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Use the following information to compute the cost of direct materials used for the current year....
5 Use the following information to compute the cost of direct materials used for the current...
5 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials Inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 12.5 points Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7,500 13,600 9,300 $ 10,000 10,600 7,500 eBook References $130,000 102,300 41,400 Cost of Direct Material Used is Computed...
8 Use the following information to compute the cost of direct materials used for the current...
8 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) 125 points January 1 December 31 $ 7,500 13,800 9.400 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 11,200 9,800 6,600 eBook References $129,000 101,600 41,100 Cont of Direct Material Used is Computed...
seved Use the following information to compute the cost of direct materials used for the current...
seved Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7.400 13.800 10.700 8.100 11.600 6.800 $138.000 104.400 41. 100 Cost of Direct Material Used is Computed as: Raw materials...
Check my work 9. Use the following information to compute the cost of direct materials used...
Check my work 9. Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 6,000 12,000 8,500 $ 7,500 9,000 5,500 points ellook $123,500 94,000 39,000 Hin Print Reteronces Cost of Direct...
Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct...
Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, beginning Work in process, ending $ 242,500 73,000 28,000 160,000 144, 250 Barton Company Schedule of Cost of Goods Manufactured Total manufacturing costs Total cost of work in process Cost of goods manufactured $ Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct materials used for the current year. Assume the Raw Materials Inventory account is used only for direct materials January 1 December 31 Imentories Raw materials inventory $ 6,000 7,500 Work in process inventory 12,000 9,000 Finished goods inventory 8.500 5,500 Actility during current year Materials purchased. $123,500 Direct labor... 94.000 Factory overhead... 39.000 QS 18-13 Trends in managerial accounting C6 1192
Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials...
Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials purchases $ Raw materials inventory, December 31, 2018 984,000 165,000 1,149,000 $ 1,149,000 Raw materials available for use Less: Raw materials inventory, December 31, 2019 Direct materials used Finished goods, December 31, 2019 Factory overhead Depreciation expense---Factory equipment Factory supervision Factory supplies used Factory utilities Indirect labor Maintenance expense--Factory equipment Miscellaneous production costs Rent expense-Factory building ces 0 1,149,000 Total factory overhead...
31) Asteroid Industries accumulated the following cost information for the year: Direct materials Indirect materials Indirect...
31) Asteroid Industries accumulated the following cost information for the year: Direct materials Indirect materials Indirect labor Factory depreciation $16,000 4,000 8,500 12,800 37,000 Direct labor Using the above information, total factory A) $53,000. B) $25,300. e above information total factory overhead costs would be: C) $78,300. D) $16,800. E) $12,800 ne overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: A) Work in Process Inventory. B) Cost...
Required information The following information applies to the questions displayed below.] The following calendar year-end information...
Required information The following information applies to the questions displayed below.] The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expenso-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories s 682, 700 276, 700 59, 800 12,000 61,000 929, 000 29,000 26,300 90, 600 38, 000 4,526, 400 393, 400 $ 25, 900 Direct labor 7,900 Income taxes...
Required information The following information applies to the questions displayed below.] The following calendar year-end information...
Required information The following information applies to the questions displayed below.] The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expenso-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories s 682, 700 276, 700 59, 800 12,000 61,000 929, 000 29,000 26,300 90, 600 38, 000 4,526, 400 393, 400 $ 25, 900 Direct labor 7,900 Income taxes...
5 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials Inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 12.5 points Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7,500 13,600 9,300 $ 10,000 10,600 7,500 eBook References $130,000 102,300 41,400 Cost of Direct Material Used is Computed...
8 Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) 125 points January 1 December 31 $ 7,500 13,800 9.400 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 11,200 9,800 6,600 eBook References $129,000 101,600 41,100 Cont of Direct Material Used is Computed...
seved Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 $ Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7.400 13.800 10.700 8.100 11.600 6.800 $138.000 104.400 41. 100 Cost of Direct Material Used is Computed as: Raw materials...
Check my work 9. Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 6,000 12,000 8,500 $ 7,500 9,000 5,500 points ellook $123,500 94,000 39,000 Hin Print Reteronces Cost of Direct...
Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, beginning Work in process, ending $ 242,500 73,000 28,000 160,000 144, 250 Barton Company Schedule of Cost of Goods Manufactured Total manufacturing costs Total cost of work in process Cost of goods manufactured $ Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory...
QS 18-12 Direct materials used P2 Use the following information to compute the cost of direct materials used for the current year. Assume the Raw Materials Inventory account is used only for direct materials January 1 December 31 Imentories Raw materials inventory $ 6,000 7,500 Work in process inventory 12,000 9,000 Finished goods inventory 8.500 5,500 Actility during current year Materials purchased. $123,500 Direct labor... 94.000 Factory overhead... 39.000 QS 18-13 Trends in managerial accounting C6 1192
Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials purchases $ Raw materials inventory, December 31, 2018 984,000 165,000 1,149,000 $ 1,149,000 Raw materials available for use Less: Raw materials inventory, December 31, 2019 Direct materials used Finished goods, December 31, 2019 Factory overhead Depreciation expense---Factory equipment Factory supervision Factory supplies used Factory utilities Indirect labor Maintenance expense--Factory equipment Miscellaneous production costs Rent expense-Factory building ces 0 1,149,000 Total factory overhead...
31) Asteroid Industries accumulated the following cost information for the year: Direct materials Indirect materials Indirect labor Factory depreciation $16,000 4,000 8,500 12,800 37,000 Direct labor Using the above information, total factory A) $53,000. B) $25,300. e above information total factory overhead costs would be: C) $78,300. D) $16,800. E) $12,800 ne overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: A) Work in Process Inventory. B) Cost...
Required information The following information applies to the questions displayed below.] The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expenso-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories s 682, 700 276, 700 59, 800 12,000 61,000 929, 000 29,000 26,300 90, 600 38, 000 4,526, 400 393, 400 $ 25, 900 Direct labor 7,900 Income taxes...
Required information The following information applies to the questions displayed below.] The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expenso-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories s 682, 700 276, 700 59, 800 12,000 61,000 929, 000 29,000 26,300 90, 600 38, 000 4,526, 400 393, 400 $ 25, 900 Direct labor 7,900 Income taxes...
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