I need all three required
partsHomework Answers
Answer
- Requirement 1
>Which company is
manufacturer?
Answer = Company 2, because it has raw material inventory, WIp
Inventory and Finished goods inventory.
>Which company is a merchandiser?
Answer = Company 1, reason being the existance of only merchandise
inventory.
- Requirement 2
Company 1
|
Current Assets: |
|
|
Merchandise Inventory |
$40,125 |
- Requirement 2
Company 2
|
Current Assets: |
||
|
Inventories: |
||
|
Raw material Inventory |
$37,125 |
|
|
Work in process Inventory |
$27,000 |
|
|
Finished Goods Inventory |
$47,000 |
|
|
$111,125 |
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I need all three required
parts
Current assets for two different companies at fiscal year-end 2017...
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a...
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $11,000 $9,000 44,000 47,000 32,000 52,000 62,000 80,000 3,500 700 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser. (2)...
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Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 6,000 $4,000 38,500 41,500 28,000 48,000 58,000 77,000 5,000 1,000 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a....
Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer,...
Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 9,000 $ 7,000 - 34,375 37,375 25,000 45,000 56,000 67,000 2,500 500 Required: 1. Identify which set of numbers relates to the manufacturer and which to the...
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $11,000 $9,000 44,000 47,000 32,000 52,000 62,000 80,000 3,500 700 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser. (2)...
2
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company Account Company 1 Company 2 $12,000 37,125 $14,000 Cash Raw materials inventory Merchandise inventory 40,125 27,000 47,000 65,000 600 Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 56,000 3,000 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser...
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Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Company1 Company 2 $13,000 $11,000 41,250 Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 44,250 30,000 50,000 81,000 600 66,000 3,000 Required: (1) ldentify which set of numbers relates to the manufacturer and which to the merchandiser. (2) Prepare...
Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 5,000 $3,000 34,375 37,375 25,000 45,000 57,000 76,000 4,500 900 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a....
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