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Raw Materials Work In Process ????? ????? Balance 17,000 Purch 80.000 Balance 19,000 Balance 9,000 Materials...
Marcelino's March 31 inventory of raw materials is $80.000 Raw materials purchases in April are $500000...
Marcelino's March 31 inventory of raw materials is $80.000 Raw materials purchases in April are $500000 and factory payroll cost in April is $363.000. Overhead costs incurred in April are indirect materials. $50,000 indirect labor. $23.000, factory rent. $32,000, factory utilities. S19.000 and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 386 Job 387...
Inventories: August 1 August 31 Raw materials: $15,000 ? Work in process: $11,000 $10,000 Finished goods:...
Inventories: August 1 August 31 Raw materials: $15,000 ? Work in process: $11,000 $10,000 Finished goods: ? $7.000 Additional Data: Direct labor costs $8,000 Manufacturing overhead costs $10,000 Cost of goods manufactured $26,000 Advertising and selling costs $7.000 Raw materials purchases $9,000 What was the ending. raw materials inventory on August 31? A) $17,000 B) $13,000 C) $31,000 D) $24,000
Shapiro Corporation has provided the following data for the most recent month: Raw Materials, beginning balance...
Shapiro Corporation has provided the following data for the most recent month: Raw Materials, beginning balance $13,000 Work in process, beginning balance $29,000 Finished Goods, beginning balance $50,000 Transactions: 1. Purchase raw materials $64,000 2. Raw materials used in production-all direct $69,000 3. Direct labor $57,000 4. Manufacturing overhead costs incurred--actual $85,000 5. Manufacturing overhead costs applied--allocated $87,000 6. Cost of units completed and transferred to finished goods. $216,000 7. Goods costing $262,000 were sold on account for $350,000...
Exercise 175 (Part Level Submission) The following inventory information is available for Ricci Manufacturing Corporation for...
Exercise 175 (Part Level Submission) The following inventory information is available for Ricci Manufacturing Corporation for the year ended December 31, 2017: Beginning Ending Inventories: Ra maials Work in process Finished goods $17,000 $19,000 9,000 14,000 11,000 8,000 $37,000 $41,000 In addition, the following transactions occurred in 2017: . Raw materials purchased on account, $75,000 2. Incurred factory labor, $80,000, all is direct labor. (Credit Factory Wages Payable) 3. Incurred the following overhead costs during the year: Utilities $6,800, Depreciation...
The following partially completed T-accounts are for Stanford Corporation: Bal (1) Raw Materials 7,000 (2) 19,000...
The following partially completed T-accounts are for Stanford Corporation: Bal (1) Raw Materials 7,000 (2) 19,000 Work In Process 11,000 (7) 15,000 18,000 31,000 | |Gecel cecel Bal Finished Goods 18,000 62,000 15,000 31,000 Manufacturing Overhead 9,000 (6) 16,000 8,000 5,000 Accumulated Depreciation-- Factory Sales Salaries Expense 11,000 (4) 82,000 16,000 Accounts Payable Salaries and Wages Payable Bal 7,000 37,000 19,000 5,000 The indirect labor cost is: Multiple Choice o $15,000 o $8,000 o $37,000 o $18,000
110% Beginning balance, Finished Goods Inventory 17,000 Purchases of raw materials 54,000 Factory electricity 10,000 Direct...
110% Beginning balance, Finished Goods Inventory 17,000 Purchases of raw materials 54,000 Factory electricity 10,000 Direct labor payroll 32,000 Depreciation on factory equipment 35 000 Insurance on factory building 8,000 Indirect materials used in production 7.000 Total raw materials used in production 65.000 Indirect labor payroll 24 000 Cost of goods manufactured 200,000 Cost of goods sold 210.000 Estimated manufacturing overhead is $450,000 and overhead is allocated based on machine hours. Estimated machine hours are 750,000 hours. Actual machine hours...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
The Alpha Company makes specialty computers. To do so, it has the following information: RAW MATERIALS...
The Alpha Company makes specialty computers. To do so, it has the following information: RAW MATERIALS INVENTORY Beginning balance 10,000 USED 245,000 WORK IN PROCESS 35,000 TRANSFERRED FINISHED GOODS INVENTORY Beginning balance 30,000 COSTS OF GOODS MANUFACTURED COST OF GOODS SOLD COST OF GOODS SOLD Beginning balance PURCHASES 250,000 227,000 180,000 DIRECT MATERIALS DIRECT LABOR MOH APPLIED Ending balance Ending balance 15,000 37,000 Ending balance 23,000 Indirect materials Indirect labor Utilities Depreciation Taxes Other TOTAL MANUFACTURING OVERHEAD 8.000 MOH APPLIED...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Marcelino's March 31 inventory of raw materials is $80.000 Raw materials purchases in April are $500000 and factory payroll cost in April is $363.000. Overhead costs incurred in April are indirect materials. $50,000 indirect labor. $23.000, factory rent. $32,000, factory utilities. S19.000 and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 386 Job 387...
Exercise 175 (Part Level Submission) The following inventory information is available for Ricci Manufacturing Corporation for the year ended December 31, 2017: Beginning Ending Inventories: Ra maials Work in process Finished goods $17,000 $19,000 9,000 14,000 11,000 8,000 $37,000 $41,000 In addition, the following transactions occurred in 2017: . Raw materials purchased on account, $75,000 2. Incurred factory labor, $80,000, all is direct labor. (Credit Factory Wages Payable) 3. Incurred the following overhead costs during the year: Utilities $6,800, Depreciation...
The following partially completed T-accounts are for Stanford Corporation: Bal (1) Raw Materials 7,000 (2) 19,000 Work In Process 11,000 (7) 15,000 18,000 31,000 | |Gecel cecel Bal Finished Goods 18,000 62,000 15,000 31,000 Manufacturing Overhead 9,000 (6) 16,000 8,000 5,000 Accumulated Depreciation-- Factory Sales Salaries Expense 11,000 (4) 82,000 16,000 Accounts Payable Salaries and Wages Payable Bal 7,000 37,000 19,000 5,000 The indirect labor cost is: Multiple Choice o $15,000 o $8,000 o $37,000 o $18,000
110% Beginning balance, Finished Goods Inventory 17,000 Purchases of raw materials 54,000 Factory electricity 10,000 Direct labor payroll 32,000 Depreciation on factory equipment 35 000 Insurance on factory building 8,000 Indirect materials used in production 7.000 Total raw materials used in production 65.000 Indirect labor payroll 24 000 Cost of goods manufactured 200,000 Cost of goods sold 210.000 Estimated manufacturing overhead is $450,000 and overhead is allocated based on machine hours. Estimated machine hours are 750,000 hours. Actual machine hours...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
The Alpha Company makes specialty computers. To do so, it has the following information: RAW MATERIALS INVENTORY Beginning balance 10,000 USED 245,000 WORK IN PROCESS 35,000 TRANSFERRED FINISHED GOODS INVENTORY Beginning balance 30,000 COSTS OF GOODS MANUFACTURED COST OF GOODS SOLD COST OF GOODS SOLD Beginning balance PURCHASES 250,000 227,000 180,000 DIRECT MATERIALS DIRECT LABOR MOH APPLIED Ending balance Ending balance 15,000 37,000 Ending balance 23,000 Indirect materials Indirect labor Utilities Depreciation Taxes Other TOTAL MANUFACTURING OVERHEAD 8.000 MOH APPLIED...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
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