Homework Answers
Schedule of cost of goods manufactured
| Direct material used | ||
| Beginning direct material | 15750 | |
| Direct material purchase | 50000 | |
| Less: Ending direct material | -8000 | |
| Direct material used | 57750 | |
| Direct labor | 26000 | |
| Factory overhead | ||
| Factory supervisor salaries | 5750 | |
| Factory utilities | 1200 | |
| Factory rent | 17750 | |
| Total factory overhead | 24700 | |
| Total manufacturing cost | 108450 | |
| Beginning WIP | 2850 | |
| Less: Ending WIP | -3500 | |
| Cost of goods manufactured | 107800 | |
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Question 3 Access Ltd. has the below inventory balances and other information at the end of...
Question 3: Access Ltd has the below inventory balances and other information at the end of...
Question 3: Access Ltd has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory $ $ $ 15,750.00 2,850.00 2,200.00 $ $ $ 8,000.00 3,500.00 3,800.00 $ $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ $ 50,000.00 5,750.00 7.250,00 1.400.00 115,000.00 1.200,00 17.750,00 26,000.00 $ $...
Question 3: Excellence Ltd. has the below inventory balances and other information at the end of...
Question 3: Excellence Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending IS Direct Material Working in Process Inventory Finished Goods Inventory 17,750,000 $ 2.850.001S 4,200,0015 8,000.00 3,500.00 3,800.00 Is Other information Purchase of Direct Material Is Factory Supervisor Salaries S Sales Salaries and Commissions Delivery Cost Is Sales Revenue Factory Utility Costs S Factory Rent IS Direct Labor S 60,000.00 5,750,00 7,250,00 1.400.00 115,000.00 1.200,00 17,750,00 28,000.00 S Required: Please...
- Question 3: Excellence Ltd. has the below inventory balances and other information at the end...
- Question 3: Excellence Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory 17,750.00 2,850.00 4,200.00 $ 8,000.00 $ 3,500.00 $ 3,800.00 $ $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor 60,000.00 $ 5,750.00 $ 7,250.00 $ 1.400.00 $ 115,000.00 $ 1,200.00 $ 17.750.00 $...
Question 3: Success Ltd. has the below inventory balances and other information at the end of...
Question 3: Success Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material $ 11,750.00 $ 8,000.00 Working in Process Inventory $ 1,850.00 $ 3,500.00 Finished Goods Inventory 1,200.00 $ 3,800.00 $ $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 40,000.00 5,750.00 7,250.00 1,400.00 115,000.00 1,200.00 17,750.00 25,000.00 $ Required: Please calculate...
Question 3: Peter and Kim Ltd. has the below inventory balances and other information at the...
Question 3: Peter and Kim Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending $ $ Direct Material Working in Process Inventory Finished Goods Inventory 16,750.00 3,850.00 3,200.00 $ $ $ 8,000.00 3,500.00 3,800.00 $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 60,000.00 5,750.00 $ 7,250.00 $ 1,400.00 $ 115,000.00 $ 1,200.00 $...
Question 3: Excellence Ltd. has the below inventory balances and other information at the end of...
Question 3: Excellence Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory $ $ 17 750 00 2,850.00 4,200.00 $ $ $ 8,000.00 3,500.00 3800.00 $ Other information Purchase of Direct Material Factory Supervisor Salarios Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 60,000.00 $ 5750.00 $ 7,250.00 $ 140000 $ 115,000.00 $ 1,200.00...
Balance Beginning Ending Director $ 11,750.00 $ 8,000.00 Working in Process Inventory 1,850.00 $ 3,500.00 Finished...
Balance Beginning Ending Director $ 11,750.00 $ 8,000.00 Working in Process Inventory 1,850.00 $ 3,500.00 Finished Goods Inventory 1.200.00 $ 3,800.00 Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ $ $ $ $ $ $ 40,000.00 5.750.00 7.250.00 1,400.00 115,000.00 1.200.00 17.750.00 25,000.00 $ Required: Please calculate the amount of cost of goods manufactured.
Balances Beginalne Direct Material Working in Process Inventory Fished Goods Tmventory $ 12,150.00 $ $ 850.00...
Balances Beginalne Direct Material Working in Process Inventory Fished Goods Tmventory $ 12,150.00 $ $ 850.00 $ S 200.00 $ 8,000.00 3,500.00 3.800.00 S $ S Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor 45,000.00 5.750.00 7.250.00 1.400.00 S к 1.200.00 $ 17,750.00 23.000.00 S Requirement 1. Cost of Goods Manufactured 27=Direct Material Used 29 Direct Labor 31 Total Manufacturing Overhead Current Manufacturing Costs...
