Homework Answers
.
.
| Direct Materials | ||
| 1. Beginning Raw Material Inventory | $38,000 | |
| 2. Raw material purchases | $165,000 | |
| 3. Total raw materials available | $203,000 | |
| 4. Less: End raw material Inventory | $13,500 | |
| 5. Direct materials used | $189,500 | |
| 6. Direct Labor | $52,000 | |
| 7. Total manufacturing Overhead: | $137,500 | |
| 8. Total Manufacturing Costs | $379,000 | |
| 9. Beginning Work In Progress Inventory, 1/1 | $211,500 | |
| 10. Total cost of work in process | $590,500 | |
| 11. Less: Work In Progress Inventory, 12/31 | $81,500 | |
| 12. Cost of Goods Manufactured | $509,000 | |
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Complete the Cost of Goods Manufactured Schedule (fill in the blanks using the other numbers in...
Use the following information to complete a schedule of cost of goods manufactured and a cost...
Use the following information to complete a schedule of cost of goods manufactured and a cost of goods sold schedule: Given Info Beginning $8,000 $16,000 $40,000 Ending $13,000 $21,000 $60,000 Raw Materials Inv. Work in Process Inv. Finished Good Inv. Purchase of Raw Materials Direct Labor Manufacturing Overhead Applied $100,000 $80,000 $110,000 Calculate Direct Materials: Direct Materials Calculation Costs Raw Materials, Beginning $ +Raw Materials Purchased $ =Raw Materials Available GA -Raw Materials, Ending $ =Direct Materials $ Calculate Total...
E67x for B 100 1 Enter titles and accounts in the e 2Enter Numbers in the...
E67x for B 100 1 Enter titles and accounts in the e 2Enter Numbers in the blue cells Enter your Calculations in the yellow cells 6 Unit 1 7 Read Chapter 17 Intro To Managerial Acete httpswww.principlesofaccounting.cordmanagerial-cost-accounting 0 Use the following cost information to complete the schedules below for Jackson Company: 1 Advertising Expense 21,275 L Rent expense office 24,725 12 Depreciation office 8.575 Rent expense selling) 27,350 13 Depreciation selling 10,775 Rent expense factory 9 4,975 14 Depreciation factory...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Concord
Company.
CONCORD COMPANY
Cost of Goods Manufactured Schedule
Work in process (1/1)
$215,370
Direct materials
Raw materials inventory (1/1)
$
----------
Add: Raw materials purchases
164,870
Total raw materials available for use
-----------
Less: Raw materials inventory (12/31)
27,100
Direct materials used
$183,400
Direct labor
-----------
Manufacturing overhead
Indirect labor
21,960
Factory depreciation
36,430
Factory utilities
71,750
Total overhead
130,140
Total...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $213,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ 164,300 Add: Raw materials purchases Total raw materials available for use 29,530 Less: Raw materials inventory (12/31) Direct materials used $185,570 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 25,530...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Blue Company. BLUE COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ Add: Raw materials purchases 165,750 Total raw materials available for use $217,560 31,930 $189,460 Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,160...
Exercise 14-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of...
Exercise 14-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) Direct materials $216,370 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 159,650 30,800 Direct materials used Direct labor Manufacturing overhead $182,910 Indirect labor Factory depreciation Factory utilities Total overhead 24,950 40,680 75,370 141,000 Total manufacturing costs...
*Exercise 19-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of...
*Exercise 19-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule $214,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 163,780 Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used 29,040 $183,400 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,990 41,250 73,360 133,600 Total manufacturing costs...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data:...
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...
Use the following information to complete a schedule of cost of goods manufactured and a cost of goods sold schedule: Given Info Beginning $8,000 $16,000 $40,000 Ending $13,000 $21,000 $60,000 Raw Materials Inv. Work in Process Inv. Finished Good Inv. Purchase of Raw Materials Direct Labor Manufacturing Overhead Applied $100,000 $80,000 $110,000 Calculate Direct Materials: Direct Materials Calculation Costs Raw Materials, Beginning $ +Raw Materials Purchased $ =Raw Materials Available GA -Raw Materials, Ending $ =Direct Materials $ Calculate Total...
E67x for B 100 1 Enter titles and accounts in the e 2Enter Numbers in the blue cells Enter your Calculations in the yellow cells 6 Unit 1 7 Read Chapter 17 Intro To Managerial Acete httpswww.principlesofaccounting.cordmanagerial-cost-accounting 0 Use the following cost information to complete the schedules below for Jackson Company: 1 Advertising Expense 21,275 L Rent expense office 24,725 12 Depreciation office 8.575 Rent expense selling) 27,350 13 Depreciation selling 10,775 Rent expense factory 9 4,975 14 Depreciation factory...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Concord
Company.
CONCORD COMPANY
Cost of Goods Manufactured Schedule
Work in process (1/1)
$215,370
Direct materials
Raw materials inventory (1/1)
$
----------
Add: Raw materials purchases
164,870
Total raw materials available for use
-----------
Less: Raw materials inventory (12/31)
27,100
Direct materials used
$183,400
Direct labor
-----------
Manufacturing overhead
Indirect labor
21,960
Factory depreciation
36,430
Factory utilities
71,750
Total overhead
130,140
Total...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $213,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ 164,300 Add: Raw materials purchases Total raw materials available for use 29,530 Less: Raw materials inventory (12/31) Direct materials used $185,570 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 25,530...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Blue Company. BLUE COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ Add: Raw materials purchases 165,750 Total raw materials available for use $217,560 31,930 $189,460 Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,160...
Exercise 14-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) Direct materials $216,370 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 159,650 30,800 Direct materials used Direct labor Manufacturing overhead $182,910 Indirect labor Factory depreciation Factory utilities Total overhead 24,950 40,680 75,370 141,000 Total manufacturing costs...
*Exercise 19-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule $214,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 163,780 Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used 29,040 $183,400 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,990 41,250 73,360 133,600 Total manufacturing costs...
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...
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