........$ 28,000 $ 32,000 Insurance on...

  • Compute the Cost of Goods Manufactured and Cost of Goods Sold for Quality Acquatic Company for...

    Compute the Cost of Goods Manufactured and Cost of Goods Sold for Quality Acquatic Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials EEB (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Quality Acquatic Company Calculation of Direct Materials Used For Current Year Data Table End of Year $ 9,000 $12,500 $4,300 $ 79,000 $ 29,500...

  • 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...

  • This fest: 20 pts po Compute the cost of Goods Manufactured and cost of Goods Sold...

    This fest: 20 pts po Compute the cost of Goods Manufactured and cost of Goods Sold for South Marine Company for the most recent year using the amounts described next.Assa that Raw Materials inventory contains only direct materials Click the icon to view the data) Start the calculation for cost of goods manufactured by calculating the direct materials used South Marine Company Calculation of Direct Materials Used For Current Year Plus Less Direct materials used Calculate the cost of goods...

  • Compute the cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for...

    Compute the cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. E: (Click the icon to view the data.) 71,000 Plus: Purchases of direct materials Materials available for use Less: Ending raw materials inventory Data Table - X Direct materials used Calculate the cost of goods manufactured. End of Beginning of Year End of Year Year Raw...

  • Question Help Compute the cost of Goods Manufactured and Cost of Goods Sold for Quality Acquatic...

    Question Help Compute the cost of Goods Manufactured and Cost of Goods Sold for Quality Acquatic 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) work a/Test Start the calculation for cost of goods manufactured by calculating the direct materials used Quality Acquatic Company Calculation of Direct Materials Used For Current Year Plus Less Det materials used Incorrecto 01) Data Table Beginning...

  • E2-26A (book/static) Question Help Compute the Cost of Goods Manufactured and Cost of Goods Sold for...

    E2-26A (book/static) Question Help Compute the Cost of Goods Manufactured and Cost of Goods Sold for West Nautical Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. 囲(Click the icon to view the data.) Data Table Start the calculation for cost of goods manufactured by calculating the direct materials u West Nautical Company Calculation of Direct Materials Used For Current Year End of Year $ 11,500 Beginning End of...

  • Compute the cost of Goods Manufactured and Cost of Goods Sold for Strike Gold Company for...

    Compute the cost of Goods Manufactured and Cost of Goods Sold for Strike Gold 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) Strike Gold Company Calculation of Direct Materials Used For Current Year Beginning raw materials inventory Plus: Purchases of direct materials Materials available for use Less Ending raw materials inventory Direct materials used Choose from any list or enter any...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT