Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
Yum-Yum Treats | ||
Cost of goods manufactured | Amount $ | |
Beginning Raw material inventory | 13,700.00 | |
Raw material Purchases | 33,000.00 | |
Total Raw material available for use | 46,700.00 | |
Less: Ending Raw material inventory | 8,500.00 | |
Direct materials used | 38,200.00 | |
Direct Labor | 22,000.00 | |
Manufacturing Overhead | ||
Plant janitorial Services | 400.00 | |
Utilities for plant | 1,900.00 | |
Rent on plant | 11,000.00 | |
Total Manufacturing Overhead | 13,300.00 | |
Total Manufacturing costs | 73,500.00 | |
Beginning Work in process inventory | - | |
Total cost of work in process | 73,500.00 | |
Less: Ending Work in process inventory | 3,000.00 | |
Cost of goods manufactured | 70,500.00 | |
Income Statement | Amount $ | Amount $ |
Revenue | 112,000.00 | |
Cost of goods sold | ||
Beginning Finished goods inventory | - | |
Cost of goods manufactured | 70,500.00 | |
Cost of goods available for sale | 70,500.00 | |
Less: Finished goods inventory, ending | 5,700.00 | |
Cost of goods sold | 64,800.00 | |
Gross Profit | 47,200.00 | |
Selling & administrative expense | ||
Sales salaries | 5,700.00 | |
Delivery costs | 1,800.00 | |
Customer service hotline costs | 1,400.00 | |
Total Selling & administrative expense | 8,900.00 | |
Operating Income | 38,300.00 |
Requirement 2. Prepare an income statement for Yum Yum Treats for the year ended December 31,...
TUNTUT marulachures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following 11. Click the icon to view the accounting records.) Read the requirements Requirement 1. Prepare a schedule of cost of goods manufactured for Yum Yum Treats for the year ended December 31, 2018. (For accounts with a 50 balance, make sure to enter Yum Yum Treats Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 0 Data...
Requirement 2. Prepare an incomestament for Natural Bones for the younded December 31, 2018 For courts with a balance, make sure t o in the appropriate column) Natural Bones manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following (Click the icon to view the accounting records) Read the requirements Income Statement Year Ended December 31, 2018 Requirements Net Sales Rever Cost of Goods Sold 1. Prepare a schedule of...
Yummy Treats manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following: (Click the icon to view account balances.) (Click the icon to view other information.) Read the requirements Requirement 1. Prepare a schedule of cost of goods manufactured for Yummy Treats for the year ended December 31, 2018. (For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Х - X Yummy Treats Schedule...
Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies...
Test: Chapter 18 Test Time Remaining: 00:58:32 Submit Test This Question: 20 pts 9 of 19 (7 complete) This Test: 170 pts possible Question Help Yum Yum Treats manufactures its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following (Click the icon to view the accounting records.) Read the requirements Requirement 1. Prepare a schedule of cost of goods manufactured for Yum Yum Treats for the year ended December 31, 2018....
I
need help on this question.
Creek Enterprises Income Statement for the Year Ended December 31, 2018 Sales revenue ($34,963,000) Less Cost of goods sold Creek Enterprises Income Statement for the Year Ended December 31, 2019 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses 1000 % $29,980,000 20,995,000 $8,985,000 338 % Less: Operating expenses Seling experse General and administrative expenses 13.3 % $3.041,000 1,774,000 193,000 979,000 Seling expense General and administrative expenses 04 3.6 Lease expense...
Consider the following information for Huntersville Inc. for the fiscal year ended December 31. Depreciation expense-administrative office Depreciation expense-plant and equipment Direct labor wages Materials Inventory, Dec. 31 Materials Inventory, Jan. 1 Direct materials purchases Finished goods inventory, Dec. 31 Finished goods inventory, Jan. 1 Heat, light, and power-plant Indirect labor Property taxes-plant Sales representatives' salaries Sales revenue Factory supervisor's salary Supplies-administrative office Supplies-plant Work-in-process inventory, Dec. 31 Work-in-process inventory, Jan. 1 38,65e 95,500 561,600 40,250 28,500 202,500 24,400 16,900...
One of Toyota Company's subsidiaries reports the following account balances for the year ended December 31, 2018 (in thousands). Direct materials Direct materials Jan. 1,2018 Dec. 31, 2018 20,800 22,250 Work in process Work in process Jan. 1, 2018 Dec. 31, 2018 5,700 4,650 Finished goods Finished goods Jan. 1, 2018 Dec. 31, 2018 102,500 105,250 Direet materials purchased Direct manufacturing labor 452,500 335,750 Plant- leasing costs Property taxes on plant and equipment Plant wide- utilities Fire insurance on plant...
One of Toyota Company's subsidiaries reports the following account balances for the year ended December 31, 2018 (in thousands). Direct materials Direct materials Jan. 1,2018 Dec. 31, 2018 20,800 22,250 Work in process Work in process Jan. 1, 2018 Dec. 31, 2018 5,700 4,650 Finished goods Finished goods Jan. 1, 2018 Dec. 31, 2018 102,500 105,250 Direet materials purchased Direct manufacturing labor 452,500 335,750 Plant- leasing costs Property taxes on plant and equipment Plant wide- utilities Fire insurance on plant...
Requirement 1. Prepare Carissa Communications's statement of
retained earnings for the year ended
July 31 2018 . Assume that there were no dividends declared
during the year and that the business began on
tAugust 1,2017 (Enter a "0" for any zero balances. Include only
applicable transactions during the period.)
Requirement 2. Prepare
Carissa Communications's classified balance sheet at
July 31 2018
Use the report format. Begin by completing the assets section,
then complete the liabilities and stockholders' equity sections.
(If...