Homework Answers
Working Note:
Inventory transferred into production = 16,500 X2 = 33,300 (since in 1 pair of shoes 2 heels are used however it's not given in question but it's obvious)
I hope this clear your doubt.
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Homework Saved Help Save & Exit Check my w Problem 18-4A Ending inventory computation and evaluation...
Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufacturered...
Listed here are the total costs associated with the 2017
production of 1,000 drum sets manufacturered by TrueBeat. The drum
sets sell fir$448 each.
X Don't forget t С ù https:// t.html Problem 18-4A Ending inventory computation and evaluation LO C4 Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in 6.25 points finished goods inventory and (b) 1600 heels at a cost of $18 each in...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,600 heels at a cost of $19 each in raw materials inventory. During 2017, the company purchased 47,000 additional heels at $19 each and manufactured 16,700 pairs of boots Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at December 31, 2017 Number of units Cost per...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,400 heels at a cost of $18 each in raw materials inventory. During 2017, the company purchased 43,000 additional heels at $18 each and manufactured 16,850 pairs of boots. Required 1. Determine the unit and dollar amounts of raw materials inventory in heels at December 31, 2017. Number of units Cost per...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,100 heels at a cost of $9 each in raw materials inventory. During 2017, the company purchased 47,000 additional heels at $9 each and manufactured 16,500 pairs of boots. Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at December 31, 2017. Number of units Cost per...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. At year-end, the company had (a)...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. At year-end, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,200 heels at a cost of $8 each in raw materials inventory. During the year, the company purchased 35,000 additional heels at $8 each and manufactured 16,600 pairs of boots. Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at year-end. Beginning inventory Purchases during the year Inventory available...
Help Se 6 Beginning inventory nufact Merchandise 343,000 Pinished goods $686,000 Cost of purchases Ending inventory...
Help Se 6 Beginning inventory nufact Merchandise 343,000 Pinished goods $686,000 Cost of purchases Ending inventory Finished goods 530,000 Cost of goods manufactured 920,000 Merchandise 243,000 237,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Business Mrg Business ended December 31, 2017 in Merchandising Compute cost of goods sold for the company year UNIMART Partial Income Statement For Year...
Required information [The following information applies to the questions displayed below.) The following calendar year-end information...
Required information [The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods,...
Perine Company has 2,376 pounds of raw materials in its December 31, 2016, ending inventory. Required...
Perine Company has 2,376 pounds
of raw materials in its December 31, 2016, ending inventory.
Required production for January and February of 2017 are 4,570 and
6,030 units, respectively. 2 pounds of raw materials are needed for
each unit, and the estimated cost per pound is $9. Management
desires an ending inventory equal to 26% of next month’s materials
requirements. Prepare the direct materials budget for January.
Perine Company has 2,376 pounds of raw materials in its December 31, 2016,...
pter 18 Homework Saved Help Save & Exit Subm Check my work 5 o 2 of...
pter 18 Homework Saved Help Save & Exit Subm Check my work 5 o 2 of 2 Required information Problem 18-1A Cost computation, classification, and analysis LO C2, C3 (The following information applies to the questions displayed below.) ts Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $455 each. Book Costs 1. Plastic for casing-$18,000 2. Wages of assembly workers-$84,000 3. Property taxes on factory-$6,000...
Perine Company has 3,822 pounds of raw materials in its December 31, 2016, ending inventory. Required...
Perine Company has 3,822 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,550 and 5,730 units, respectively, 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is 56. Management desires an ending inventory equal to 28% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to decimal places, eg: 5.275)
Listed here are the total costs associated with the 2017
production of 1,000 drum sets manufacturered by TrueBeat. The drum
sets sell fir$448 each.
X Don't forget t С ù https:// t.html Problem 18-4A Ending inventory computation and evaluation LO C4 Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in 6.25 points finished goods inventory and (b) 1600 heels at a cost of $18 each in...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,600 heels at a cost of $19 each in raw materials inventory. During 2017, the company purchased 47,000 additional heels at $19 each and manufactured 16,700 pairs of boots Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at December 31, 2017 Number of units Cost per...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,400 heels at a cost of $18 each in raw materials inventory. During 2017, the company purchased 43,000 additional heels at $18 each and manufactured 16,850 pairs of boots. Required 1. Determine the unit and dollar amounts of raw materials inventory in heels at December 31, 2017. Number of units Cost per...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,100 heels at a cost of $9 each in raw materials inventory. During 2017, the company purchased 47,000 additional heels at $9 each and manufactured 16,500 pairs of boots. Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at December 31, 2017. Number of units Cost per...
Nazaro's Boot Company makes specialty boots for the rodeo circuit. At year-end, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,200 heels at a cost of $8 each in raw materials inventory. During the year, the company purchased 35,000 additional heels at $8 each and manufactured 16,600 pairs of boots. Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at year-end. Beginning inventory Purchases during the year Inventory available...
Help Se 6 Beginning inventory nufact Merchandise 343,000 Pinished goods $686,000 Cost of purchases Ending inventory Finished goods 530,000 Cost of goods manufactured 920,000 Merchandise 243,000 237,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Business Mrg Business ended December 31, 2017 in Merchandising Compute cost of goods sold for the company year UNIMART Partial Income Statement For Year...
Required information [The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods,...
Perine Company has 2,376 pounds
of raw materials in its December 31, 2016, ending inventory.
Required production for January and February of 2017 are 4,570 and
6,030 units, respectively. 2 pounds of raw materials are needed for
each unit, and the estimated cost per pound is $9. Management
desires an ending inventory equal to 26% of next month’s materials
requirements. Prepare the direct materials budget for January.
Perine Company has 2,376 pounds of raw materials in its December 31, 2016,...
pter 18 Homework Saved Help Save & Exit Subm Check my work 5 o 2 of 2 Required information Problem 18-1A Cost computation, classification, and analysis LO C2, C3 (The following information applies to the questions displayed below.) ts Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $455 each. Book Costs 1. Plastic for casing-$18,000 2. Wages of assembly workers-$84,000 3. Property taxes on factory-$6,000...
Perine Company has 3,822 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,550 and 5,730 units, respectively, 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is 56. Management desires an ending inventory equal to 28% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to decimal places, eg: 5.275)
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