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Preparing a Schedule of Cost of Goods Manufactured [L06 - CC11, 12] Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations follow: Beginning raw materials inventory $170,000 Purchases of raw materials 870,000 Ending raw materials inventory 150,000 Direct labour 245.000 Manufacturing overhead 560,000 Beginning work-in-process inventory 210,000 Ending work-in-process inventory 340,000 Required: Prepare in good form a schedule of cost of goods manufactured for the company for the month.
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20 Acromould Fabrication manufactures a variety of products in its factory. Data for the most recent month's operations appear below: Beginning raw materials inventory Purchases of raw materials $ 75,000 582,000 01:07:46 92,400 276,000 483,000 Ending raw materials inventory Direct labour Manufacturing overhead Beginning work in process inventory Ending work in process inventory 237,000 276,600 Required: Prepare a schedule of cost of goods manufactured for the company for the month. ACROMOULD FABRICATION Schedule of Cost of Goods Manufactured For the...
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Mgr. Acct 2123 - Chapter 3 HW (Summer 2020) 1) In a job-order costing system, which of the following events would trigger recording data on a job cost sheet? A) the purchase of direct materials B) the payment of fire insurance on the factory building C) the payment for product advertising D) none of the choices 2) Refer to the T-account below. Manufacturing Overhead 9,000 (2) 167,000 15,000 80,000 30,000 25,000 159,000 167,000 Bal. 8,000 The ending balance of $8,000...
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An analysis of the accounts of KAZ Manufacturing Pty Ltd reveals the following manufacturing cost data for the month ended 30 June 2019. Beginning Ending $ 14000 10000 16 000 $22 200 18000 12 000 Inventories: Raw materials Work in process Finished goods Costs incurred: Raw materials purchases Direct labour Manufacturing overhead Specific overhead costs: Indirect labour Factory insurance Machinery depreciation Machinery repairs Factory utilities Miscellaneous factory costs 128 000 100 000 60 000 31 200 8 000 8 000...
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PART A An analysis of the accounts of KAZ Manufacturing Pty Ltd reveals the following manufacturing cost data for the month ended 30 June 2019. Beginning Ending $ 14000 10000 16000 $22 200 18000 12000 Inventories: Raw materials Work in process Finished goods Costs incurred: Raw materials purchases Direct labour Manufacturing overhead Specific overhead costs: Indirect labour Factory insurance Machinery depreciation Machinery repairs Factory utilities Miscellaneous factory costs 128 000 100 000 60 000 31 200 8000 8000 3600 6200...
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Need the income statement please. amounts and schedule shown
in pics 2, 3, 4.
Prepare the income statement for Crystal Bay Company for the most recent year, using the amounts and the schedule of cost of goods martered below. Asume that the company sold 37.000 units of its product ta price of $14 och during the year Click the been to view the amounts) Click the icon to view the schedule) Income Statement For Last Your Cost fonds sold Operating...
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Classic Sound is a start-up company that produces vinyl records for numerous record labels worldwide. The company has two full-time employees working in the production department while the CEO splits her time 80/20% between developing new business and overseeing the production process. Information taken from the accounting records for the first three months of operations is shown below. Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory Direct labour Manufacturing overhead Beginning work in process inventory Ending...
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Prepare a Schedule of Cost of Goods Manufactured [LO5] Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations appear below: Beginning raw materials inventory $60,000 Purchases of raw material $690,000 Ending raw materials inventory $45,000 $15.00 Select labor $135,000 Manutacturing overhead $370,000 Beginning work in process inventory | $120,000 Ending work in process inventory $130,000 Required: Prepare a schedule of cost of goods manufactured for the company for the month.
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Prepare the income statement for Aqua SourceAqua Source Company,
for the most recent year, using the amounts and the schedule of
cost of goods manufactured below. Assume that the company sold
40,000 units of its product at a price of $15 each during the
year.
Prepare the income statement for Aqua Source Company, for the most recent year, using the amounts and the schedule of cost of goods manufactured below. Assume that the company sold 40,000 units of its product...
