Homework Answers
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| Sampson | ||
| Cost of goods manufactured | Amount $ | Amount $ |
| Opening Raw materials | 12,000.00 | |
| Add: Purchases | 105,000.00 | |
| Less: Closing Raw materials | 19,000.00 | |
| Raw materials consumed | 98,000.00 | |
| Direct Labor | 70,000.00 | |
| Manufacturing Overhead | ||
| Factory Depreciation expense | 8,000.00 | |
| Factory supervisor salaries | 12,000.00 | |
| Factory utilities expense | 6,000.00 | |
| Indirect labor | 21,000.00 | 47,000.00 |
| Add: Opening work in process | 25,000.00 | |
| Less: Closing work in process | 15,000.00 | |
| Cost of goods manufactured | 225,000.00 | |
| Note: Income tax expense and sales salaries are not a part of cost of product. |
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JS Kimmel, Accounting, 7e PRIN. OF ACCT I&II (AC Time: 08:33 PM / Remaining: 92 min....
From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson...
From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2019. Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1 Factory Utilities Expense Direct Labor Raw Materials Inventory, December 31 Sales Returns and...
From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson...
From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2019. Account Balances Finished Goods Inventory, December 31 $42,000 Factory Supervisory Salaries 12,000 Income Tax Expense 18,000 Raw Materials Inventory, December 1 12,000 Work In Process Inventory, December 31 15,000 Sales Salaries Expense 14,000 Factory Depreciation Expense 8,000 Finished Goods Inventory, December 1 35,000 Raw Materials Purchases 105,000 Work In Process Inventory, December 1 25,000 Factory...
Problem: Show all you work. From the account balances listed below, prepare a schedule of cost...
Problem: Show all you work. From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2016. Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1 Factory Utilities Expense Direct Labor Raw Materials Inventory,...
Magic Lady Clean A Magical The Problem: Show all you work. From the account balances listed...
Magic Lady Clean A Magical The Problem: Show all you work. From the account balances listed below, prepare a schedule of cost of goods manufactured Sampson Manufacturing Company for the month ended December 31, 2016 Account Balances $42,000 Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1...
Kimmel, Accounting, 7e 08:33 PM / Remaining: 111 min. Multiple Choice Question 127 Given the following...
Kimmel, Accounting, 7e 08:33 PM / Remaining: 111 min. Multiple Choice Question 127 Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: $360000 280000 Direct materials used Direct labor Manufacturing overhead Operating expenses Beginning work in process Ending work in process Beginning finished goods $40000 20000 330000 50000 430000 Ending finished goods 30000 _(B). $970000 $990000 $990000 $1010000 $970000 $950000 $950000 $990000 Click if you would like to Show Work for...
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...
From the account balances listed below, prepare a schedule of cost of goods manufactured for SeSame...
From the account balances listed below, prepare a schedule of cost of goods manufactured for SeSame Manufacturing Company for the month ended December 31, 2011 with proper heading. Finished Goods Inventory, December 31 $52,000 Factory Supervisory Salaries 14,000 Income Tax Expense 18,000 Raw Materials Inventory, December 1 23,000 Work In Process Inventory, December 31 13,000 Sales Salaries Expense 14,000 Factory Depreciation Expense 6,000 Finished Goods Inventory, December 1 45,000 Raw Materials Purchases 97,000 Work In Process Inventory, December 1 35,000...
Date Saved: December 3, 2019 Time Saved: 4:07 PM Problem 2 (15 marks) The following accounts...
Date Saved: December 3, 2019 Time Saved: 4:07 PM Problem 2 (15 marks) The following accounts and balances pertain to Xenon Company for the year ended December 31, 2018. Cost of Goods Available for Sale $2,465,000 Depreciation Expense – Manufacturing Equipment 162,000 Direct Labor 950,000 Finished Goods Inventory, January 1, 2018 413,000 Factory Insurance 100,000 Gross Profit 3,526,000 Indirect Labor 185,000 Indirect Materials 210,000 Raw Materials Available for Use M. 769,000 Raw Materials Inventory, January 1, 2018 54,000 Av Raw...
Acct 202... need help preparing the company's 2019 schedule of cost of goods manufactured. Required information...
Acct 202... need help preparing the company's 2019 schedule of
cost of goods manufactured.
Required information The following information applies to the questions displayed below! The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31,...
Hoth Company is a brand new company that started operations on December 1, 2019. Hoth manufactures...
Hoth Company is a brand new company that started operations on December 1, 2019. Hoth manufactures cold weather clothing. At the end of December, 2019, the accountant for Hoth compiled the following information. Item Amount Administrative Expense $23,000 Direct Labor $9,000 Ending Finished Goods $13,000 Ending Raw Materials $24,000 Ending Work-in-Process $10,000 Manufacturing Overhead $10,000 Raw Materials Purchases $58,000 Sales Revenue $140,000 Selling Expense $22,000 Do not enter dollar signs or commas in the input boxes. Do not use the...
From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2019. Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1 Factory Utilities Expense Direct Labor Raw Materials Inventory, December 31 Sales Returns and...
Problem: Show all you work. From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2016. Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1 Factory Utilities Expense Direct Labor Raw Materials Inventory,...
Magic Lady Clean A Magical The Problem: Show all you work. From the account balances listed below, prepare a schedule of cost of goods manufactured Sampson Manufacturing Company for the month ended December 31, 2016 Account Balances $42,000 Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1...
Kimmel, Accounting, 7e 08:33 PM / Remaining: 111 min. Multiple Choice Question 127 Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: $360000 280000 Direct materials used Direct labor Manufacturing overhead Operating expenses Beginning work in process Ending work in process Beginning finished goods $40000 20000 330000 50000 430000 Ending finished goods 30000 _(B). $970000 $990000 $990000 $1010000 $970000 $950000 $950000 $990000 Click if you would like to Show Work for...
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...
Date Saved: December 3, 2019 Time Saved: 4:07 PM Problem 2 (15 marks) The following accounts and balances pertain to Xenon Company for the year ended December 31, 2018. Cost of Goods Available for Sale $2,465,000 Depreciation Expense – Manufacturing Equipment 162,000 Direct Labor 950,000 Finished Goods Inventory, January 1, 2018 413,000 Factory Insurance 100,000 Gross Profit 3,526,000 Indirect Labor 185,000 Indirect Materials 210,000 Raw Materials Available for Use M. 769,000 Raw Materials Inventory, January 1, 2018 54,000 Av Raw...
Acct 202... need help preparing the company's 2019 schedule of
cost of goods manufactured.
Required information The following information applies to the questions displayed below! The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31,...
Hoth Company is a brand new company that started operations on December 1, 2019. Hoth manufactures cold weather clothing. At the end of December, 2019, the accountant for Hoth compiled the following information. Item Amount Administrative Expense $23,000 Direct Labor $9,000 Ending Finished Goods $13,000 Ending Raw Materials $24,000 Ending Work-in-Process $10,000 Manufacturing Overhead $10,000 Raw Materials Purchases $58,000 Sales Revenue $140,000 Selling Expense $22,000 Do not enter dollar signs or commas in the input boxes. Do not use the...
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