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Please assist with the red wrong boxes. Thank you.
At May 31, 2020, the accounts of Lopez Company show the following. 1. May 1 inventories-finished goods $14,000, work in process $17,600, and raw materials $8,400. 2. May 31 inventories-finished goods $9,600, work in process $18,000, and raw materials $8,000. 3. Debit postings to work in process were direct materials $65,100, direct labor $51,600, and manufacturing overhead applied $40,200. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue...
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E16-21 (similar to) Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view the information.) First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct Materials Used: Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured i Data Table Balances: Ending $ 32,000 Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Beginning...
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please help asap thank you!
Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Goods Beginning Ending $ 25,380 $21,300 $ 17,300 $10,300 $ 48,300 $56,300 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $72,300 $92,300 $42,330 $ 4,30 $41,300 Any underapplied or overapplied manufacturing overhead is closed out to cost...
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Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Goods Beginning Ending $ 27,000 $23,000 $ 19,000 $12,000 $ 50,000 $58,000 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $74,000 $94,000 $44,200 $ 4,200 $43,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. $ BLEDSOE...
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Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view the information.) First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured x Direct Materials Used: Data Table Balances: Beginning $ 20,000 Ending $ 30,000 42,000 37,000 Direct Materials Used Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Purchases of direct materials 17,000 29,000 $ 78,000 Total Manufacturing Costs incurred during the Year Total...
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3.
Prepare a schedule of cost of goods manufactured
Saved Required information [The following information applies to the questions displayed below.) Marcelino Cols March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385.000. Overhead costs incurred in April are: indirect materials, $55,000; Indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job...
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Each answer must made in the form of a formula where the yellow
boxes lie, thankyou!
1 Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 3 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 8 $375,000 $536,300 $302,750 9 Actual costs for the year: 10 Purchase of raw materials (all direct) 11...
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Please assist with part B. The
red boxes are wrong. Thank you!
Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,420 Factory utilities $410 Direct materials used 22,300 Depreciation, factory equipment 1,560 Work in process, 6/1/20 3,620 Direct labor 42,630 Work in process, 6/30/20 4,630 Maintenance, factory equipment 1,990 Finished goods, 6/1/20 5,310 Indirect materials 2,120 Finished goods, 6/30/20 8 ,420 Factory manager's salary 3,150 CEPEDA CORPORATION Cost of Goods Manufactured...
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11 Bledsoe Corporation has provided the following date for the month of November Menning eng Raw materiale 26,800 $ 23,000 Work in process 18.00 Finished Goods 859,800 01:2006 Additional Information: Raw materiale purchases Direct labor cont Manufacturing overhead cont incurred Indirect materials included in manufacturing overhand cost incurred Manufacturing overhead cost applied to work in Process $73,800 $93,000 $43,980 $4,180 $42,800 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: Prepare a Schedule of...
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Please give answers in the yellow boxes as an excel
function and using cell references when needed.
B F G H D i Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 9 Actual costs for the year: 10 Purchase of raw materials (all direct)...
Please assist with the red wrong boxes. Thank you.
At May 31, 2020, the accounts of Lopez Company show the following. 1. May 1 inventories-finished goods $14,000, work in process $17,600, and raw materials $8,400. 2. May 31 inventories-finished goods $9,600, work in process $18,000, and raw materials $8,000. 3. Debit postings to work in process were direct materials $65,100, direct labor $51,600, and manufacturing overhead applied $40,200. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue...
E16-21 (similar to) Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view the information.) First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct Materials Used: Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured i Data Table Balances: Ending $ 32,000 Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Beginning...
please help asap thank you!
Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Goods Beginning Ending $ 25,380 $21,300 $ 17,300 $10,300 $ 48,300 $56,300 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $72,300 $92,300 $42,330 $ 4,30 $41,300 Any underapplied or overapplied manufacturing overhead is closed out to cost...
Bledsoe Corporation has provided the following data for the month of November Raw materials Work in process Finished Goods Beginning Ending $ 27,000 $23,000 $ 19,000 $12,000 $ 50,000 $58,000 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $74,000 $94,000 $44,200 $ 4,200 $43,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. $ BLEDSOE...
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view the information.) First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured x Direct Materials Used: Data Table Balances: Beginning $ 20,000 Ending $ 30,000 42,000 37,000 Direct Materials Used Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Purchases of direct materials 17,000 29,000 $ 78,000 Total Manufacturing Costs incurred during the Year Total...
3.
Prepare a schedule of cost of goods manufactured
Saved Required information [The following information applies to the questions displayed below.) Marcelino Cols March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385.000. Overhead costs incurred in April are: indirect materials, $55,000; Indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job...
Each answer must made in the form of a formula where the yellow
boxes lie, thankyou!
1 Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 3 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 8 $375,000 $536,300 $302,750 9 Actual costs for the year: 10 Purchase of raw materials (all direct) 11...
Please assist with part B. The
red boxes are wrong. Thank you!
Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,420 Factory utilities $410 Direct materials used 22,300 Depreciation, factory equipment 1,560 Work in process, 6/1/20 3,620 Direct labor 42,630 Work in process, 6/30/20 4,630 Maintenance, factory equipment 1,990 Finished goods, 6/1/20 5,310 Indirect materials 2,120 Finished goods, 6/30/20 8 ,420 Factory manager's salary 3,150 CEPEDA CORPORATION Cost of Goods Manufactured...
11 Bledsoe Corporation has provided the following date for the month of November Menning eng Raw materiale 26,800 $ 23,000 Work in process 18.00 Finished Goods 859,800 01:2006 Additional Information: Raw materiale purchases Direct labor cont Manufacturing overhead cont incurred Indirect materials included in manufacturing overhand cost incurred Manufacturing overhead cost applied to work in Process $73,800 $93,000 $43,980 $4,180 $42,800 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: Prepare a Schedule of...
Please give answers in the yellow boxes as an excel
function and using cell references when needed.
B F G H D i Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 9 Actual costs for the year: 10 Purchase of raw materials (all direct)...