Preparing a Schedule of Cost of Goods Manufactured [L06 - CC11, 12] Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations follow: Beginning raw materials inventory $170,000 Purchases of raw materials 870,000 Ending raw materials inventory 150,000 Direct labour 245.000 Manufacturing overhead 560,000 Beginning work-in-process inventory 210,000 Ending work-in-process inventory 340,000 Required: Prepare in good form a schedule of cost of goods manufactured for the company for the month.
20 Acromould Fabrication manufactures a variety of products in its factory. Data for the most recent month's operations appear below: Beginning raw materials inventory Purchases of raw materials $ 75,000 582,000 01:07:46 92,400 276,000 483,000 Ending raw materials inventory Direct labour Manufacturing overhead Beginning work in process inventory Ending work in process inventory 237,000 276,600 Required: Prepare a schedule of cost of goods manufactured for the company for the month. ACROMOULD FABRICATION Schedule of Cost of Goods Manufactured For the...
Mgr. Acct 2123 - Chapter 3 HW (Summer 2020) 1) In a job-order costing system, which of the following events would trigger recording data on a job cost sheet? A) the purchase of direct materials B) the payment of fire insurance on the factory building C) the payment for product advertising D) none of the choices 2) Refer to the T-account below. Manufacturing Overhead 9,000 (2) 167,000 15,000 80,000 30,000 25,000 159,000 167,000 Bal. 8,000 The ending balance of $8,000...
An analysis of the accounts of KAZ Manufacturing Pty Ltd reveals the following manufacturing cost data for the month ended 30 June 2019. Beginning Ending $ 14000 10000 16 000 $22 200 18000 12 000 Inventories: Raw materials Work in process Finished goods Costs incurred: Raw materials purchases Direct labour Manufacturing overhead Specific overhead costs: Indirect labour Factory insurance Machinery depreciation Machinery repairs Factory utilities Miscellaneous factory costs 128 000 100 000 60 000 31 200 8 000 8 000...
PART A An analysis of the accounts of KAZ Manufacturing Pty Ltd reveals the following manufacturing cost data for the month ended 30 June 2019. Beginning Ending $ 14000 10000 16000 $22 200 18000 12000 Inventories: Raw materials Work in process Finished goods Costs incurred: Raw materials purchases Direct labour Manufacturing overhead Specific overhead costs: Indirect labour Factory insurance Machinery depreciation Machinery repairs Factory utilities Miscellaneous factory costs 128 000 100 000 60 000 31 200 8000 8000 3600 6200...
Need the income statement please. amounts and schedule shown
in pics 2, 3, 4.
Prepare the income statement for Crystal Bay Company for the most recent year, using the amounts and the schedule of cost of goods martered below. Asume that the company sold 37.000 units of its product ta price of $14 och during the year Click the been to view the amounts) Click the icon to view the schedule) Income Statement For Last Your Cost fonds sold Operating...
Classic Sound is a start-up company that produces vinyl records for numerous record labels worldwide. The company has two full-time employees working in the production department while the CEO splits her time 80/20% between developing new business and overseeing the production process. Information taken from the accounting records for the first three months of operations is shown below. Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory Direct labour Manufacturing overhead Beginning work in process inventory Ending...
Prepare a Schedule of Cost of Goods Manufactured [LO5] Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations appear below: Beginning raw materials inventory $60,000 Purchases of raw material $690,000 Ending raw materials inventory $45,000 $15.00 Select labor $135,000 Manutacturing overhead $370,000 Beginning work in process inventory | $120,000 Ending work in process inventory $130,000 Required: Prepare a schedule of cost of goods manufactured for the company for the month.
Prepare the income statement for Aqua SourceAqua Source Company,
for the most recent year, using the amounts and the schedule of
cost of goods manufactured below. Assume that the company sold
40,000 units of its product at a price of $15 each during the
year.
Prepare the income statement for Aqua Source Company, for the most recent year, using the amounts and the schedule of cost of goods manufactured below. Assume that the company sold 40,000 units of its product...