Frederick Company's January 1, 2018 finished goods inventory was $76,000. The January 1, 2019 finished goods inventory is $96,000. Cost of goods manufactured for the FY 2018 was $354,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)
Finished goods inventory, January 1, 2018 | $ 76,000 | ||||
Add Cost of goods manufactured | $ 3,54,000 | ||||
Cost of goods available for sale | $ 4,30,000 | ||||
Less Finished goods inventory, January 1, 2019 | $ 96,000 | ||||
Cost of goods sold | $ 3,34,000 |
Frederick Company's January 1, 2018 finished goods inventory was $76,000. The January 1, 2019 finished goods...
Frederick Company's January 1, 2018 finished goods inventory was $73,000. The January 1, 2019 finished goods inventory is $57,000. Cost of goods manufactured for the FY 2018 was $246,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)
Frederick Company's January 1, 2018 finished goods inventory was $49,000. The January 1, 2019 finished goods inventory is $66,000. Cost of goods manufactured for the FY 2018 was $283,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)
Frederick Company's January 1, 2018 finished goods inventory was $43,000. The January 1, 2019 finished goods inventory is $54,000. Cost of goods manufactured for the FY 2018 was $306,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)
During FY 2018 Bay Manufacturing had total manufacturing costs are $440,000. Their cost of goods manufactured for the year was $455,000. The January 1, 2019 balance of Work-in-Process Inventory is $50,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)
During FY 2018 Bay Manufacturing had total manufacturing costs are $440,000. Their cost of goods manufactured for the year was $425,000. The January 1, 2019 balance of Work-in-Process Inventory is $60,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)
Question 4 (7 points) During FY 2018 Bay Manufacturing had total manufacturing costs are $450,000. Their cost of goods manufactured for the year was $447,000. The January 1, 2019 balance of Work-in-Process Inventory is $42,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)
Question'7 The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal): Item/Account 2019 2018 Accounts Receivable $36,000 $32,000 Inventor 42,000 38,000 Net Sales (all credit) 390,000 350,000 Cost of Goods Sold 154,000 152,000 Net Income 27.200 24,800 Use this information to determine the accounts receivable average collection period for FY 2019. (Use 365 day vear. Round your answers to one decimal place.) Question S8 Towson Manufacturing had a Work...
Annapolis Company manufactures quality boating apparel. The following selected financial information for the fiscal year 2018 is provided: Item Amount Sales $850,000 Beginning Raw Material Inventory 74,000 Direct Material Purchased 308,000 Factory Overhead 90,000 Finished Goods Inventory - January 1 144,000 Work in Process - January 1 74,000 Work in Process - December 31 98,000 Ending Raw Material Inventory 58,000 Finished Goods Inventory - December 31 168,000 Net Income 65,000 Direct Labor 155,000 Cost of Goods Sold 655,000 Use this...
Annapolis Company manufactures quality boating apparel. The following selected financial information for the fiscal year 2018 is provided: Item Amount Sales $850,000 Beginning Raw Material Inventory 74,000 Direct Material Purchased 308,000 Factory Overhead 90,000 Finished Goods Inventory - January 1 144,000 Work in Process - January 1 74,000 Work in Process - December 31 98,000 Ending Raw Material Inventory 58,000 Finished Goods Inventory - December 31 168,000 Net Income 65,000 Direct Labor 155,000 Cost of Goods Sold 655,000 Use this information...
Baltimore Manufacturing Company just completed its year ended December 31, 2019. Depreciation for the year amounted to $130,000: 15% relates to sales, 20% relates to administrative facilities, and the remainder relates to the factory. Of the total units produced during FY 2019: 75% were sold in 2019 and the rest remained in finished good inventory. Use this information to determine the dollar amount of the total depreciation that will be contained in Cost of Goods Sold. (Round dollar values & enter...