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14) The records for the previous year for Sarasota Boat Builders, Inc., shows the following data:...
10) The records for the previous year for Sarasota Boat Builders, Inc. show the following data:...
10) The records for the previous year for Sarasota Boat Builders, Inc. show the following data: Selling and administrative expenses $ 300,000 Direct materials used 530,000 Direct labor (100,000 hours) 600,000 Factory overhead predetermined overhead rate per Direct Labor Hour Inventories Beginning Ending Work in process $ 150,000 $ 160,000 Finished goods $ 80,000 $ 50,000 The cost of goods sold is: a) $ 1,630,000 b) $ 1,880,000 c) $ 1,600,000 d) $ 1,650,000
10) The records for the previous year for Sarasota Boat Builders, Inc. show the following data:...
10) The records for the previous year for Sarasota Boat Builders, Inc. show the following data: Selling and administrative expenses $300.000 Direct materials used 530,000 Direct labor (100,000 hours) 600,000 Factory overhead predetermined overhead rate $5 per Direct Labor Hour Inventories Ending Work in process Finished goods Beginning 5.150.000. $.80,000 ............. .$.160,000 .....50.000 The cost of goods sold is: a) $ 1,630,000 b) $1,880,000 c) $1,600,000. d) $ 1,650,000.
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used...
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75.000 90.000 Finished goods 40,000 25,000 Refer to Figure 2-14. What is the cost of goods manufactured? Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 90,000 75,000 40,000 25,000 Finished goods Refer to Figure 2-14. What is the cost...
6. The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials...
6. The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75,000 90,000 Finished goods 40,000 25,000 What is the cost of goods sold? (4 Points) a. $565,000 b. $950,000 c. $965,000 d. S980.000
prepare a statement of cost of goods manufactured Statement of Cost of Goods Manufactured The following...
prepare a statement of cost of
goods manufactured
Statement of Cost of Goods Manufactured The following data relate to the Denver Company's operations for the year ended December 31, 20XX: Direct materials purchases ............................ $100,000 Indirect material usage........................ 10,000 Indirect labor........ 10,000 Direct labor.. 300,000 Sales salaries ...................... 100,000 Administrative salaries.................. 50,000 Factory water and electricity ................. 20,000 Advertising expenses....................... 60,000 Depreciation-sales and general office ............. 40,000 Depreciation-factory ........... 50,000 Beginning Inventories: Direct materials. $20,000 Work-in-process .... 60,000 Finished goods.....
Roprin Corp. accounting records reflect the following inventories: Raw material inventory for Dec 31, 2007 $260,000...
Roprin Corp. accounting records reflect the following inventories: Raw material inventory for Dec 31, 2007 $260,000 Raw material inventory for Dec 31, 2008 $310,000 WIP Inventory for Dec 31, 2007 $160,000 WIP Inventory for Dec 31, 2008 $300,000 Finished Goods inventory for Dec 31, 2007 $150,000 Finished Goods inventory for Dec 31, 2008 $190,000 During 2008, $500,000 of raw materials were purchased, direct labor costs amounted to $600,000, and manufacturing overhead incurred was $480,000. The total raw materials available for...
PROBLEMS Problem 6-1 (IAA) Masay Company provided the following information for 2019: Sales 7,500,000 Inventories -...
PROBLEMS Problem 6-1 (IAA) Masay Company provided the following information for 2019: Sales 7,500,000 Inventories - January 1: Raw materials 200,000 Goods in process 240,000 Finished goods 360,000 Inventories - December 31: Raw materials 280,000 Goods in process 170,000 Finished goods 300,000 Purchases 3,000,000 Direct labor 950,000 Indirect labor 250,000 Superintendence 210,000 Light, heat and power 320,000 Rent - factory building 120,000 Repair and maintenance - machinery 50,000 Factory supplies used 110,000 Sales salaries 400,000 Advertising 160,000 Depreciation - store...
5. The records of Bentler Shoppers, Inc. for December 2018 shows the following information: Sales $2,050,000...
5. The records of Bentler Shoppers, Inc. for December 2018 shows the following information: Sales $2,050,000 Selling and administrative expenses 250,000 Direct materials purchases 205,000 Direct labor 298 000 Factory overhead 350,000 Direct materials, December 1 50,000 Work-in-process, December 1 85,000 Finished goods, December 1 64,000 Direct materials, December 31 41.000 Work-in-process, December 31 72.000 Finished goods, December 31 55,000 The net income for the month of December is: (4 Points) $875,000 $916,000 S884,000 $770,000.
8/9 i dont understand Manufacturing Company's accounting records reflect the following inventories: Dec 31, 2011 Dec...
