Homework Answers
Manufacturing Overhead = Depreciation on plant + Factory supplies used + Property tax on plant
Manufacturing Overhead = $60,000 + $23,000 + $14,000
Manufacturing Overhead = $97,000
Total Manufacturing Cost = Direct Materials used in production + Direct labor + Manufacturing Overhead
Total Manufacturing Cost = $120,000 + $110,000 + $97,000
Total Manufacturing Cost = $327,000
Cost of goods manufactured = Total Manufacturing Cost + Beginning work in process - Ending work in process
Cost of goods manufactured = $327,000 + $12,000 - $15,500
Cost of goods manufactured = $323,500
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Exercise 10-8 (Part Level Submission) Lopez Corporation incurred the following costs while manufacturing its product. Materials...
*Exercise 10-8 (Part Level Submission) Lopez Corporation incurred the following costs while manufacturing its product. Materials...
*Exercise 10-8 (Part Level Submission) Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $120,000 Advertising expense 60,000 Property taxes on plant 7,500 Delivery expense 110,000 Sales commissions 23,000 Salaries paid to sales clerks $45,000 14,000 21,000 35,000 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January...
Compute cost of goods E14.8 (LO 3) Lopez Corporation incurred the following costs while manufacturing its...
Compute cost of goods E14.8 (LO 3) Lopez Corporation incurred the following costs while manufacturing its product. manufactured and sold. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,000 Salaries paid to sales clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods...
Managerial Accounting E15-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in...
Managerial Accounting
E15-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line Sales commissions 35,000 workers 110,000 Salaries paid to sales Factory supplies used 23,000 clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and...
..1 T-Mobile LTE 1:18 PM E1.8 (LO 3), AP Lopez Corporation incurred the following costs while...
..1 T-Mobile LTE 1:18 PM E1.8 (LO 3), AP Lopez Corporation incurred the following costs while manufacturing its product. Compute cost of goods manufactured and sold. Materials used in product $120,000 Advertising expense $45,000 Depreciatio non plant Property taxes on plant 60,000 14,000 Property taxes on store Delivery expense 7,500 21,000 Labor costs of assembly-li ne workers Sales commissio ns 110,000 35,000 Factory supplies used Salaries paid to sales clerks 23,000 50,000 Work in process inventory was $12,000 at January...
Compute cost of goods manufactured. Glavine Corporation incurred the following costs while manufacturing its product. Materials...
Compute cost of goods manufactured.
Glavine Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $125,000 60,000 7,500 110,000 23,000 45,000 19,000 21,000 35,000 50,000 Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and...
Exercise 1-8 Lopez Corporation incurred the following costs while manufacturing its product. $48,30 Materials used in...
Exercise 1-8 Lopez Corporation incurred the following costs while manufacturing its product. $48,30 Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $126,00 Adve 20. Advertising expense 65,900 Property taxes on plant 8,030 Delivery expense 115,200 Sales commissions Salaries paid to sales clerks 23,500 30,200 37,200 55,400 Work in process inventory was $14,400 at January 1 and $17,400 at December 31. Finished goods inventory was $64,000 at January 1 and...
Question 20 Glavine Corporation incurred the following costs while manufacturing its product. Materials used in product...
Question 20 Glavine Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $125,000 60,000 7,500 110,000 23,000 45,000 19,000 21,000 35,000 50,000 Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $50,600 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $124,700 Advertising...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $124,700 Advertising expense $50,500 Depreciation on plant 68,800 Property taxes on plant 22,700 Property taxes on store 8,230 Delivery expense 30,800 Labor costs of assembly-line workers 111,600 Sales commissions 41,800 Factory supplies used 25,300 Salaries paid to sales clerks 57,800 Work in process inventory was $14,200 at January 1 and $16,800 at December 31. Finished goods inventory was $69,300 at January 1 and $48,000 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $126,400 Advertising expense 61,000 Property taxes on plant 7,650 Delivery expense 113,500 Sales commissions 29,300 Salaries paid to sales clerks $54,100 21,800 27,300 38,400 55,400 Work in process inventory was $14,600 at January 1 and $16,700 at December 31. Finished goods inventory was $70,900 at January 1 and $49,100 at December...
