Homework Answers
| Total Manufaturing cost | Add: Work-in-process | Less: Work-in-process | Cost of goods manufactured | |
| (January 1) | (December 31) | |||
| 1 | - | 1,24,000 | 86,000 | 38,000 |
| 2 | 3,00,000 | 1,22,500 | 98,600 | 3,23,900 |
| 3 | 3,14,000 | 4,65,000 | 63,000 | 7,16,000 |
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(b) Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) Work in Process...
Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) Work in Process (December...
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$124,000
$84,500
$
(2)
$297,000
$
$99,300
$322,700
(3)
$314,000
$464,000
$
$718,000
rcise 14-9 Determine the missing amounts. rcise 14-1 Total Work Work in Process January 1) (December...
rcise 14-9 Determine the missing amounts. rcise 14-1 Total Work Work in Process January 1) (December 31) Manufactured Cost of Goods 14-2 Manufacturing in Process Costs 14-4 14-6 14-8 14-9 14-12 e 14-15 e 14-16 $122,000 $83,800 (2) $29,000 101 $98,600 $322,200 $313,000 $465,000 59000 $719,000 core tesults by Stud Click if you would like to show Work for this question: Open Show.Work Exercise 14-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation...
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three...
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Manufacturing Costs $41,500 (1) (2) s (3) $65,000 $76,000 Factory Overhead $52,200 $143,000 $297,000 $59,000 $ $113,000 $311,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) $124,000 Cost of Goods Manufactured Work in Process (December 31) $85,900 $98,700 $323,800 $297,000 $ $311,000 $465,000 $719,000
Brief Exercise 14-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three...
Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as...
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct...
1. Determine the amount of the missing items, identifying them by letter. Enter all amounts as...
1. Determine the amount of the missing items, identifying them
by letter. Enter all amounts as positive numbers.
2. Prepare on Company's statement of cost of goods manufactured
for December .
3. Prepare on Company's income statement for December.
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off Materials inventory, December 1 Materials inventory, December...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. $210,000 Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000...
Baltimore Manufacturing had a Work in Process balance of $70,000 on January 1, 2018. The year...
Baltimore Manufacturing had a Work in Process balance of $70,000 on January 1, 2018. The year end balance of Work in Process was $86,000 and the Cost of Goods Manufactured was $770,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars only.)
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials...
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials Used Direct Labor Total Manufacturing Manufacturing Overhead Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured $38,000 $80,000 $48,000 $120,000 $96,000 2 $149,000 $53,000 $90,000 $292,000 $98,000 $311,000 O $53,000 $116,000 $121,000 $290,000 $403,000 $515,000
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 98,600 109,300 42,300 December 31 (Ending) $ 109,500 107,400 45,100 Direct materials purchased during the year amount to $514,200, and the cost of goods sold for the year was $1,865,000 Required: Prepare a cost of goods sold statement. $ 109,300 CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory...
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$124,000
$84,500
$
(2)
$297,000
$
$99,300
$322,700
(3)
$314,000
$464,000
$
$718,000
rcise 14-9 Determine the missing amounts. rcise 14-1 Total Work Work in Process January 1) (December 31) Manufactured Cost of Goods 14-2 Manufacturing in Process Costs 14-4 14-6 14-8 14-9 14-12 e 14-15 e 14-16 $122,000 $83,800 (2) $29,000 101 $98,600 $322,200 $313,000 $465,000 59000 $719,000 core tesults by Stud Click if you would like to show Work for this question: Open Show.Work Exercise 14-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation...
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Manufacturing Costs $41,500 (1) (2) s (3) $65,000 $76,000 Factory Overhead $52,200 $143,000 $297,000 $59,000 $ $113,000 $311,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) $124,000 Cost of Goods Manufactured Work in Process (December 31) $85,900 $98,700 $323,800 $297,000 $ $311,000 $465,000 $719,000
Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct...
1. Determine the amount of the missing items, identifying them
by letter. Enter all amounts as positive numbers.
2. Prepare on Company's statement of cost of goods manufactured
for December .
3. Prepare on Company's income statement for December.
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off Materials inventory, December 1 Materials inventory, December...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. $210,000 Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000...
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials Used Direct Labor Total Manufacturing Manufacturing Overhead Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured $38,000 $80,000 $48,000 $120,000 $96,000 2 $149,000 $53,000 $90,000 $292,000 $98,000 $311,000 O $53,000 $116,000 $121,000 $290,000 $403,000 $515,000
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 98,600 109,300 42,300 December 31 (Ending) $ 109,500 107,400 45,100 Direct materials purchased during the year amount to $514,200, and the cost of goods sold for the year was $1,865,000 Required: Prepare a cost of goods sold statement. $ 109,300 CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory...
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