Homework Answers
Answer :-
a. Cost of goods sold = $1,115,000 - $301,100 = $813,900
b.Direct Materials Cost =$568,700-$41,300-$41,300 =$486,100
c. Direct Labor Cost = $1,231,000 - $486,100 - $19,000 - $100,400 = $625,500
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Cost Flow Relationships The following information is available for the first year of operations of Engle...
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Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from materials ledger are as follows: Fabric $22,300 Polyester filling 6,700 Lumber 50,000 Glue 2,100 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $114,800 Polyester filling 159,600 Lumber 314,600 Glue 10,900 Materials were requisitioned to individual Jobs as follows: Polyester Fabric Lumber Glue Total Filling $41,300 Job 601 $52,000 $139,200 $232,500...
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GenX Furnishings Company manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $27,800 Polyester filling 8,300 Lumber 62,300 Glue 2,700 The materials purchased during June are summarized from the receiving reports as follows: Fabric $137,600 Polyester filling 191,300 Lumber 377,000 Glue 13,100 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $49,500 $62,400 $166,800 $278,700 Job 602 38,100 67,800...
Entries for Materials Kingsford Furnishings Company manufactures designer furniture Kingsford Furnishings uses a job order cost...
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Entries for Materials GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system....
Entries for Materials GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $29,300 Polyester filling 8,800 Lumber 65,600 Glue 2,800 The materials purchased during June are summarized from the receiving reports as follows: Fabric $148,000 Polyester filling 205,700 Lumber 405,500 Glue 14,100 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $56,200 $70,800 $189,400 $316,400 Job 602...
Entries for Materials GenX Furnishings Company manufactures designer furniture. GenX Furnishings uses a job order cost...
Entries for Materials GenX Furnishings Company manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $21,800 Polyester filling 6,500 Lumber 48,800 Glue 2,100 The materials purchased during June are summarized from the receiving reports as follows: Fabric $107,000 Polyester filling 148,700 Lumber 293,200 Glue 10,200 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $40,700 $51,300 $137,200 $229,200 Job...
Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on...
Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $27,300 Polyester filling 8,200 Lumber 61,200 Glue 2,600 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $137,000 Polyester filling 190,400 Lumber 375,400 Glue 13,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $50,700 $63,900 $170,900 $285,500 Job 602...
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost...
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $26,800 Polyester filling 8,000 Lumber 60,000 Glue 2,600 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $134,300 Polyester filling 186,700 Lumber 368,000 Glue 12,800 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $48,300 $60,900 $162,800...
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Entries for Materials Kingsford Furnishings Company manufactures designer furniture, Kingsford Furnishings uses a job order cost wystem. Balances on April 1 from the materials ledger are as follows: Fabric $19,800 Polyester filling 5,900 Lumber 44,400 1,900 The materials purchased during April on accountare summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue 399.600 138,400 272,900 9,500 Materials were requisitioned to individual jobs as follows: Fabric Polyester Fling Lumber Glue Total Job 601 Job 602 Job 603 Factory...
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Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost...
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $23,100 Polyester filling 6,900 Lumber 51,700 Glue 2,200 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric Polyester filling $114,300 158,900 313,200 10,900 Lumber Glue Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 Job 602 Job...
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Entries for Materials Kingsford Furnishings Company manufactures designer furniture Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows $22.400 Fabric Polyester filing Lumber 6,700 50,200 Gle 2200 The materials purchased during April on account are d from the receiving reports as follows Fabric Polyester filling $112.000 155,700 306,900 Lumber Glue 10600 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filing Lumber Glue Total $52,200 $41,400 31,900 29.400 $139,500...
Entries for Materials Kingsford Furnishings Company manufactures designer furniture, Kingsford Furnishings uses a job order cost wystem. Balances on April 1 from the materials ledger are as follows: Fabric $19,800 Polyester filling 5,900 Lumber 44,400 1,900 The materials purchased during April on accountare summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue 399.600 138,400 272,900 9,500 Materials were requisitioned to individual jobs as follows: Fabric Polyester Fling Lumber Glue Total Job 601 Job 602 Job 603 Factory...
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