Homework Answers
Beginning finished goods inventory $42000
Manufacturing costs:
Direct material:
Opening inventory $98200
Purchases $517200
Material available 615,400
Less: ending inventory 110500
Material used 504900
Direct labor =$1,351,600
Total manufacturing costs 1,856,500
Total cost of work in process =$1898500
Beginning inventory 107500
Cost of goods manufactured 2,006,000
Less: ending work in process 107,800
Finished goods available for sale 1,898,200
Less: ending finished goods inventory 43200
Cost of goods sold =$1,855,000
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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...
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...
The following balances are from the accounts of Crabtree Machining Company January December 31 Direct materials...
The following balances are from the accounts of Crabtree Machining Company January December 31 Direct materials inventory Work-in-process inventory Finished goods inventory (Beginning) (Ending) 115,200 141,600 134,400 108,000 139,200 117,120 Direct materials purchased during the year amount to $717,600, and the cost of goods sold for the year was $2,606,880. Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 S 139,200 Beginning work-in-process inventory Manufacturing costs Direct...
The following balances are from the accounts of Crabtree Machining Company: January 1 December 31 (Beginning)...
The following balances are from the accounts of Crabtree Machining Company: January 1 December 31 (Beginning) (Ending) $ 97,300 $ 109,400 Direct materials inventory Work-in-process inventory Finished goods inventory 109,100 42,400 105,900 44,600 Direct materials purchased during the year amount to $516,800, and the cost of goods sold for the year was $1,875,000 Required Prepare a cost of goods sold statement. CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 eginning work-in-process inventory Manufacturing costs...
The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning)...
The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning) (Ending) Direct materials inventory Work-in-process inventory Finished goods inventory $ 97,300 $ 109,400 105,900 44,600 109,100 42,400 Direct materials purchased during the year amount to $516,800, and the cost of goods sold for the year was $1,875,000 Required Prepare a cost of goods sold statement. CRAB TREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials...
please make numbers and answers readable The following balances are from the accounts of Crabtree Machining...
please make numbers and answers readable
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods Inventory January 1 (Beginning) $ 99,500 108,700 45,800 December 31 (Ending) $ 111,200 106,200 43,400 Direct materials purchased during the year amount to $513,200, and the cost of goods sold for the year was $1.865,000 Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21.800 32,800 5,800 December 31 KEnding) $ 24,600 28,900 6,700 Direct materials used during the year amount to $45,500 and the cost of goods sold for the year was $53,100. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials:...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,500 32,900 5,800 December 31 (Ending) $ 25,200 28,800 7,000 Direct materials used during the year amount to $46,200 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. 32,900 TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,600 32,200 5,000 December 31 (Ending) $ 24,600 28,800 7,500 Direct materials used during the year amount to $46,500 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
please bold numbers to make answers clear. thank u The following balances are from the accounts...
please
bold numbers to make answers clear. thank u
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 99,500 108,700 45,800 December 31 (Ending) $ 111,200 106,200 43,400 Direct materials purchased during the year amount to $513,200, and the cost of goods sold for the year was $1,865,000 Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the...
Question 2 (of 2 5.00 points The following balances are trom the accounts of Crabtree Machining...
Question 2 (of 2 5.00 points The following balances are trom the accounts of Crabtree Machining Company Direct materials inventory Work in-process inventory Finished goods inventory $ 99,800 111,200 107,600 44,800 108,500 44,200 Direct materials purchased during the year amount to $517,600, and the cost of goods sold for the year was $1,870,000. Required: Prepare a cost of goods sold statement Cost of Goods Sold Statement r the Year work-in-process inventory 108,500 Manufacturing costs Direct materials S 99 Beginning 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...
The following balances are from the accounts of Crabtree Machining Company January December 31 Direct materials inventory Work-in-process inventory Finished goods inventory (Beginning) (Ending) 115,200 141,600 134,400 108,000 139,200 117,120 Direct materials purchased during the year amount to $717,600, and the cost of goods sold for the year was $2,606,880. Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 S 139,200 Beginning work-in-process inventory Manufacturing costs Direct...
The following balances are from the accounts of Crabtree Machining Company: January 1 December 31 (Beginning) (Ending) $ 97,300 $ 109,400 Direct materials inventory Work-in-process inventory Finished goods inventory 109,100 42,400 105,900 44,600 Direct materials purchased during the year amount to $516,800, and the cost of goods sold for the year was $1,875,000 Required Prepare a cost of goods sold statement. CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 eginning work-in-process inventory Manufacturing costs...
The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning) (Ending) Direct materials inventory Work-in-process inventory Finished goods inventory $ 97,300 $ 109,400 105,900 44,600 109,100 42,400 Direct materials purchased during the year amount to $516,800, and the cost of goods sold for the year was $1,875,000 Required Prepare a cost of goods sold statement. CRAB TREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials...
please make numbers and answers readable
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods Inventory January 1 (Beginning) $ 99,500 108,700 45,800 December 31 (Ending) $ 111,200 106,200 43,400 Direct materials purchased during the year amount to $513,200, and the cost of goods sold for the year was $1.865,000 Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21.800 32,800 5,800 December 31 KEnding) $ 24,600 28,900 6,700 Direct materials used during the year amount to $45,500 and the cost of goods sold for the year was $53,100. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials:...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,500 32,900 5,800 December 31 (Ending) $ 25,200 28,800 7,000 Direct materials used during the year amount to $46,200 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. 32,900 TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct...
The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,600 32,200 5,000 December 31 (Ending) $ 24,600 28,800 7,500 Direct materials used during the year amount to $46,500 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
please
bold numbers to make answers clear. thank u
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 99,500 108,700 45,800 December 31 (Ending) $ 111,200 106,200 43,400 Direct materials purchased during the year amount to $513,200, and the cost of goods sold for the year was $1,865,000 Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the...
Question 2 (of 2 5.00 points The following balances are trom the accounts of Crabtree Machining Company Direct materials inventory Work in-process inventory Finished goods inventory $ 99,800 111,200 107,600 44,800 108,500 44,200 Direct materials purchased during the year amount to $517,600, and the cost of goods sold for the year was $1,870,000. Required: Prepare a cost of goods sold statement Cost of Goods Sold Statement r the Year work-in-process inventory 108,500 Manufacturing costs Direct materials S 99 Beginning Inventory...
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