2-42) Prepare Statements for a Manufacturing Company The following balances are from the accounts of Crabtree...
The following balances are from the accounts of Crabtree Machining Company January December 31 Direct materials inventory Work-in-process inventory Finished goods inventory (Beginning) (Ending) 115,200 141,600 134,400 108,000 139,200 117,120 Direct materials purchased during the year amount to $717,600, and the cost of goods sold for the year was $2,606,880. Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 S 139,200 Beginning work-in-process inventory Manufacturing costs Direct...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 98,200 107,500 42,000 December 31 (Ending) $ 110,500 107,800 43,200 Direct materials purchased during the year amount to $517,200, and the cost of goods sold for the year was $1,855,000 Required: Prepare a cost of goods sold statement. CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning finished goods inventory Manufacturing...
The following balances are from the accounts of Crabtree Machining Company: January 1 December 31 (Beginning) (Ending) $ 97,300 $ 109,400 Direct materials inventory Work-in-process inventory Finished goods inventory 109,100 42,400 105,900 44,600 Direct materials purchased during the year amount to $516,800, and the cost of goods sold for the year was $1,875,000 Required Prepare a cost of goods sold statement. CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 eginning work-in-process inventory Manufacturing costs...
The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning) (Ending) Direct materials inventory Work-in-process inventory Finished goods inventory $ 97,300 $ 109,400 105,900 44,600 109,100 42,400 Direct materials purchased during the year amount to $516,800, and the cost of goods sold for the year was $1,875,000 Required Prepare a cost of goods sold statement. CRAB TREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials...
please make numbers and answers readable The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods Inventory January 1 (Beginning) $ 99,500 108,700 45,800 December 31 (Ending) $ 111,200 106,200 43,400 Direct materials purchased during the year amount to $513,200, and the cost of goods sold for the year was $1.865,000 Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December...
The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 98,600 109,300 42,300 December 31 (Ending) $ 109,500 107,400 45,100 Direct materials purchased during the year amount to $514,200, and the cost of goods sold for the year was $1,865,000 Required: Prepare a cost of goods sold statement. $ 109,300 CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory...
Question 2 (of 2 5.00 points The following balances are trom the accounts of Crabtree Machining Company Direct materials inventory Work in-process inventory Finished goods inventory $ 99,800 111,200 107,600 44,800 108,500 44,200 Direct materials purchased during the year amount to $517,600, and the cost of goods sold for the year was $1,870,000. Required: Prepare a cost of goods sold statement Cost of Goods Sold Statement r the Year work-in-process inventory 108,500 Manufacturing costs Direct materials S 99 Beginning Inventory...
please bold numbers to make answers clear. thank u The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 99,500 108,700 45,800 December 31 (Ending) $ 111,200 106,200 43,400 Direct materials purchased during the year amount to $513,200, and the cost of goods sold for the year was $1,865,000 Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the...
(2-37. Prepare Statements for a Manufacturing Company The following balances are from the accounts of Tappan Parts. January 1 (Beginning) December 31 (Ending) Direct materials inventory Work-in-process inventory ... Finished goods inventory. $ 962,000 1,354,000 312,000 $ 884,000 1,430,000 364,000 Direct materials used during the year amount to $1,196,000 and the cost of goods sold for the year was $1,378,000 Required Find the following by completing a cost of goods sold statement. (I. Cost of direct materials purchased during the...
The following balances are from the accounts of Tappan Parts January 1 Direct materials inventory Work-in-process inventory Finished goods inventory $ 22,400 32,200 5,209 December 31 (Endint) $ 24,889 29,200 6,600 Direct materials used during the year amount to $45,700 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement. Manufacturing costs Direct materials Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Required:...