raw materials purchased $ 900 Beginning raw materials 50 Direct materials used 790 Indire
|
raw materials purchased |
$ 900 |
|
|
Beginning raw materials |
50 |
|
|
Direct materials used |
790 |
|
|
Indirect materials requested |
35 |
|
|
Indirect labor |
150 |
|
|
Utilities - administration area |
99 |
|
|
Utilities - factory area |
210 |
|
|
Rent - adminstration |
100 |
|
|
Rent - factory |
250 |
|
|
Taxes - administration |
200 |
|
|
Taxes - factory |
400 |
|
|
Other - factory |
550 |
|
|
Other manufacturing overhead actual |
75 |
|
|
Direct labor |
250 |
|
|
Manufacturing overhead applied at 150% of direct costs |
125% |
|
|
Beginning WIP |
260 |
|
|
Ending WIP |
125 |
|
|
Beginning finished good |
20 |
|
|
Ending finished goods |
10 |
prepare a schedule of cost of goods manufactured ( please list each account individually do not combine in categories)
Homework Answers
Answer
- Required: Schedule of Cost of Goods Manufactured
|
Beginning WIP |
$260 |
|
|
Direct Material used |
$790 |
|
|
Direct Labor |
$250 |
|
|
Manufacturing Overhead applied ($250 x 150%) |
$375 |
|
|
Total manufacturing cost |
$1,415 |
|
|
Total cost of Work in Process |
$1,675 |
|
|
Less: Ending WIP |
$125 |
|
|
Cost of Goods manufactured |
$1,550 |
Add Answer to:
raw materials purchased
$ 900
Beginning raw materials
50
Direct materials used
790
Indire
Raw materials purchased $ 900 Beginning raw materials 50 Direct materials used 790 Indire
Raw materials purchased $ 900 Beginning raw materials 50 Direct materials used 790 Indirect materials requested 35 Indirect labor 150 Utilities - administration area 99 Utilities - factory area 210 Rent - adminstration 100 Rent - factory 250 Taxes - administration 200 Taxes - factory 400 Other - factory 550 Other manufacturing overhead actual 75 Direct labor 250 Manufacturing overhead applied at 150% of direct costs 125% Beginning WIP 260 Ending WIP 125 Beginning finished good 20 Ending finished goods...
Prepare the cost of goods manufactured schedule. $ Raw materials purchased Beginning raw materials Direct materials...
Prepare the cost of goods manufactured schedule.
$ Raw materials purchased Beginning raw materials Direct materials used Indirect materials requested Indirect labor Utilities - administration area Utilities - factory area Rent - adminstration Rent - factory Taxes - administration Taxes-factory Other factory Other manufacturing overhead actual Direct labor Manufacturing overhead applied at 150% of direct costs Beginning WIP Ending WIP Beginning finished good Ending finished goods 850 40 750 30 100 90 200 100 200 200 500 500 75 250...
Raw materials purchased $ 850 Beginning raw materials &nbs
Raw materials purchased $ 850 Beginning raw materials 40 Direct materials used 750 Indirect materials requested 30 Indirect labor 100 Utilities - administration area 90 Utilities - factory area 200 Rent - adminstration 100 Rent - factory 200 Taxes - administration 200 Taxes - factory 500 Other - factory 500 Other manufacturing overhead actual 75 Direct labor 250 Manufacturing overhead applied at 150% of direct costs 125% Beginning WIP 250 Ending WIP 125 Beginning finished good 20 Ending finished goods 15...
Prepare the cost of goods manufactured. Please keep in mind this is my second time posting...
Prepare the cost of goods manufactured.
Please keep in mind this is my second time posting this question
because the first answer was incorrect.
$ Raw materials purchased Beginning raw materials Direct materials used Indirect materials requested Indirect labor Utilities - administration area Utilities - factory area Rent - adminstration Rent - factory Taxes - administration Taxes-factory Other factory Other manufacturing overhead actual Direct labor Manufacturing overhead applied at 150% of direct costs Beginning WIP Ending WIP Beginning finished good...
850 40 750 30 100 90 Version N-Z Use the following data to prepare a schedule...
850 40 750 30 100 90 Version N-Z Use the following data to prepare a schedule of cost of goods manufactured for the year ending December 31, 2020, in a professional format Company name: Lock Masters, Inc. Raw materials purchased Beginning raw materials Direct materials used Indirect materials requested Indirect labor Utilities - administration area Utilities - factory area Rent - adminstration Rent - factory Taxes - administration Taxes - factory Other - factory Other manufacturing overhead actual Direct labor...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
please help me sold the Work-in-Process account : 1-Direct Raw Materials Used = 60 Direct Labor...
please help me sold the Work-in-Process account :
1-Direct Raw Materials Used = 60 Direct Labor = 70 Applied Manufacturing Overhead = 150 Beginning Balance = 25 & Ending Balance = 45 What amount was Cost of Goods Manufactured? 2-Direct Raw Materials Used = 90 Direct Labor = 90 Applied Manufacturing Overhead = 150 Beginning Balance = 30 Cost of goods Manufactured = 280 What amount was the WIP Ending Balance? 3-Direct Raw Materials Used = 80 Direct Labor =...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700 32,250 23,600 20,900 26, 200 5,500 10,500 9,700 28,500 2,100 4,700...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $13,000 16,880 10,600 34,750 21,000 20.600 22,900 7.620 9,150 13,600 28,500 2,200 5.900 44,500 60,...
Prepare the cost of goods manufactured schedule.
$ Raw materials purchased Beginning raw materials Direct materials used Indirect materials requested Indirect labor Utilities - administration area Utilities - factory area Rent - adminstration Rent - factory Taxes - administration Taxes-factory Other factory Other manufacturing overhead actual Direct labor Manufacturing overhead applied at 150% of direct costs Beginning WIP Ending WIP Beginning finished good Ending finished goods 850 40 750 30 100 90 200 100 200 200 500 500 75 250...
Prepare the cost of goods manufactured.
Please keep in mind this is my second time posting this question
because the first answer was incorrect.
$ Raw materials purchased Beginning raw materials Direct materials used Indirect materials requested Indirect labor Utilities - administration area Utilities - factory area Rent - adminstration Rent - factory Taxes - administration Taxes-factory Other factory Other manufacturing overhead actual Direct labor Manufacturing overhead applied at 150% of direct costs Beginning WIP Ending WIP Beginning finished good...
850 40 750 30 100 90 Version N-Z Use the following data to prepare a schedule of cost of goods manufactured for the year ending December 31, 2020, in a professional format Company name: Lock Masters, Inc. Raw materials purchased Beginning raw materials Direct materials used Indirect materials requested Indirect labor Utilities - administration area Utilities - factory area Rent - adminstration Rent - factory Taxes - administration Taxes - factory Other - factory Other manufacturing overhead actual Direct labor...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
please help me sold the Work-in-Process account :
1-Direct Raw Materials Used = 60 Direct Labor = 70 Applied Manufacturing Overhead = 150 Beginning Balance = 25 & Ending Balance = 45 What amount was Cost of Goods Manufactured? 2-Direct Raw Materials Used = 90 Direct Labor = 90 Applied Manufacturing Overhead = 150 Beginning Balance = 30 Cost of goods Manufactured = 280 What amount was the WIP Ending Balance? 3-Direct Raw Materials Used = 80 Direct Labor =...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700 32,250 23,600 20,900 26, 200 5,500 10,500 9,700 28,500 2,100 4,700...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $13,000 16,880 10,600 34,750 21,000 20.600 22,900 7.620 9,150 13,600 28,500 2,200 5.900 44,500 60,...
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