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Portland Manufacturing had the following data for the period just ended: Work in process. Jan. 1...
27) Portland Manufacturing had the following data for the period just ended: Work in process, Jan....
27) Portland Manufacturing had the following data for the period just ended: Work in process, Jan. 1 Work in process, Dec. 31 Finished goods, Jan. 1 Finished goods, Dec. 31 Direct materials used Direct labor Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor A. Calculate Portland's Bo Caculate Portland's $21,000 40.000 70,000 61,000 126,000 260,000 80.000 945,000 52,000 27,000 19,000 35,000 cost of goods manufactured. cost of goods sold. Required
Problem 2 Comprehensive Problem Consider the following information: 1.Jan-20 31-Dec-20 Inventories: Direct Materials Work in Process...
Problem 2 Comprehensive Problem Consider the following information: 1.Jan-20 31-Dec-20 Inventories: Direct Materials Work in Process Finished Goods $11,000 13,000 9,500 $8,000 12,000 6,500 Cost Incurred: Direct materials purchases $56,000 44,000 Direct Labor Factory Rent Factory Utilities Indirect Materials Indirect Labor Selling Expenses Administrative Expenses 24,000 3,000 6,000 9,000 10,000 7,000 Prepare the following: A. Schedule of direct materials used 3 points B. Compute the manufacturing overhead incurred during the period. 4 points C. Prepare a schedule of Cost of...
Consider the following information for Huntersville, Inc, for the fiscal year ended December 31 Depreciation expense-administrative...
Consider the following information for Huntersville, Inc, for the fiscal year ended December 31 Depreciation expense-administrative office $ 32,000 Depreciation expense-plant and equipment 86,000 Direct labor-wages 487,000 Direct materials inventory, Dec. 31 26,000 Direct materials inventory, Jan. 1 19,000 Direct materials purchases 155,000 Finished goods inventory, Dec. 31 38,000 Finished goods inventory, Jan. 1 15,000 Heat, light, and power-plant 44,000 Indirect labor 25,000 Property taxes-plant 34,000 Sales representatives' salaries 145,000 Sales revenue 1,495,000 Factory supervisor's salary 66,000 Supplies-administrative office 16,000...
Use the following information to prepare the manufacturing statement for Snyder Company for the month ended...
Use the following information to prepare the manufacturing statement for Snyder Company for the month ended June 30. The statement should end with the calculation of Cost of Goods Manufactured (COGM). (Use the space provided.) (7 points.) Goods in process inventory, May 31 $12,500 Goods in process inventory, June 30 16,500 Direct materials used during June 21.000 Direct labor used during June 31,000 Factory overhead: Indirect material 6,400 Indirect labor 9,200 Factory rent 12.000 Factory depreciation 15.000 Factory utilities 18.400...
E1.11 (LO 3), AN Incomplete manufacturing cost data for Horizon Company for 2020 are presented as...
E1.11 (LO 3), AN Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations, rea factured Total Direct Materials Used (1) $117.000 (c) 80,000 (4) 70,000 Direct Labor Used $140,000 200,000 100,000 Manufac- turing Overhead $ 87,000 132.000 (e) 75,000 Manufac- turing Costs S (a) 450,000 265,000 288,000 Work in Process 1/1 $33.000 (d) 60,000 45,000 Work in Process 12/31 S (b) 40,000 80.000 (h) Cost of Goods Manufae tured $360,000 470,000 270,000...
The administrative offices and manufacturing plant of Billings Tool & Die share the same building The...
The administrative offices and manufacturing plant of Billings Tool & Die share the same building The following information (in $000s) appears in the accounting records for last year Administrative costs Building and machine depreciation (75% of this amount is for factory) Building utilities (90% of this amount is for factory) Direct labor Direct materials inventory, December 31 Direct materials inventory, January 1 Direct materials purchases Factory supervision Finished goods inventory, December 31 Finished goods inventory, January 1 Indirect factory labor...
yolo windows, a manufacturer of windows for commercial buildings, reports the following account information for last...
yolo windows, a manufacturer of windows for commercial
buildings, reports the following account information for last year
(all costs are in thousands of dollars)
Uw ICldus library Problem 2-61 (Algo) Prepare Statements for a Manufacturing Company (LO 2-2, 4) Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars). $ 82 117 1,620 Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory...
Sales $ 1,272,000 Raw materials inventory, Dec. 31, 2016 35,000 Work in process inventory, Dec. 31,...
Sales $ 1,272,000 Raw materials inventory, Dec. 31, 2016 35,000 Work in process inventory, Dec. 31, 2016 57,200 Finished goods inventory, Dec. 31, 2016 63,500 Raw materials purchases 184,800 Direct labor 235,000 Factory computer supplies used 15,000 Indirect labor 49,000 Repairs—Factory equipment 5,250 Rent cost of factory building 55,000 Advertising expense 102,000 General and administrative expenses 138,000 Raw materials inventory, Dec. 31, 2017 48,000 Work in process inventory, Dec. 31, 2017 44,000 Finished goods inventory, Dec. 31, 2017 72,000 Prepare...
