The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
Homework Answers
Calculate ending work in process
| Beginning work in process | 35000 |
| Direct material used | 255000 |
| Direct labor | 150000 |
| Overhead assigned | 300000 |
| Less: Cost of finished goods | -703000 |
| Ending work in process | 37000 |
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The following information was taken from the accounting
records of Fessler Tool Corporation.
Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 255,000 Direct labor cost applied to production 135,000 Cost of finished goods manufactured 688,750 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
The following information was taken from the accounting records of Fessler Tool Corporation. $ Work in...
The following information was taken from the accounting records of Fessler Tool Corporation. $ Work in process inventory, beginning of the year Cost of direct materials used Direct labor cost applied to production Cost of finished goods manufactured 35,000 260,000 145,000 703,000 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end. Ending work in process inventory
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 245,000 Direct labor cost applied to production 145,000 Cost of finished goods manufactured 688,750 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 250,000 Direct labor cost applied to production 125,000 Cost of finished goods manufactured 674,500 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process...
The following information was taken from the accounting records of Fessler Tool Corporation. Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 270,000 Direct labor cost applied to production 140,000 Cost of finished goods manufactured 707,750 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end.
The following data has been taken from the accounting records of Chase Corporation for the year...
The following data has been taken from the accounting records of Chase Corporation for the year ended 2019: Sales $930,000 Raw materials inventory, beginning $70,000 Raw materials inventory, ending $40,000 Raw materials, purchases $190,000 Direct labor $150,000 Manufacturing overhead $210,000 Administrative expenses $95,000 Selling expenses $120,000 Work in process inventory, beginning $80,000 Work in process inventory, ending $75,000 Finished goods inventory, beginning $90,000 Finished goods inventory, ending $140,000 Use the data to answer...
1. (9 points) The following data have been taken from the accounting records of Larder Corporation...
1. (9 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year. Sales. Purchases of raw materials ........... Direct labor Applied Manufacturing overhead. Administrative expenses.................... Selling expenses .... Raw materials inventory, beginning....... Raw materials inventory, ending....... Work in process inventory, beginning...... Work in process inventory, ending.... Finished goods inventory, beginning.... Finished goods inventory, ending. $1,900,000 $320,000 $355,000 $340,000 $325,000 $210,000 $140,000 $190,000 $115,000 $150,000 $175,000 $140,000 Required: a. Prepare a Schedule...
The following data from the just completed year are taken from the accounting records of Eccles...
The following data from the just completed year are taken from the accounting records of Eccles Company: Sales Direct labour cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 769,000 108,000 150,000 118,000 61,000 228,000 256,000 Inventories: Raw materials Work in process Finished goods Beginning of Year $ 9,800 6,800 71,800 End of Year $11,800 21,800 26,800 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all...
The following data from the just completed year are taken from the accounting records of Mason...
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 $524,000 $ 70,000 $118,000 $140,000 $ 63,000 $ 90,000 $ 80,000 Inventories Raw materials Work in process Finished goods Beginning $ 7,000 $ 10,000 $ 20,000 $ $ $ Ending 15,000 5,000 35,000 Required: 1. Prepare a schedule of cost of...
The following data from the just completed year are taken from the accounting records of Mason...
The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 524,000 Direct labor cost $ 70,000 Raw material purchases $ 118,000 Selling expenses $ 140,000 Administrative expenses $ 63,000 Manufacturing overhead applied to work in process $ 90,000 Actual manufacturing overhead costs $ 80,000 Inventories Beginning Ending Raw materials $ 7,000 $ 15,000 Work in process $ 10,000 $ 5,000 Finished goods $ 20,000 $ 35,000 Required: 1. Prepare a...
The following information was taken from the accounting records of Fessler Tool Corporation. $ Work in process inventory, beginning of the year Cost of direct materials used Direct labor cost applied to production Cost of finished goods manufactured 35,000 260,000 145,000 703,000 Overhead assigned to production was $300,000. Compute the amount of the work in process inventory on hand at year-end. Ending work in process inventory
1. (9 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year. Sales. Purchases of raw materials ........... Direct labor Applied Manufacturing overhead. Administrative expenses.................... Selling expenses .... Raw materials inventory, beginning....... Raw materials inventory, ending....... Work in process inventory, beginning...... Work in process inventory, ending.... Finished goods inventory, beginning.... Finished goods inventory, ending. $1,900,000 $320,000 $355,000 $340,000 $325,000 $210,000 $140,000 $190,000 $115,000 $150,000 $175,000 $140,000 Required: a. Prepare a Schedule...
The following data from the just completed year are taken from the accounting records of Eccles Company: Sales Direct labour cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 769,000 108,000 150,000 118,000 61,000 228,000 256,000 Inventories: Raw materials Work in process Finished goods Beginning of Year $ 9,800 6,800 71,800 End of Year $11,800 21,800 26,800 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all...
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 $524,000 $ 70,000 $118,000 $140,000 $ 63,000 $ 90,000 $ 80,000 Inventories Raw materials Work in process Finished goods Beginning $ 7,000 $ 10,000 $ 20,000 $ $ $ Ending 15,000 5,000 35,000 Required: 1. Prepare a schedule of cost of...
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