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Solution
| Logia Manufacturing Company | ||
| Schedule of Cost of Goods Manufactured | ||
| For year ended December 31, 2002 | ||
| Direct Material | ||
| Raw material Inventory Beginning | $ 135,000.00 | |
| Raw material Purchased | $ 190,000.00 | |
| Raw material available for use | $ 325,000.00 | |
| Less: Raw material Inventory Ending | $ 65,000.00 | |
| Direct Material Used | $ 260,000.00 | |
| Direct labor | $ 90,000.00 | |
| Total Manufacturing Overheads Applied | $ 310,000.00 | |
| Total manufacturing Cost | $ 660,000.00 | |
| Add: Work in process Beginning | $ 120,000.00 | |
| Subtotal | $ 780,000.00 | |
| Less: Work in progress Ending | $ 150,000.00 | |
| Cost of Goods Manufactured | $ 630,000.00 | |
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Logia Manufacturing Company has developed the following information for the...
Hello! In the photo below, could you please help me prepare the COG Manufactured for the...
Hello!
In the photo below, could you please help me prepare the COG
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An incomplete cost of goods manufactured schedule is presented below for Cepeda Manufacturing Company for the...
An incomplete cost of goods manufactured schedule is presented
below for Cepeda Manufacturing Company for the year ended December
2020:
Complete the cost of goods manufactured schedule for Cepeda
Manufacturing Company.
Complete the cost of goods
manufactured schedule for Cepeda Manufacturing Company.
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[The following information applies to the questions displayed below.] Alhambra Aluminum Company, a manufacturer of recyclable...
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I need help with my assignment please
Thank you
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Hello!
In the photo below, could you please help me prepare the COG
Manufactured for the Turner Co. for the year ended December 31,
2018?
Thanks!
The Turner Manufacturing Company has developed the following information for the year ended December 31, 2018 Work In Process Inventory, December 31 Total manufacturing costs incurred during the year Raw Materials Purchases Raw Materials Inventory, December 31 Prime manufacturing costs for the year Conversion costs for the year $105,000 500,000 140,000 65,000 255,000 290,000...
8/9 i dont understand
Manufacturing Company's accounting records reflect the following inventories: Dec 31, 2011 Dec 31, 2010 $260.000 Raw materials inventory $310,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2011, 5400,000 of raw materials were purchased, direct labor costs amounted to 300,000, and manufacturing overhead incurred was $480,000. The total raw materials available for use during 2011 for Dolan Manufacturing Company is a. $710,000 b. $260,000. c. $350,000 d. $660,000. 9. Dolan Manufacturing Company's...
An incomplete cost of goods manufactured schedule is presented below for Cepeda Manufacturing Company for the year ended December 2020: Complete the cost of goods manufactured schedule for Cepeda Manufacturing Company. CEPEDA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $212,500 $ 166,000 Work in process (1/1) Direct materials Raw materials inventory(1/1) Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used 17,800 $188,000 Direct labour Manufacturing...
An incomplete cost of goods manufactured schedule is presented
below for Cepeda Manufacturing Company for the year ended December
2020:
Complete the cost of goods manufactured schedule for Cepeda
Manufacturing Company.
Complete the cost of goods
manufactured schedule for Cepeda Manufacturing Company.
CEPEDA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $217,000 Work in process (1/1) Direct materials Raw materials inventory, (1/1) Raw materials purchases 167,000 Total raw materials available for use 18,000 Less:...
[The following information applies to the questions displayed below.] Alhambra Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 20x1 Inventory December 31, 20x1 $ 70,000 January 1, 20x1 Classification Raw material Work in process 60,000 120,000 115,000 Finished goods 150,000 65,000 During 20x1, the company purchased $240,000 of raw material and spent $400,000 for direct labor. Manufacturing overhead costs were as follows $ 9,000 Indirect material Indirect labor Depreciation...
Cost of Goods Manufactured and Sold Anglin Company, a manufacturing firm, has supplied the following information from its accounting records for the last calendar year: Direct labor cost $496,550 Purchases of direct materials 375,520 Freight-in on materials 7,620 Factory supplies used 18,960 Factory utilities 55,000 Commissions paid 78,364 Factory supervision and indirect labor 164,880 Advertising 144,140 Materials handling 15,740 Work-in-process inventory, January 1 204,410 Work-in-process inventory, December 31 116,960 Direct materials inventory, January 1 38,880 Direct materials inventory, December 31...
I need help with my assignment please
Thank you
Exercise 1-13 Preparation of schedule of cost of goods manufactured LO P2 Given the following selected account balances of Delray Mfg. 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,...
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