BRIEF EXERCISE 2-6 Prepare Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO6)...
Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 655,000 Direct labor cost $ 82,000 Raw material purchases $ 139,000 Selling expenses $ 101,000 Administrative expenses $ 48,000 Manufacturing overhead applied to work in process $ 204,000 Actual manufacturing overhead costs $ 228,000 Inventories Beginning Ending Raw materials $ 8,000 $ 10,800 Work...
Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 650,000 Direct labor cost $ 87,000 Raw material purchases $ 136,000 Selling expenses $ 104,000 Administrative expenses $ 46,000 Manufacturing overhead applied to work in process $ 200,000 Actual manufacturing overhead costs $ 226,000 Inventories Beginning Ending Raw materials $ 8,800 $ 11,000 Work...
Exercise 3-6 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3) The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 659,000 $ 86,000 $ 132,000 $ 104,000 $ 43,000 $207,000 $ 225,000 Inventories Raw materials Work in process Finished goods Beginning Ending $ 8,100...
Chapter 3 Homework Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3) Primare Corporation has provided the following data concerning last month's manufacturing operations. points eBook Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $32,000 $ 4,600 $58,700 $98,500 $ 4,100 Hint Reference Inventories beginning Ending Raw materials $10,300 $18,500 Work in $55,100 $65,400 process Finished $34,700 $43,000 goods Required: 1. Prepare...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,860 Direct labor $ 58,800 Manufacturing overhead applied to work in process $ 88,600 Underapplied overhead $ 4,070 Inventories Beginning Ending Raw materials $ 10,700 $ 19,400 Work in process $ 55,500 $ 66,300 Finished goods $ 34,300 $ 43,500 Required:...
EXERCISE 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold LO3-3 Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials. Indirect materials included in manufacturing overhead Direct labor........... Manufacturing overhead applied to work in process... Underapplied overhead.. $30,000 $5,000 $58,000 $87,000 $4,000 Inventories Raw materials. Work in process... Finished goods Beginning $12,000 $56,000 $35,000 Ending $18,000 $65,000 $42,000 Required: 1. Prepare a schedule of cost of goods manufactured for the...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold (LO3-3] Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $ 30,000 $ 5,000 $ 58,000 $ 87,000 $ 4,000 Inventories Raw materials Work in process Finished goods Beginning Ending $ 12,000 $18,000 $ 56,000 $ 65,000 $ 35,000 $ 42,000 ods Required:...
Exercise 3-3 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $30,000 $ 4,840 $58,300 $88,700 $ 4,100 Inventories Raw materials Work in process Finished goods Beginning $ 11,600 $ 54,600 $ 33,700 Ending $ 18,900 $ 68,200 $ 42,900 Required: 1. Prepare a...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3) Primare Corporation has provided the following data concerning last month's manufacturing operations. 34 Purchases of raw materials Indirect materials included in manufacturing overhead Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,980 $59,900 $88,800 $ 4,030 Inventories Raw materials Work in process Finished goods Beginning Ending $ 10,100 $ 19,900 $ 54,500 $ 68,800 $34,800 $ 43,000 Required: 1. Prepare a schedule of...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Underapplied overhead $32,000 $ 4,860 $58,900 $88,000 $ 4,100 Inventories Raw materials Work in process Finished goods Beginning $ 10,200 $ 54,000 $ 33,200 $ 33,200 Ending $ 18,300 $ 65,400 $ 43,700 Required: 1....
> you forgot to subtract the indirect materials included in manufacturing overhead. it is 8,000
Mairyn Canela Tue, Feb 8, 2022 7:07 AM