Exercise 14-08 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product...
Exercise 14-08
Lopez Corporation incurred the following costs while manufacturing
its product.
Materials used in product
$128,200
Advertising expense
$47,700
Depreciation on plant
64,500
Property taxes on plant
22,300
Property taxes on store
8,540
Delivery expense
27,800
Labor costs of assembly-line workers
119,000
Sales commissions
38,900
Factory supplies used
33,500
Salaries paid to sales clerks
58,000
Work in process inventory was $13,500 at January 1 and $17,200 at
December 31. Finished goods inventory was $68,400 at January 1 and
$47,700...
*Exercise 10-8 (Part Level Submission) Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $120,000 Advertising expense 60,000 Property taxes on plant 7,500 Delivery expense 110,000 Sales commissions 23,000 Salaries paid to sales clerks $45,000 14,000 21,000 35,000 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January...
Compute cost of goods E14.8 (LO 3) Lopez Corporation incurred the following costs while manufacturing its product. manufactured and sold. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,000 Salaries paid to sales clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods...
Managerial Accounting
E15-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line Sales commissions 35,000 workers 110,000 Salaries paid to sales Factory supplies used 23,000 clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and...
..1 T-Mobile LTE 1:18 PM E1.8 (LO 3), AP Lopez Corporation incurred the following costs while manufacturing its product. Compute cost of goods manufactured and sold. Materials used in product $120,000 Advertising expense $45,000 Depreciatio non plant Property taxes on plant 60,000 14,000 Property taxes on store Delivery expense 7,500 21,000 Labor costs of assembly-li ne workers Sales commissio ns 110,000 35,000 Factory supplies used Salaries paid to sales clerks 23,000 50,000 Work in process inventory was $12,000 at January...
Compute cost of goods manufactured.
Glavine Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $125,000 60,000 7,500 110,000 23,000 45,000 19,000 21,000 35,000 50,000 Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and...
Exercise 1-8 Lopez Corporation incurred the following costs while manufacturing its product. $48,30 Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $126,00 Adve 20. Advertising expense 65,900 Property taxes on plant 8,030 Delivery expense 115,200 Sales commissions Salaries paid to sales clerks 23,500 30,200 37,200 55,400 Work in process inventory was $14,400 at January 1 and $17,400 at December 31. Finished goods inventory was $64,000 at January 1 and...
Question 20 Glavine Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $125,000 60,000 7,500 110,000 23,000 45,000 19,000 21,000 35,000 50,000 Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $50,600 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $124,700 Advertising expense $50,500 Depreciation on plant 68,800 Property taxes on plant 22,700 Property taxes on store 8,230 Delivery expense 30,800 Labor costs of assembly-line workers 111,600 Sales commissions 41,800 Factory supplies used 25,300 Salaries paid to sales clerks 57,800 Work in process inventory was $14,200 at January 1 and $16,800 at December 31. Finished goods inventory was $69,300 at January 1 and $48,000 at December...
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $126,400 Advertising expense 61,000 Property taxes on plant 7,650 Delivery expense 113,500 Sales commissions 29,300 Salaries paid to sales clerks $54,100 21,800 27,300 38,400 55,400 Work in process inventory was $14,600 at January 1 and $16,700 at December 31. Finished goods inventory was $70,900 at January 1 and $49,100 at December...
Exercise 14-08
Lopez Corporation incurred the following costs while manufacturing
its product.
Materials used in product
$128,200
Advertising expense
$47,700
Depreciation on plant
64,500
Property taxes on plant
22,300
Property taxes on store
8,540
Delivery expense
27,800
Labor costs of assembly-line workers
119,000
Sales commissions
38,900
Factory supplies used
33,500
Salaries paid to sales clerks
58,000
Work in process inventory was $13,500 at January 1 and $17,200 at
December 31. Finished goods inventory was $68,400 at January 1 and
$47,700...
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