Homework Answers
Cost of goods manufactured = Beginning Inventory + Total manufacturing cost - Ending Inventory
$170,000 = $5,000 + Total manufacturing cost - $15,000
Total Manufacturing cost = $180,000
1st option.
Raw material used in production = Beginning Inventory + purchased - Ending Inventory
= $21,500 + $74,000 - $23,000
= $72,500
3rd option.
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2 pts If beginning and ending work in process inventories are $5,000 and $15,000, respectively and...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? O $850000. O $665000. $865000. $695000. Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 $320000...
Question 37 2 pts Yamada Company applies factory overhead to its production departments on the basis...
Question 37 2 pts Yamada Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly Department, Yamada had $125,000 of direct labor cost, and in the Finishing Department, Yamada had $35,000 of direct labor cost. The entry to apply overhead to these production departments is: Debit Factory Overhead-Assembly $112,500; debit Factory Overhead-Finishing $31.500, credit Work in Process Inventory $144,000. Debit Factory Overhead $144,000; credit Work in Process Inventory-Assembly $112,500; credit...
The following information is from ABC Company’s general ledger: Beginning and ending inventories, respectively, for raw...
The following information is from ABC Company’s general ledger: Beginning and ending inventories, respectively, for raw materials were $9,500 and $11,500 and for work in process were $21,500 and $23,500. Raw material purchases and direct labor costs incurred were $37,500 each, and manufacturing overhead applied amounted to $21,500. Required: Prepare a statement of cost of goods manufactured for ABC Company. (Amounts to be deducted should be indicated by a minus sign.) ABC COMPANY Statement of Cost of Goods Manufactured Raw...
The following information is from ABC Company’s general ledger: Beginning and ending inventories, respectively, for raw...
The following information is from ABC Company’s general ledger:
Beginning and ending inventories, respectively, for raw materials
were $9,600 and $11,600 and for work in process were $21,600 and
$23,600. Raw material purchases and direct labor costs incurred
were $37,600 each, and manufacturing overhead applied amounted to
$21,600.
Required: Prepare a statement of cost of goods
manufactured for ABC Company. (Amounts to be deducted
should be indicated by a minus sign.)
The following information is from ABC Company's general ledger:...
Data Table Ending Beginning S 24,000 36,000 15,000 Inventories: Raw Materials Work-in-Process Finished Goods Other information:...
Data Table Ending Beginning S 24,000 36,000 15,000 Inventories: Raw Materials Work-in-Process Finished Goods Other information: Purchases of materials Direct labor Manufacturing overhead $ 27,000 27 000 21,000 $ 74,000 88,000 46.000 Print Done 을 https://www.mathxl.com/Student PlayerHomework.aspx?homeworkld-512043875&questionld«A&flus ACC350 SP19 ETR700A Homework: Topic 1 Homework (Chapter 18) Score: 6.92 of 10 pts gel 8-23 (similar to) Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold ( 囲(Click the icon to view the...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost o...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost of goods manufactured, 5866.000, beginning finished goods Inventory, $252,000; ending work in process inventory. $220,000, and ending finished goods inventory, $264,000. Wowo Company's cost of goods sold for the year is a $854,000. b. $878,000 c. $826,000 d. $602,000. 35) Sir Company reported the following year-end information: Beginning work in process inventory $2.000.000 Beginning raw materials inventory 1,300,000 Ending work in process inventory 900,000 Ending...
Bledsoe Corporation has provided the following data for the month of November Raw materials Work in...
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...
Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work...
Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work in process Finished Goods Beginning Ending $ 25,500 $ 21,500 $ 17,500 $ 10,500 $ 48,500 $56,500 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 $ 72,500 $92,500 $42,550 $ 4,050 $41,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of...
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials...
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24,000 Work in process $23,000 $17,000 Finished goods $37,000 $55,000 Additional information: Raw materials purchases $61,000 Direct labor cost $94,000 Manufacturing overhead cost incurred $54,000 Manufacturing overhead cost applied to Work in Process $56,000 The cost of goods manufactured for August is: $227,000 $229,000 $219,000 $217,000 Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials...
beginning and ending work in process inventories are $6.700 and $16.700, respectively and cost of goods...
beginning and ending work in process inventories are $6.700 and $16.700, respectively and cost of goods manufactured is $187.000, what is the total manufacturing cost for the period? Ο Ο Ο Ο Ο Ο
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? O $850000. O $665000. $865000. $695000. Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 $320000...
Question 37 2 pts Yamada Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly Department, Yamada had $125,000 of direct labor cost, and in the Finishing Department, Yamada had $35,000 of direct labor cost. The entry to apply overhead to these production departments is: Debit Factory Overhead-Assembly $112,500; debit Factory Overhead-Finishing $31.500, credit Work in Process Inventory $144,000. Debit Factory Overhead $144,000; credit Work in Process Inventory-Assembly $112,500; credit...
The following information is from ABC Company’s general ledger:
Beginning and ending inventories, respectively, for raw materials
were $9,600 and $11,600 and for work in process were $21,600 and
$23,600. Raw material purchases and direct labor costs incurred
were $37,600 each, and manufacturing overhead applied amounted to
$21,600.
Required: Prepare a statement of cost of goods
manufactured for ABC Company. (Amounts to be deducted
should be indicated by a minus sign.)
The following information is from ABC Company's general ledger:...
Data Table Ending Beginning S 24,000 36,000 15,000 Inventories: Raw Materials Work-in-Process Finished Goods Other information: Purchases of materials Direct labor Manufacturing overhead $ 27,000 27 000 21,000 $ 74,000 88,000 46.000 Print Done 을 https://www.mathxl.com/Student PlayerHomework.aspx?homeworkld-512043875&questionld«A&flus ACC350 SP19 ETR700A Homework: Topic 1 Homework (Chapter 18) Score: 6.92 of 10 pts gel 8-23 (similar to) Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold ( 囲(Click the icon to view the...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost of goods manufactured, 5866.000, beginning finished goods Inventory, $252,000; ending work in process inventory. $220,000, and ending finished goods inventory, $264,000. Wowo Company's cost of goods sold for the year is a $854,000. b. $878,000 c. $826,000 d. $602,000. 35) Sir Company reported the following year-end information: Beginning work in process inventory $2.000.000 Beginning raw materials inventory 1,300,000 Ending work in process inventory 900,000 Ending...
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...
Bledsoe Corporation has provided the following data for the month of November: Inventories: Raw materials Work in process Finished Goods Beginning Ending $ 25,500 $ 21,500 $ 17,500 $ 10,500 $ 48,500 $56,500 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 $ 72,500 $92,500 $42,550 $ 4,050 $41,500 Any underapplied or overapplied manufacturing overhead is closed out to cost of...
beginning and ending work in process inventories are $6.700 and $16.700, respectively and cost of goods manufactured is $187.000, what is the total manufacturing cost for the period? Ο Ο Ο Ο Ο Ο
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