please do all part of the question
1 | Cash | ||||||
Beginning balance | 46200 | ||||||
Add: | |||||||
(j) | 415440 | ||||||
461640 | |||||||
Less: | |||||||
© | 182350 | ||||||
(f) | 41900 | ||||||
(i) | 80200 | 304450 | |||||
Ending balance | 157190 | ||||||
Raw materials: | |||||||
Beginning balance | 15300 | ||||||
Add: | |||||||
(a) | 85600 | ||||||
100900 | |||||||
Less: | |||||||
(b) | 96800 | ||||||
Ending balance | 4100 | ||||||
Work in process | |||||||
Beginning balance | 7550 | ||||||
Add: | |||||||
(b)-Direct materials | 77000 | ||||||
©-Direct labor | 95200 | ||||||
(h) | 138600 | 310800 | |||||
Less: | |||||||
(i) | 302900 | ||||||
Ending balance | 7900 | ||||||
Finished goods | |||||||
Beginning balance | 25800 | ||||||
Add: | |||||||
(i) | 302900 | ||||||
328700 | |||||||
Less: | |||||||
(k) | 299600 | ||||||
Ending balance | 29100 | ||||||
Prepaid expenses | |||||||
Beginning balance | 2225 | ||||||
Less: | |||||||
(g) | 1350 | ||||||
Ending balance | 875 | ||||||
Property,plant and equipment (Net) | |||||||
Beginning balance | 126000 | ||||||
Less: | |||||||
€ | 64400 | ||||||
Ending balance | 61600 | ||||||
Accounts payable | |||||||
Beginning balance | 13800 | ||||||
Add: | |||||||
(a) | 85600 | ||||||
(d) | 37650 | 123250 | |||||
137050 | |||||||
Less: | |||||||
(i) | 80200 | ||||||
Ending balance | 56850 | ||||||
Retained earnings | |||||||
Beginning balance | 209275 | ||||||
Add: | |||||||
Net operating income | 2190 | ||||||
Ending balance | 211465 | ||||||
2 | Sales | 415440 | |||||
Less: Cost of goods sold (Adjusted) (Note:1) | 299860 | ||||||
Gross profit | 115580 | ||||||
Less: Expenses | |||||||
Salaries and wages | 51900 | ||||||
Depreciation | (64400*30%) | 19320 | |||||
Various selling expenses | 41900 | ||||||
insurance expense | (1350*20%) | 270 | 113390 | ||||
Net operating income | 2190 | ||||||
Notes: | |||||||
1. Adjusted cost of goods sold | |||||||
Cost of goods sold (Unadjusted) | 299600 | ||||||
Add: under applied overhead | 260 | ||||||
Cost of goods sold (Adjusted) | 299860 | ||||||
Actual manufacturing overhead: | |||||||
Indirect materials | 19800 | ||||||
Indirect labor | 35250 | ||||||
On account | 37650 | ||||||
Depreciation | (64400*70%) | 45080 | |||||
Prepaid insurance expired | (1350*80%) | 1080 | |||||
Total | 138860 | ||||||
Manufacturing overhead applied | 138600 | ||||||
Underapplied overhead | 260 | ||||||
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