Homework Answers
A.$59,000.
| cost of goods sold | 53,000 |
| add; ending finished goods | 24,000 |
| less; opening finished goods | (18,000) |
| cost of goods manufactured | 59,000 |
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View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of...
Question 34 of 50 -12 View Policies Current Attempt in Progress Vaughn Manufacturing has $23000 of...
Question 34 of 50 -12 View Policies Current Attempt in Progress Vaughn Manufacturing has $23000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inventory was $17000 and cost of goods sold was $52000, how much would Vaughn report for cost of goods manufactured? $75000 O $46000 $58000 $17000 Savor Late Attempts: 0 of 1 used Submit Answer
Question 5 of 6 < 073 TIL View Policies Show Attempt History Current Attempt in Progress...
Question 5 of 6 < 073 TIL View Policies Show Attempt History Current Attempt in Progress Marigold Corp. incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $123,900 67,500 8,420 116,200 24,600 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $49,600 23,400 24,000 41,100 53,000 Work in process inventory was $14,700 at January 1 and...
View Policies Current Attempt in Progress On January 1, 2017, Bramble Inc. purchased equipment for $44800....
View Policies Current Attempt in Progress On January 1, 2017, Bramble Inc. purchased equipment for $44800. The company is depreciating the equipment at the rate of $790 per month. At January 31, 2018, the balance in Accumulated Depreciation is $9480 $790. $10270 $34530 Save for Later Attempts: 0 of 1 used Submit Answer 103 Giv
please help with this accounting problem! Send to Gradebook Question 4 View Policies Current Attempt in Progress Ta...
please help with this accounting problem!
Send to Gradebook Question 4 View Policies Current Attempt in Progress Tamarisk, Inc. took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in the physical count were $29.000 of goods purchased from Sheffield Corp. FOB, shipping point, and $24,000 of goods sold to Wildhorse Co. for $33.000, FOB destination Both the Sheffield purchase and the Wildhorse sale were in transit at year-end. What amount should...
Question 1 View Policies Current Attempt in Progress Skysong Company uses a periodic inventory system. For...
Question 1 View Policies Current Attempt in Progress Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 270 410 $16 $4,320 197.790 April 15 purchase April 23 purchase 320 1,000 216,720 $18,830 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory Cost of goods sold $ $ Using multiple attempts will impact...
Question 1 of 2 ./15 E View Policies Current Attempt in Progress On January 6, Bramble...
Question 1 of 2 ./15 E View Policies Current Attempt in Progress On January 6, Bramble Corp. sells merchandise on account to Harley Inc. for 58,100, terms 3/10,130. On January 16, Harley pays the amount due Prepare the entries on Bramble Corp's books to record the sale and related collection (Omit cost of goods sold entries) (Credit account titles are automatically Indented when amount is entered. Do not indent vonually. Record journal entries in the order presented in the problem)...
the cost of the finished goods on hand from this job is? View Policies Current Attempt...
the cost of the finished goods on hand from this job is?
View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $20000; direct labor, $80000; manufacturing overhead applied, $10000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is $82500. $25000 $110000. $27500 Save for Later
Question 3 --12 View Policies Current Attempt in Progress Marigold Inc. uses the perpetual inventory system...
Question 3 --12 View Policies Current Attempt in Progress Marigold Inc. uses the perpetual inventory system and the weighted average cost formula to value inventories. On August 1, there were 6000 units valued at $14400 in the beginning inventory. On August 10, 10000 units were purchased for $8 per unit. On August 15, 8000 units were sold for $11 per unit. The amount charged to cost of goods on August 15 was $30400. $47200 $64000 $34400 Save for Later Attempts:...
View Policies Current Attempt in Progress At January 1, 2022, Sheffield Corp. reported Retained Earnings of...