8/9 i dont understand
Manufacturing Company's accounting records reflect the following inventories: Dec 31, 2011 Dec 31, 2010 $260.000 Raw materials inventory $310,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2011, 5400,000 of raw materials were purchased, direct labor costs amounted to 300,000, and manufacturing overhead incurred was $480,000. The total raw materials available for use during 2011 for Dolan Manufacturing Company is a. $710,000 b. $260,000. c. $350,000 d. $660,000. 9. Dolan Manufacturing Company's...
The following information has been taken from the accounting records of Klear-Seal Company for last year....
The following information has been taken from the accounting records of Klear-Seal Company for last year. Selling expenses 140,000 Raw materials inventory, January 1 90,000 Raw materials inventory, December 31 60,000 Utilities, factory 36,000 Direct labour cost 150,000 Depreciation, factory 162,000 Purchases of raw materials 750,000 Sales 2,500,000 Insurance, factory 40,000 Supplies, factory 15,000 Administrative expenses 270,000 Indirect labour 300,000 Maintenance, factory 87,000 Work in process...
10) The records for the previous year for Sarasota Boat Builders, Inc. show the following data: Selling and administrative expenses $ 300,000 Direct materials used 530,000 Direct labor (100,000 hours) 600,000 Factory overhead predetermined overhead rate per Direct Labor Hour Inventories Beginning Ending Work in process $ 150,000 $ 160,000 Finished goods $ 80,000 $ 50,000 The cost of goods sold is: a) $ 1,630,000 b) $ 1,880,000 c) $ 1,600,000 d) $ 1,650,000
10) The records for the previous year for Sarasota Boat Builders, Inc. show the following data: Selling and administrative expenses $300.000 Direct materials used 530,000 Direct labor (100,000 hours) 600,000 Factory overhead predetermined overhead rate $5 per Direct Labor Hour Inventories Ending Work in process Finished goods Beginning 5.150.000. $.80,000 ............. .$.160,000 .....50.000 The cost of goods sold is: a) $ 1,630,000 b) $1,880,000 c) $1,600,000. d) $ 1,650,000.
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75.000 90.000 Finished goods 40,000 25,000 Refer to Figure 2-14. What is the cost of goods manufactured? Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 90,000 75,000 40,000 25,000 Finished goods Refer to Figure 2-14. What is the cost...
6. The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application rate $16 per DLH Inventories Beginning Ending Direct materials $50,000 $45,000 Work in process 75,000 90,000 Finished goods 40,000 25,000 What is the cost of goods sold? (4 Points) a. $565,000 b. $950,000 c. $965,000 d. S980.000
prepare a statement of cost of
goods manufactured
Statement of Cost of Goods Manufactured The following data relate to the Denver Company's operations for the year ended December 31, 20XX: Direct materials purchases ............................ $100,000 Indirect material usage........................ 10,000 Indirect labor........ 10,000 Direct labor.. 300,000 Sales salaries ...................... 100,000 Administrative salaries.................. 50,000 Factory water and electricity ................. 20,000 Advertising expenses....................... 60,000 Depreciation-sales and general office ............. 40,000 Depreciation-factory ........... 50,000 Beginning Inventories: Direct materials. $20,000 Work-in-process .... 60,000 Finished goods.....
PROBLEMS Problem 6-1 (IAA) Masay Company provided the following information for 2019: Sales 7,500,000 Inventories - January 1: Raw materials 200,000 Goods in process 240,000 Finished goods 360,000 Inventories - December 31: Raw materials 280,000 Goods in process 170,000 Finished goods 300,000 Purchases 3,000,000 Direct labor 950,000 Indirect labor 250,000 Superintendence 210,000 Light, heat and power 320,000 Rent - factory building 120,000 Repair and maintenance - machinery 50,000 Factory supplies used 110,000 Sales salaries 400,000 Advertising 160,000 Depreciation - store...
5. The records of Bentler Shoppers, Inc. for December 2018 shows the following information: Sales $2,050,000 Selling and administrative expenses 250,000 Direct materials purchases 205,000 Direct labor 298 000 Factory overhead 350,000 Direct materials, December 1 50,000 Work-in-process, December 1 85,000 Finished goods, December 1 64,000 Direct materials, December 31 41.000 Work-in-process, December 31 72.000 Finished goods, December 31 55,000 The net income for the month of December is: (4 Points) $875,000 $916,000 S884,000 $770,000.
8/9 i dont understand
Manufacturing Company's accounting records reflect the following inventories: Dec 31, 2011 Dec 31, 2010 $260.000 Raw materials inventory $310,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2011, 5400,000 of raw materials were purchased, direct labor costs amounted to 300,000, and manufacturing overhead incurred was $480,000. The total raw materials available for use during 2011 for Dolan Manufacturing Company is a. $710,000 b. $260,000. c. $350,000 d. $660,000. 9. Dolan Manufacturing Company's...
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