Haze Enterprise provided the following: Sales 7,500,000.00 Inventories - Jan 1 Raw Materials 200,000.00...
Haze Enterprise provided the following: Sales 7,500,000.00 Inventories - Jan 1 Raw Materials 200,000.00 Goods in Process 240,000.00 Finished Goods 360,000.00 Inventories - Dec 31 Raw Materials 280,000.00 Goods in process 170,000.00 Finished Goods 300,000.00 Purchases 3,000,000.00 Direct Labor 950,000.00 Indirect Labor 250,000.00 Superintendent 210,000.00 Light, heat and power 320,000.00 Rent- Factory Building 120,000.00 Repair and Maintenance Machinery 50,000.00 Factory Supplies Used 110,000.00 Sales, Salaries 400,000.00 Advertising...
accounting sy Other data: On December 1, two jobs were in process: Job No. 154 and...
accounting sy Other data: On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs hi combined direct materials costs of $9,850 and direct labor costs of $16,600. 1. Overhead was applied at a rate that was 75% of direct labor cost, During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials $3,900 and direct labor $5,300, plus manufacturing...
27) Portland Manufacturing had the following data for the period just ended: Work in process, Jan. 1 Work in process, Dec. 31 Finished goods, Jan. 1 Finished goods, Dec. 31 Direct materials used Direct labor Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor A. Calculate Portland's Bo Caculate Portland's $21,000 40.000 70,000 61,000 126,000 260,000 80.000 945,000 52,000 27,000 19,000 35,000 cost of goods manufactured. cost of goods sold. Required
Problem 2 Comprehensive Problem Consider the following information: 1.Jan-20 31-Dec-20 Inventories: Direct Materials Work in Process Finished Goods $11,000 13,000 9,500 $8,000 12,000 6,500 Cost Incurred: Direct materials purchases $56,000 44,000 Direct Labor Factory Rent Factory Utilities Indirect Materials Indirect Labor Selling Expenses Administrative Expenses 24,000 3,000 6,000 9,000 10,000 7,000 Prepare the following: A. Schedule of direct materials used 3 points B. Compute the manufacturing overhead incurred during the period. 4 points C. Prepare a schedule of Cost of...
Consider the following information for Huntersville, Inc, for the fiscal year ended December 31 Depreciation expense-administrative office $ 32,000 Depreciation expense-plant and equipment 86,000 Direct labor-wages 487,000 Direct materials inventory, Dec. 31 26,000 Direct materials inventory, Jan. 1 19,000 Direct materials purchases 155,000 Finished goods inventory, Dec. 31 38,000 Finished goods inventory, Jan. 1 15,000 Heat, light, and power-plant 44,000 Indirect labor 25,000 Property taxes-plant 34,000 Sales representatives' salaries 145,000 Sales revenue 1,495,000 Factory supervisor's salary 66,000 Supplies-administrative office 16,000...
Use the following information to prepare the manufacturing statement for Snyder Company for the month ended June 30. The statement should end with the calculation of Cost of Goods Manufactured (COGM). (Use the space provided.) (7 points.) Goods in process inventory, May 31 $12,500 Goods in process inventory, June 30 16,500 Direct materials used during June 21.000 Direct labor used during June 31,000 Factory overhead: Indirect material 6,400 Indirect labor 9,200 Factory rent 12.000 Factory depreciation 15.000 Factory utilities 18.400...
E1.11 (LO 3), AN Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations, rea factured Total Direct Materials Used (1) $117.000 (c) 80,000 (4) 70,000 Direct Labor Used $140,000 200,000 100,000 Manufac- turing Overhead $ 87,000 132.000 (e) 75,000 Manufac- turing Costs S (a) 450,000 265,000 288,000 Work in Process 1/1 $33.000 (d) 60,000 45,000 Work in Process 12/31 S (b) 40,000 80.000 (h) Cost of Goods Manufae tured $360,000 470,000 270,000...
The administrative offices and manufacturing plant of Billings Tool & Die share the same building The following information (in $000s) appears in the accounting records for last year Administrative costs Building and machine depreciation (75% of this amount is for factory) Building utilities (90% of this amount is for factory) Direct labor Direct materials inventory, December 31 Direct materials inventory, January 1 Direct materials purchases Factory supervision Finished goods inventory, December 31 Finished goods inventory, January 1 Indirect factory labor...
yolo windows, a manufacturer of windows for commercial
buildings, reports the following account information for last year
(all costs are in thousands of dollars)
Uw ICldus library Problem 2-61 (Algo) Prepare Statements for a Manufacturing Company (LO 2-2, 4) Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars). $ 82 117 1,620 Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory...
accounting sy Other data: On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs hi combined direct materials costs of $9,850 and direct labor costs of $16,600. 1. Overhead was applied at a rate that was 75% of direct labor cost, During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials $3,900 and direct labor $5,300, plus manufacturing...
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