View Policies Current Attempt in Progress At January 1, 2022, Sheffield Corp. reported Retained Earnings of $371000. During 2022, Sheffield had a net loss of $79500 and paid dividends to the stockholders of $53000. At December 31, 2022, the balance in Retained Earnings is O $291500 debit O $318000 credit O $371000 debit. O $238500 credit. Save for Later Attempts: 0 of 1 used Submit Answer
View Policies Current Attempt in Progress A process with no beginning work in process, completed and...
View Policies Current Attempt in Progress A process with no beginning work in process, completed and transferred out 85900 units during a period and had 49900 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period were: 95880 equivalent units. 72000 equivalent units. 85900 equivalent units. 135800 equivalent units. Save for Later Attempts: 0 of 1 used Submit Answer
Question 34 of 50 -12 View Policies Current Attempt in Progress Vaughn Manufacturing has $23000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inventory was $17000 and cost of goods sold was $52000, how much would Vaughn report for cost of goods manufactured? $75000 O $46000 $58000 $17000 Savor Late Attempts: 0 of 1 used Submit Answer
Question 5 of 6 < 073 TIL View Policies Show Attempt History Current Attempt in Progress Marigold Corp. incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $123,900 67,500 8,420 116,200 24,600 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $49,600 23,400 24,000 41,100 53,000 Work in process inventory was $14,700 at January 1 and...
View Policies Current Attempt in Progress On January 1, 2017, Bramble Inc. purchased equipment for $44800. The company is depreciating the equipment at the rate of $790 per month. At January 31, 2018, the balance in Accumulated Depreciation is $9480 $790. $10270 $34530 Save for Later Attempts: 0 of 1 used Submit Answer 103 Giv
please help with this accounting problem!
Send to Gradebook Question 4 View Policies Current Attempt in Progress Tamarisk, Inc. took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in the physical count were $29.000 of goods purchased from Sheffield Corp. FOB, shipping point, and $24,000 of goods sold to Wildhorse Co. for $33.000, FOB destination Both the Sheffield purchase and the Wildhorse sale were in transit at year-end. What amount should...
Question 1 View Policies Current Attempt in Progress Skysong Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 270 410 $16 $4,320 197.790 April 15 purchase April 23 purchase 320 1,000 216,720 $18,830 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory Cost of goods sold $ $ Using multiple attempts will impact...
Question 1 of 2 ./15 E View Policies Current Attempt in Progress On January 6, Bramble Corp. sells merchandise on account to Harley Inc. for 58,100, terms 3/10,130. On January 16, Harley pays the amount due Prepare the entries on Bramble Corp's books to record the sale and related collection (Omit cost of goods sold entries) (Credit account titles are automatically Indented when amount is entered. Do not indent vonually. Record journal entries in the order presented in the problem)...
the cost of the finished goods on hand from this job is?
View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $20000; direct labor, $80000; manufacturing overhead applied, $10000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is $82500. $25000 $110000. $27500 Save for Later
Question 3 --12 View Policies Current Attempt in Progress Marigold Inc. uses the perpetual inventory system and the weighted average cost formula to value inventories. On August 1, there were 6000 units valued at $14400 in the beginning inventory. On August 10, 10000 units were purchased for $8 per unit. On August 15, 8000 units were sold for $11 per unit. The amount charged to cost of goods on August 15 was $30400. $47200 $64000 $34400 Save for Later Attempts:...
View Policies Current Attempt in Progress At January 1, 2022, Sheffield Corp. reported Retained Earnings of $371000. During 2022, Sheffield had a net loss of $79500 and paid dividends to the stockholders of $53000. At December 31, 2022, the balance in Retained Earnings is O $291500 debit O $318000 credit O $371000 debit. O $238500 credit. Save for Later Attempts: 0 of 1 used Submit Answer
View Policies Current Attempt in Progress A process with no beginning work in process, completed and transferred out 85900 units during a period and had 49900 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period were: 95880 equivalent units. 72000 equivalent units. 85900 equivalent units. 135800 equivalent units. Save for Later Attempts: 0 of 1 used Submit Answer
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