Homework Answers
Total manufacturing costs+Beginning WIP-Ending WIP=Cost of goods manufactured
| Total manufacturing costs | WIP(1/1) | WIP(12/31) | Cost of goods manufactured |
| $135910 | 120880 | 81320 | (135910+120880-81320)=$175470 |
| 296730 | (321270+98220-296730)=$122760 | 98220 | 321270 |
| 316310 | 469350 | (316310+469350-714580)=$71080 | 714580 |
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Question 2 Determine the missing amounts using following information. Direct Materials Used Direct Labour Used Factory...
Brief Exercise 2.13 Determine the missing amounts using following information. 1. 2. Direct Materials Used $24,700...
Brief Exercise 2.13 Determine the missing amounts using following information. 1. 2. Direct Materials Used $24,700 $81,560 $54,230 Direct Labour Used $61,570 $74,890 $157,860 Factory Overhead $50,430 $139,930 $105,490 Total Manufacturing Costs $136,700 $296,380 $317,580 3. Total Manufacturing Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured 1. 136700 $120,720 $81,780 $ 125210 2. $296,380 $ $98,640 $321,660 $317,580 $470,610 $ $714,860 LINK TO TEXT
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials...
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials Used Direct Labor Total Manufacturing Manufacturing Overhead Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured $38,000 $80,000 $48,000 $120,000 $96,000 2 $149,000 $53,000 $90,000 $292,000 $98,000 $311,000 O $53,000 $116,000 $121,000 $290,000 $403,000 $515,000
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. $210,000 Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000...
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 $...
Brief Exercise 14-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three...
Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three...
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Manufacturing Costs $41,500 (1) (2) s (3) $65,000 $76,000 Factory Overhead $52,200 $143,000 $297,000 $59,000 $ $113,000 $311,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) $124,000 Cost of Goods Manufactured Work in Process (December 31) $85,900 $98,700 $323,800 $297,000 $ $311,000 $465,000 $719,000
Exercise 181 Fill in the missing information on the cost of goods manufactured schedule of Noland...
Exercise 181 Fill in the missing information on the cost of goods manufactured schedule of Noland Manufacturing Company: NOLAND MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2016 Work in process (1/1) Direct materials Raw materials inventory (1/1) $340,000 Raw materials purchases 246,000 Raw materials available for use 37,000 Raw materials inventory (12/31) Direct materials used $255,000 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities 19,000 38,000 39,000 Total overhead Total manufacturing costs...
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as...
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct...
Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
1. Determine the amount of the missing items, identifying them by letter. Enter all amounts as...
1. Determine the amount of the missing items, identifying them
by letter. Enter all amounts as positive numbers.
2. Prepare on Company's statement of cost of goods manufactured
for December .
3. Prepare on Company's income statement for December.
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off Materials inventory, December 1 Materials inventory, December...
Brief Exercise 2.13 Determine the missing amounts using following information. 1. 2. Direct Materials Used $24,700 $81,560 $54,230 Direct Labour Used $61,570 $74,890 $157,860 Factory Overhead $50,430 $139,930 $105,490 Total Manufacturing Costs $136,700 $296,380 $317,580 3. Total Manufacturing Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured 1. 136700 $120,720 $81,780 $ 125210 2. $296,380 $ $98,640 $321,660 $317,580 $470,610 $ $714,860 LINK TO TEXT
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials Used Direct Labor Total Manufacturing Manufacturing Overhead Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured $38,000 $80,000 $48,000 $120,000 $96,000 2 $149,000 $53,000 $90,000 $292,000 $98,000 $311,000 O $53,000 $116,000 $121,000 $290,000 $403,000 $515,000
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. $210,000 Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000...
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 $...
Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Manufacturing Costs $41,500 (1) (2) s (3) $65,000 $76,000 Factory Overhead $52,200 $143,000 $297,000 $59,000 $ $113,000 $311,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) $124,000 Cost of Goods Manufactured Work in Process (December 31) $85,900 $98,700 $323,800 $297,000 $ $311,000 $465,000 $719,000
Exercise 181 Fill in the missing information on the cost of goods manufactured schedule of Noland Manufacturing Company: NOLAND MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2016 Work in process (1/1) Direct materials Raw materials inventory (1/1) $340,000 Raw materials purchases 246,000 Raw materials available for use 37,000 Raw materials inventory (12/31) Direct materials used $255,000 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities 19,000 38,000 39,000 Total overhead Total manufacturing costs...
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
1. Determine the amount of the missing items, identifying them
by letter. Enter all amounts as positive numbers.
2. Prepare on Company's statement of cost of goods manufactured
for December .
3. Prepare on Company's income statement for December.
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off Materials inventory, December 1 Materials inventory, December...
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