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С For the year just ended, Cole Corporation's manufacturing costs (raw materials used, direct labour, and...
$100,000 Purchases 308,000 Ending inventory Direct manufacturing labour Manufacturing overhead Ending work in process inventory 52,000...
$100,000 Purchases 308,000 Ending inventory Direct manufacturing labour Manufacturing overhead Ending work in process inventory 52,000 80,000 60,000 20,000 Beginning work in process inventory 4,000 80,000 Ending finished goods inventory Beginning finished goods inventory 120,000 Use the information in the table attached to answer the following question(s). Jupiter Inc. had the following activities in the year What is Jupiter's cost of direct materials used during the year? What is Jupiter's cost of goods sold? What is Jupiter's cost of goods...
The following shows the Schedule of Direct Ma Goods Sold and Income Statement. F direct Materials Used. Cost of Goo...
The following shows the Schedule of Direct Ma Goods Sold and Income Statement. F direct Materials Used. Cost of Goods Manufactured, Cost of missing amount for blankes 11 to 18 below. Beginning inventory, raw material. Ending inventory, raw material. Purchase of raw material. $ 90,000 100,000 Direct material used...... 70,000 Direct labour .....12. ? Manufacturing overhead . 250,000 Total manufacturing costs ......... 520,000 Beginning inventory, work in process.. 35,000 Ending inventory, work in process .............. 13. ? Cost of goods...
Example 5 The BCE Company allocated manufacturing overhead using predetermined overhead rate of 150% of direct...
Example 5 The BCE Company allocated manufacturing overhead using predetermined overhead rate of 150% of direct manufacturing labour. The records show the following for the period: Direct Materials Used $35,000 $60,000 $94,000 Work-in-process control - ending inventory = $ 5,000 Finished Goods control - ending inventory = $15,000 - Direct Manufacturing Labour Manufacturing Overhead Control There were no beginning inventories of work-in-process or finished goods. The cost of goods sold for the period woud be:
Raw materials inventory, beginning of year $21,000 Raw materials inventory, end of year
Raw materials inventory, beginning of year $21,000 Raw materials inventory, end of year 23,000 Work in process inventory, beginning of year 55,000 Work in process inventory, end of year 52,000 Finished goods inventory, beginning of year 42,000 Finished goods inventory, end of year 48,000 Raw materials purchased 110,000 Indirect Materials used 6,000 Indirect Labor used 33,000 Direct Labor used 210,000 Depreciation on Factory Machines 22,000 Amount spent on other manufacturing overhead 90,000 Direct labor hours used 15,000 Predetermined overhead rate ...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses$217,000Purchases of raw materials$260,000Direct labor?Administrative expenses$154,000Manufacturing overhead applied to work in process$369,000Actual manufacturing overhead cost$356,000 Inventory balances at the beginning and end of the year were as follows: Beginning of YearEnd of YearRaw materials$52,000$32,000Work in process?$31,000Finished goods$33,000? The total manufacturing costs for the year were $685,000; the cost of goods available for sale totaled $720,000; the unadjusted...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
the following shows the Schedule of Direct Materials Used, Cost of Goods Manufactuered, Cost of Goods...
the following shows the Schedule of Direct Materials Used,
Cost of Goods Manufactuered, Cost of Goods Sold and Income
Statement. Fill in the missing amounts for blanks 11 to 18
below.
STUDENT NAME: QUESTION TWO Student ID The following shows the Schedule of Direct Materials Used, Cost of Goods M actured Cost of Goods Sold and Income Statement. Fill in the missing amounts for blankes 11 to 18 below ...Jl. Beginning inventory, raw material............ Ending investory, raw material... Purchase of...
Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and...
Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building $ 187,000 42,700 36,300 62,600 3,950 48,200 29,800 19,400 4,950 23, 800 117,000 ? The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materials Work in process Finished goods Beginning of Month $...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses$140,000Purchases of raw materials$290,000Direct labor?Administrative expenses$100,000Manufacturing overhead applied to work in process$285,000Actual manufacturing overhead cost$270,000 Inventory balances at the beginning and end of the year were as follows: Beginning of YearEnd of YearRaw materials$40,000$10,000Work in process?$35,000Finished goods$50,000? The total manufacturing costs for the year were $683,000; the cost of goods available for sale totaled $740,000; the unadjusted cost of goods sold...
The following shows the Schedule of Direct Materials Used, Cost of Goods Manufactured Cost of Goods...
The following shows the Schedule of Direct Materials Used, Cost of Goods Manufactured Cost of Goods Sold and Income Statement. Fill in the missing amounts for blanks 11 to 18 below. Beginning inventory, raw material. ..............11. ? Ending inventory, raw material .................. Purchase of raw material ...... 100,000 Direct material used. ... 70,000 Direct labour ......... ..................12. Manufacturing overhead ........ 250,000 Total manufacturing costs ........ 520,000 Beginning inventory, work in process.......... 35,000 Ending inventory, work in process .............. 13. Cost...
$100,000 Purchases 308,000 Ending inventory Direct manufacturing labour Manufacturing overhead Ending work in process inventory 52,000 80,000 60,000 20,000 Beginning work in process inventory 4,000 80,000 Ending finished goods inventory Beginning finished goods inventory 120,000 Use the information in the table attached to answer the following question(s). Jupiter Inc. had the following activities in the year What is Jupiter's cost of direct materials used during the year? What is Jupiter's cost of goods sold? What is Jupiter's cost of goods...
The following shows the Schedule of Direct Ma Goods Sold and Income Statement. F direct Materials Used. Cost of Goods Manufactured, Cost of missing amount for blankes 11 to 18 below. Beginning inventory, raw material. Ending inventory, raw material. Purchase of raw material. $ 90,000 100,000 Direct material used...... 70,000 Direct labour .....12. ? Manufacturing overhead . 250,000 Total manufacturing costs ......... 520,000 Beginning inventory, work in process.. 35,000 Ending inventory, work in process .............. 13. ? Cost of goods...
Example 5 The BCE Company allocated manufacturing overhead using predetermined overhead rate of 150% of direct manufacturing labour. The records show the following for the period: Direct Materials Used $35,000 $60,000 $94,000 Work-in-process control - ending inventory = $ 5,000 Finished Goods control - ending inventory = $15,000 - Direct Manufacturing Labour Manufacturing Overhead Control There were no beginning inventories of work-in-process or finished goods. The cost of goods sold for the period woud be:
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
the following shows the Schedule of Direct Materials Used,
Cost of Goods Manufactuered, Cost of Goods Sold and Income
Statement. Fill in the missing amounts for blanks 11 to 18
below.
STUDENT NAME: QUESTION TWO Student ID The following shows the Schedule of Direct Materials Used, Cost of Goods M actured Cost of Goods Sold and Income Statement. Fill in the missing amounts for blankes 11 to 18 below ...Jl. Beginning inventory, raw material............ Ending investory, raw material... Purchase of...
Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building $ 187,000 42,700 36,300 62,600 3,950 48,200 29,800 19,400 4,950 23, 800 117,000 ? The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materials Work in process Finished goods Beginning of Month $...
The following shows the Schedule of Direct Materials Used, Cost of Goods Manufactured Cost of Goods Sold and Income Statement. Fill in the missing amounts for blanks 11 to 18 below. Beginning inventory, raw material. ..............11. ? Ending inventory, raw material .................. Purchase of raw material ...... 100,000 Direct material used. ... 70,000 Direct labour ......... ..................12. Manufacturing overhead ........ 250,000 Total manufacturing costs ........ 520,000 Beginning inventory, work in process.......... 35,000 Ending inventory, work in process .............. 13. Cost...
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