Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning...
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of goods sold $84,000 $114,000 $ (a) $ (b) $120,000 $53,000 $ (c) $118,000 $33,000 $ (d) $ (e) $104,000 $161,000 $27,000 $ (f)
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Cost of Goods Available for Sale Ending Inventory Purchases Cost of goods sold $129,000 $89,000 $119,000 (b) $58,000 $123,000 $42,000 (e) $109,000 $169,000 $35,000
BE5-2 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Cost of Goods Ending Cost of Inventory Purchases Available for Sale Inventory Goods Sold $250,000 $170,000 $50,000 $ (b) 108,000 70,000 (d) 90,000 75,000 (e) 130,000 38,000 75,000 95,000 45,000 (a) (0) (f)
Brief Exercise 5-1 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Costs of Goods available for sale Ending Inventory Cost of Goods sold $84,100 $101,500 $112,000 $53,100 $116,000 $37,000 $115,000 $156,000 $30,500
Brief Exercise 5-01 Presented below are the components in determining cost of goods sold. Determine the 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...
For each of the following, determine the missing amounts. Beginning Goods Available Cost of Ending Inventory Purchases for Sale Goods Sold Inventory 1 $20,000 ________ $55,000 $25,000 _______ 2 ______ $220,000 $250,000 _______ $40,000
Identify Items Missing in Determining Cost of Goods Sold For (a) through (e), identify the items designated by "X" and "Y", a. Purchases - (X+Y) - Net purchases. b. Net purchases + X - Cost of inventory purchased, 6. Inventory (beginning) + Cost of inventory purchased - X Purchases discounts, Freight in Purchases returns and allowances, Freight in d. Inventory available for sale - X = Cost of goods sold before estimated returns. e. Cost of goods sold before estimated...
Certain iter descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Elly Manufacturing Company Click the icon to view the schedule of cost of goods manufactured.) (Click the icon to view the income statement.) Fill in the blanks with the missing words, and replace the Xs with the correct amounts. Now we will fill in the missing information on the income statement. Select the heading, then complete the statement Elly Manufacturing...
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company: Administrative salaries (non-factory) $105,000 Administrative rent (non-factory) 52,500 Advertising and promotion expense 61,500 Depreciation-administrative 33,000 Depreciation-factory 45,000 Depreciation-selling 25,500 Direct labor 262,500 Factory rent 27,000 Factory supplies used 18,000 Finished goods inventory (January 1) 85,500 Finished goods inventory (December 31) 78,000 Indirect material used 21,000 Indirect labor 28,500 Materials inventory (January 1) 19,500 Materials inventory (December 31) 30,000 Net delivered cost...