Homework Answers
correct option is "D" - 239000
Cost of goods sold= Beginning finished goods inventory +cost of goods manufactured-ending finished goods inventory
258000 = 51000 +cost of goods manufactured - 32000
258000 = 19000+ cost of goods manufactured
cost of goods manufactured = 258000 -19000
= $ 239000
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What is the cost of goods manufactured for 2015? Beginring finished good, 1/1/2015 Ending finished goods,...
Question 5 What is the gross margin for 2015? Beginning finished good, 1/1/2015 Ending finished goods,...
Question 5 What is the gross margin for 2015? Beginning finished good, 1/1/2015 Ending finished goods, 12/31/2015 Cost of goods sold Sales revenue Operating expenses $142,000 $149,000 $49,000 $156,000 $82,000 75,000 302,000 451,000 100,000 A Moving to another question will save this response.
What is the gross margin for 2015? Beginning finished good, 1/1/2015 Ending finished goods, 12/31/2015 Cost...
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Statement of Cost of Goods Manufactured from Percent Relationships Information about NuWay Products Company for the year ending December 31, 2010, follows: Sales equal $500,000. Direct materials used total $51,000. Manufacturing overhead is 150 percent of direct labor dollars. The beginning inventory of finished goods is 20 percent of the cost of goods sold. The ending inventory of finished goods is twice the beginning inventory. The gross profit is 20 percent of sales. There is no beginning or ending work-in-process....
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1 Data Table Begin by preparing a schedule of cost of goods manufactured Kelley Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 in millions) Beginning Ending Inventory balances Work in Process Finished Goods Other Information Sales Revenue Seling and Administrative Expenses Direct Labor Manufacturing Overhead actual and located Direct Materials Used Cost of Goods Manufactured Now prepare an income statement Kelley Company Done ww prepare an income statement 1 Data Table Kelley Company Income Statement Year...
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Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 345,000 83,500 72,300 918,700 283,600 Cost of Goods Sold is Computed as: Cost of goods sold
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Cost of goods sold equals beginning finished goods inventory, plus cost of goods manufactured, less ending finished goods inventory. True or False
1 Using the information below, calculate cost of goods sold for the period: 033 points Sales...
1
Using the information below, calculate cost of goods sold for the period: 033 points Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,323,000 258,000 55,000 60,000 559,000 8 00:28:05
Question 5 What is the gross margin for 2015? Beginning finished good, 1/1/2015 Ending finished goods, 12/31/2015 Cost of goods sold Sales revenue Operating expenses $142,000 $149,000 $49,000 $156,000 $82,000 75,000 302,000 451,000 100,000 A Moving to another question will save this response.
What is the gross margin for 2015? Beginning finished good, 1/1/2015 Ending finished goods, 12/31/2015 Cost of goods sold Sales revenue Operating expenses $49,000 $156,000 $142,000 $149,000 $82,000 75,000 302,000 451,000 100,000
recision nufacturin Beginning inventory Merchandise Finished goods $275,000 $450,000 Cost of purchases Cost of goods manufactured Ending inventory 500,000 900,000 Merchandise Finished goods 115,000 375,000 Compute cost of goods sold for each of these two companies for the year ended December 31,.2017 Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year ended December 31, 2017 in Manufacturing Business PRECISION MANUFACTURING Next:> Prev4 of 6
Moving to another question will save this response. Question 2 What is the operating income for 2015? $86,000 74,000 307,000 454,000 101,000 Beginning finished good, 1/1/2015 Ending finished goods, 12/31/2015 Cost of goods sold Sales revenue Operating expenses $34,000 $46,000 $58,000 $73,000 L A Moving to another question will save this response.
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
1 Data Table Begin by preparing a schedule of cost of goods manufactured Kelley Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 in millions) Beginning Ending Inventory balances Work in Process Finished Goods Other Information Sales Revenue Seling and Administrative Expenses Direct Labor Manufacturing Overhead actual and located Direct Materials Used Cost of Goods Manufactured Now prepare an income statement Kelley Company Done ww prepare an income statement 1 Data Table Kelley Company Income Statement Year...
Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 345,000 83,500 72,300 918,700 283,600 Cost of Goods Sold is Computed as: Cost of goods sold
1
Using the information below, calculate cost of goods sold for the period: 033 points Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,323,000 258,000 55,000 60,000 559,000 8 00:28:05
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