Homework Answers
Computation of Amount of material Purchased
| Particulars | Amount ($) |
| Direct Material transferred to work in progress | 20800 |
|
Add: Ending Balance |
7800 |
| Less: Opening Balance | -9400 |
| Amount of material purchased | 19200 |
Answer is ------------> $ 19200
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The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,300 ? Transferred Out Purchases ? End. Bal. 6,700 Cost of Goods Sold 60,000 Transferred Out Work-in-Process Inventory Beg. Bal. 7,800 ? Materials 18,600 Labor 13,800 Overhead 8,300 End. Bal. Finished...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,800 ? Transferred Out Purchases ? End. Bal. 7,200 Cost of Goods Sold 65,000 Work-in-Process Inventory Beg. Bal. 8,300 ? Transferred Out Materials 19,600 Labor 14,300 Overhead 8,800 End. Bal. ?...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,000 ? Transferred Out Purchases ? End. Bal. 6,400 Cost of Goods Sold 57,000 Work-in-Process Inventory Beg. Bal. 7,500 ? Transferred Out Materials 18,000 Labor 13,500 Overhead 8,000 End. Bal. ?...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,100 ? Transferred Out Purchases ? End. Bal. 6,500 Cost of Goods Sold 58,000 Work-in-Process Inventory Beg. Bal. 7,600 ? Transferred Out Materials 18,200 Labor 13,600 Overhead 8,100 End. Bal. ?...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 9,000 ? Transferred Out Purchases ? End. Bal. 7,400 Cost of Goods Sold 67,000 Work-in-Process Inventory Beg. Bal. 8,500 ? Transferred Out Materials 20,000 Labor 14,500 Overhead 9,000 End. Bal. ?...
please answer The financial records for the Harrison Manufacturing Company have been destroyed in a fire....
please
answer
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained From a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts Direct Materials Inventory Beg. Bal. 9,700 ? Transferred Out Purchases ? Cost of Goods Sold 74,000 Finished Goods Inventory Beg. Bal. Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Transferred Out Materials...
me financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following...
me financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained om a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing mounts Direct Materials Inventory Beg. Bal. 9,700 Transferred Out Purchases ? Cost of Goods Sold 74,000 Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Materials 21,400 Labor 15,200 Overhead 9,700 End. Bal. Finished Goods Inventory...
The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning...
The following trial balance was taken from the records of
Fairport Manufacturing Company at the beginning of Year 3.
The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning of Year 3. Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $43,400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400...
The financial records of Wildhorse Inc. were destroyed by fire at the end of 2020. Fortunately,...
The financial records of Wildhorse Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merchandise inventory was $82,800 and decreased 20% during the current year. 2. Sales discounts amount to $16,320. 3. 27,288 shares of common stock were outstanding for the entire year. 4. Interest expense was $20,800. 5. The income tax rate is 30%. 6. Cost of goods sold amounts...
The financial records of Wildhorse Inc. were destroyed by fire at the end of 2020. Fortunately,...
The financial records of Wildhorse Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merchandise inventory was $82,800 and decreased 20% during the current year. 2. Sales discounts amount to $16,320. 3. 27,288 shares of common stock were outstanding for the entire year. 4. Interest expense was $20,800. 5. The income tax rate is 30%. 6. Cost of goods sold amounts...
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts. Direct Materials Inventory Beg. Bal. 8,300 ? Transferred Out Purchases ? End. Bal. 6,700 Cost of Goods Sold 60,000 Transferred Out Work-in-Process Inventory Beg. Bal. 7,800 ? Materials 18,600 Labor 13,800 Overhead 8,300 End. Bal. Finished...
please
answer
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained From a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts Direct Materials Inventory Beg. Bal. 9,700 ? Transferred Out Purchases ? Cost of Goods Sold 74,000 Finished Goods Inventory Beg. Bal. Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Transferred Out Materials...
me financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained om a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing mounts Direct Materials Inventory Beg. Bal. 9,700 Transferred Out Purchases ? Cost of Goods Sold 74,000 Transferred Out End. Bal. 8,100 Work-in-Process Inventory Beg. Bal. 9,200 Materials 21,400 Labor 15,200 Overhead 9,700 End. Bal. Finished Goods Inventory...
The following trial balance was taken from the records of
Fairport Manufacturing Company at the beginning of Year 3.
The following trial balance was taken from the records of Fairport Manufacturing Company at the beginning of Year 3. Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $43,400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400...
The financial records of Wildhorse Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merchandise inventory was $82,800 and decreased 20% during the current year. 2. Sales discounts amount to $16,320. 3. 27,288 shares of common stock were outstanding for the entire year. 4. Interest expense was $20,800. 5. The income tax rate is 30%. 6. Cost of goods sold amounts...
The financial records of Wildhorse Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merchandise inventory was $82,800 and decreased 20% during the current year. 2. Sales discounts amount to $16,320. 3. 27,288 shares of common stock were outstanding for the entire year. 4. Interest expense was $20,800. 5. The income tax rate is 30%. 6. Cost of goods sold amounts...
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