What was the balance in Finished Goods Inventory at the end of the year?
Homework Answers
Calculate ending finished goods inventory
| Beginning balance | 21100 |
| Job A-15 | 68000 |
| Total Cost | 89100 |
So answer is d) $89100 debit balance
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What was the balance in Finished Goods Inventory at the end of
the year?
On January...
On January 1 Primary Manufacturing had a beginning balance in Work-in - Process Inventory of $81,600...
On January 1 Primary Manufacturing had a beginning balance in Work-in - Process Inventory of $81,600 and a beginning balance in Finished Goods Inventory of $22,000. During the year, Primary incurred manufacturing costs of $350,000. In addition, the following transactions occurred during the year: Job A-12 was completed for a total cost of $128,000 and was sold for $125,000. Job A-13 was completed for a total cost of $201,000 and was sold for $211,000. Job A-15 was completed for a...
12. On January 1 Primary Manufacturing had a beginning balance in Work - in - Process...
12. On January 1 Primary Manufacturing had a beginning balance in Work - in - Process Inventory of $81,900 and a beginning balance in Finished Goods Inventory of $20,000. During the year, Primary incurred manufacturing costs of $350,000 In addition, the following transactions occurred during the year: Job A-12 was completed for a total cost of $129,000 and was sold for $128,000. Job A-13 was completed for a total cost of $202,000 and was sold for $212,000. Job A-15 was...
On January 1, Frederic Manufacturing had a beginning balance in Work in Process inventory of $164.000...
On January 1, Frederic Manufacturing had a beginning balance in Work in Process inventory of $164.000 and a beginning balance in Finished Goods Inventory of $25.000 During the year Frederic incurred manufacturing costs of 5201,000 During the year the following transactions occurred Job was completed for a stal cost of $140 000 and was sold for 5158000 Job was completed for a total cost of $184000 and was sold for 5211 000 Job was compared for a cout 101.000 was...
Romeo Corporation reports the following for the year, Finished goods inventory, January 1 Finished goods inventory,...
Romeo Corporation reports the following for the year, Finished goods inventory, January 1 Finished goods inventory, December 31 Total cost of goods sold $ 3,200 4,000 14,200 The cost of goods manufactured for the year is: $21,400. $11,000 O $15,000 $17,400 $10,200. --$7.000.000 2 pts A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32,500, and an ending finished goods inventory of $17,800. The cost of goods sold...
On January 1, Frederic Manufacturing had a beginning balance in Workminus−inminus−Process Inventory of $ 163 comma...
On January 1, Frederic Manufacturing had a beginning balance in Workminus−inminus−Process Inventory of $ 163 comma 000$163,000 and a beginning balance in Finished Goods Inventory of $ 20 comma 000$20,000. During the year, Frederic incurred manufacturing costs of $ 202 comma 000$202,000. During the year, the following transactions occurred: Job Cminus−62 was completed for a total cost of $ 140 comma 000$140,000 and was sold for $ 155 comma 000$155,000. Job Cminus−63 was completed for a total cost of $...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Job x32Z 5,100 $ $ Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May eu 8,200 2,100 4,100 100 0 45 In May, overhead was...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Job X32Z 6.000 $ $ Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May 9.000 3.000 5.000 200 80 In May, overhead was overapplied by...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Job X32Z 5,400 Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May ਬੀਬੀ ਬੀ ਸੀ 7,600 2,400 4,400 110 In May, overhead was overapplied by...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Job X322 5,300 A A A Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May 5,600 2,300 4,300 125 A 55 In May, overhead was...
Morrow Corporation had only one job in process during May-Job X322-and had no finished goods inventory...
Morrow Corporation had only one job in process during May-Job X322-and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below. Job X322 $ 5,300 Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May $ $ $ 5,600 2,300 4,300 125 @ 55 In May, overhead...
On January 1 Primary Manufacturing had a beginning balance in Work-in - Process Inventory of $81,600 and a beginning balance in Finished Goods Inventory of $22,000. During the year, Primary incurred manufacturing costs of $350,000. In addition, the following transactions occurred during the year: Job A-12 was completed for a total cost of $128,000 and was sold for $125,000. Job A-13 was completed for a total cost of $201,000 and was sold for $211,000. Job A-15 was completed for a...
12. On January 1 Primary Manufacturing had a beginning balance in Work - in - Process Inventory of $81,900 and a beginning balance in Finished Goods Inventory of $20,000. During the year, Primary incurred manufacturing costs of $350,000 In addition, the following transactions occurred during the year: Job A-12 was completed for a total cost of $129,000 and was sold for $128,000. Job A-13 was completed for a total cost of $202,000 and was sold for $212,000. Job A-15 was...
On January 1, Frederic Manufacturing had a beginning balance in Work in Process inventory of $164.000 and a beginning balance in Finished Goods Inventory of $25.000 During the year Frederic incurred manufacturing costs of 5201,000 During the year the following transactions occurred Job was completed for a stal cost of $140 000 and was sold for 5158000 Job was completed for a total cost of $184000 and was sold for 5211 000 Job was compared for a cout 101.000 was...
Romeo Corporation reports the following for the year, Finished goods inventory, January 1 Finished goods inventory, December 31 Total cost of goods sold $ 3,200 4,000 14,200 The cost of goods manufactured for the year is: $21,400. $11,000 O $15,000 $17,400 $10,200. --$7.000.000 2 pts A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32,500, and an ending finished goods inventory of $17,800. The cost of goods sold...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Job x32Z 5,100 $ $ Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May eu 8,200 2,100 4,100 100 0 45 In May, overhead was...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Job X32Z 6.000 $ $ Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May 9.000 3.000 5.000 200 80 In May, overhead was overapplied by...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Job X32Z 5,400 Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May ਬੀਬੀ ਬੀ ਸੀ 7,600 2,400 4,400 110 In May, overhead was overapplied by...
Morrow Corporation had only one job in process during May-Job X322—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below: Job X322 5,300 A A A Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May 5,600 2,300 4,300 125 A 55 In May, overhead was...
Morrow Corporation had only one job in process during May-Job X322-and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below. Job X322 $ 5,300 Beginning balance Charged to the job during May Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of May Units sold during May $ $ $ 5,600 2,300 4,300 125 @ 55 In May, overhead...
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