Help abri (Body) Open in Desktop App Ι I U ON A A Tell me what...
Help abri (Body) Open in Desktop App Ι I U ON A A Tell me what you want to do 16 V A A B Question 3: Evet Success Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material $ 11,750.00 $ 8,000.00 Working in Process Inventory $ 1,850.00 $ 3,500.00 Finished Goods Inventory $ 1,200.00 $ 3,800.00 Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and...
You are given the balances below from the records of XZY Ltd company for the month...
You are given the balances below from the records of XZY Ltd company for the month ended December 31, 2017. Account Balances Finished Goods Inventory, December 31 $84,000 Factory Supervisory Salaries 12,000 Raw Materials Inventory, December 1 24,000 Work In Process Inventory, December 31 15,000 Sales Salaries Expense 14,000 Factory Depreciation Expense 18,000 Finshed Goods Inventory, December 1 50,000 Raw Material Purchases 100,000 Work In process Inventory, December 1 30,000 Factory Utilities Expense 10,000 Direct Labor 80,000 Raw Material Inventory,...
Question 3: Access Ltd has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory $ $ $ 15,750.00 2,850.00 2,200.00 $ $ $ 8,000.00 3,500.00 3,800.00 $ $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ $ 50,000.00 5,750.00 7.250,00 1.400.00 115,000.00 1.200,00 17.750,00 26,000.00 $ $...
Question 3: Excellence Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending IS Direct Material Working in Process Inventory Finished Goods Inventory 17,750,000 $ 2.850.001S 4,200,0015 8,000.00 3,500.00 3,800.00 Is Other information Purchase of Direct Material Is Factory Supervisor Salaries S Sales Salaries and Commissions Delivery Cost Is Sales Revenue Factory Utility Costs S Factory Rent IS Direct Labor S 60,000.00 5,750,00 7,250,00 1.400.00 115,000.00 1.200,00 17,750,00 28,000.00 S Required: Please...
- Question 3: Excellence Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory 17,750.00 2,850.00 4,200.00 $ 8,000.00 $ 3,500.00 $ 3,800.00 $ $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor 60,000.00 $ 5,750.00 $ 7,250.00 $ 1.400.00 $ 115,000.00 $ 1,200.00 $ 17.750.00 $...
Question 3: Success Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material $ 11,750.00 $ 8,000.00 Working in Process Inventory $ 1,850.00 $ 3,500.00 Finished Goods Inventory 1,200.00 $ 3,800.00 $ $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 40,000.00 5,750.00 7,250.00 1,400.00 115,000.00 1,200.00 17,750.00 25,000.00 $ Required: Please calculate...
Question 3: Peter and Kim Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending $ $ Direct Material Working in Process Inventory Finished Goods Inventory 16,750.00 3,850.00 3,200.00 $ $ $ 8,000.00 3,500.00 3,800.00 $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 60,000.00 5,750.00 $ 7,250.00 $ 1,400.00 $ 115,000.00 $ 1,200.00 $...
Question 3: Excellence Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory $ $ 17 750 00 2,850.00 4,200.00 $ $ $ 8,000.00 3,500.00 3800.00 $ Other information Purchase of Direct Material Factory Supervisor Salarios Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 60,000.00 $ 5750.00 $ 7,250.00 $ 140000 $ 115,000.00 $ 1,200.00...
Balance Beginning Ending Director $ 11,750.00 $ 8,000.00 Working in Process Inventory 1,850.00 $ 3,500.00 Finished Goods Inventory 1.200.00 $ 3,800.00 Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ $ $ $ $ $ $ 40,000.00 5.750.00 7.250.00 1,400.00 115,000.00 1.200.00 17.750.00 25,000.00 $ Required: Please calculate the amount of cost of goods manufactured.
Balances Beginalne Direct Material Working in Process Inventory Fished Goods Tmventory $ 12,150.00 $ $ 850.00 $ S 200.00 $ 8,000.00 3,500.00 3.800.00 S $ S Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor 45,000.00 5.750.00 7.250.00 1.400.00 S к 1.200.00 $ 17,750.00 23.000.00 S Requirement 1. Cost of Goods Manufactured 27=Direct Material Used 29 Direct Labor 31 Total Manufacturing Overhead Current Manufacturing Costs...
Help abri (Body) Open in Desktop App Ι I U ON A A Tell me what you want to do 16 V A A B Question 3: Evet Success Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material $ 11,750.00 $ 8,000.00 Working in Process Inventory $ 1,850.00 $ 3,500.00 Finished Goods Inventory $ 1,200.00 $ 3,800.00 Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and...
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