Question

You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in interna decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending SO 525,000 $50,000 $75,000 $100,000 5125,000 5150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Tactory $50,000 54,000 50,000 $40,000 43,000 Repairs expense Factory $30,000 33,000 Factory supplies used (indirect materials) Factory utilities $20,000 $10,000 $0 Beginning Ending Beginning Ending Indirect labor Additional Data Accounts receivable, net Cash Direct labor $150,000 5350,000 $180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses SO $200,000 $400,000 $600,000 S800,000 $1,000,000 ** tableau T 1. (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Co. is a manufacturer or a merchandiser? 1. (b) Which of following accounts distinguishes Mountaineer Co. as a manufacturer or merchandiser? 2. Identify the amount of raw materials purchases. 3. Compute the amount of raw materials it used during the year. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 (a) Do the accounts shown in the Tableau Dashboard suggest Mountaineer Co. Is a manufacturer or a merchandiser? (b) Which of following accounts distinguishes Mountaineer Co. as a manufacturer or merchandiser? 1. (a) Mountaineer Co. is a 1. (b) Distinguishing account

For Req 1, the choices are manufacturer and merchandiser

Answer 1

Answer Pagena i la Mountaineer coisa manufacturer (6) Distinguişking Account: The darop downe are Adventişing Expenk, General and administrative Expense raw materials and sales. There ore options 2) Raw material purchole - 140,000 3) Rawmaterials used in the year + Purchard materials = Beginning Rowe closing Raw materials = 60,000 +140,000 - 60000 = $ 136,000