Homework Answers
| 1 | |
| Finished goods inventory, January 1 | 36000 |
| Add: Cost of goods manufactured | 540000 |
| Cost of goods available for sale | 576000 |
| Less: Finished goods inventory, December 31 | 41000 |
| Cost of goods sold | 535000 |
| $535,000 is correct option | |
| 2 | |
| Finished goods inventory, beginning | 28300 |
| Add: Cost of goods manufactured | 58500 |
| Cost of goods available for sale | 86800 |
| Less: Finished goods inventory, ending | 27600 |
| Cost of goods sold | 59200 |
| $59,200 is correct option |
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Using the information below, calculate cost of goods sold for the period 00 Sales revenues for...
Using the information below, calculate cost of goods sold for the period: Sales revenues for the...
Using the information below, calculate cost of goods sold for the period: Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,320,000 255,000 52,000 57,000 556,000 Multiple Choice $801,000 $806,000 $514,000 O $551,000
1 Using the information below, calculate cost of goods sold for the period: 033 points Sales...
1
Using the information below, calculate cost of goods sold for the period: 033 points Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,323,000 258,000 55,000 60,000 559,000 8 00:28:05
Can someone please help me with questions 4-6? Thanks 4.Which of the following are period costs?...
Can someone please help me with questions 4-6? Thanks
4.Which of the following are period costs? a. Raw materials b. Direct materials and direct labor c. Direct labor and manufacturing overhead d. Selling expenses 5.Current information for the Stellar Corporation follows: Beginning work in process inventory $17,900 Ending work in process inventory 19,300 Direct materials 147,000 Direct labor 85,000 Total factory overhead 63,100 Stellar Corporation's Cost of Goods Manufactured for the year is: a. $293,700. b. $313,000. c. $295,100. d....
Using the information below. calculate gross profit for the period! Sales revenues for the period Operating...
Using the information below. calculate gross profit for the period! Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,264,000 235,000 35,600 40,600 520,000 Multiple Choice O $432,800. $515.000 $749,000 o oo $510,000 0 $754,000
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials...
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory $ 40,000 Ending Raw Materials Inventory 31,600 Beginning Work in Process Inventory 70,000 Ending Work in Process Inventory 79,000 Beginning Finished Goods Inventory 102,500 Ending Finished Goods Inventory 82,000 Cost of Goods Sold for the period 555,000 Sales revenues for the period 1,269,000 Operating expenses for the period 247,000 Multiple Choice $534,500. $580,200. $575,500. $564,000. $543,500.
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials...
Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory $ 45,000 Ending Raw Materials Inventory 36,600 Beginning Work in Process Inventory 75,000 Ending Work in Process Inventory 84,000 Beginning Finished Goods Inventory 110,000 Ending Finished Goods Inventory 87,000 Cost of Goods Sold for the period 560,000 Sales revenues for the period 1,274,000 Operating expenses for the period 252,000 Multiple Choice $583,000. $546,000. $569,000. $537,000. $585,200.
2 Using the information below, calculate net income for the period: 0.33 Sales revenues for the...
2
Using the information below, calculate net income for the period: 0.33 Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,322,000 257,000 54,000 59,000 558,000 points X 00:27:40
Use the following data to calculate the cost of goods sold for the period: Beginning Raw...
Use the following data to calculate the cost of goods sold for the period: Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured for the period $ 30,000 70,000 40,000 46,000 72,000 68,000 246,000 Multiple Choice $250,000 $290,000. $242,000. $258,000. O $246.000.
4 Compute cost of goods sold for the period using the following information. 12.5 points Finished...
4 Compute cost of goods sold for the period using the following information. 12.5 points Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $364,000 87,000 76,500 938,500 289,000 eBook References Cost of Goods Sold is Computed as: Cost of goods sold $ Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending Cost of...
-17 Saved Compute cost of goods sold for the period using the following information. Finished goods...
-17 Saved Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $378,000 85,000 78,300 967,000 334,000 Cost of Goods Sold is Computed as: Cost of goods sold
Using the information below, calculate cost of goods sold for the period: Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,320,000 255,000 52,000 57,000 556,000 Multiple Choice $801,000 $806,000 $514,000 O $551,000
1
Using the information below, calculate cost of goods sold for the period: 033 points Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,323,000 258,000 55,000 60,000 559,000 8 00:28:05
Can someone please help me with questions 4-6? Thanks
4.Which of the following are period costs? a. Raw materials b. Direct materials and direct labor c. Direct labor and manufacturing overhead d. Selling expenses 5.Current information for the Stellar Corporation follows: Beginning work in process inventory $17,900 Ending work in process inventory 19,300 Direct materials 147,000 Direct labor 85,000 Total factory overhead 63,100 Stellar Corporation's Cost of Goods Manufactured for the year is: a. $293,700. b. $313,000. c. $295,100. d....
Using the information below. calculate gross profit for the period! Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,264,000 235,000 35,600 40,600 520,000 Multiple Choice O $432,800. $515.000 $749,000 o oo $510,000 0 $754,000
2
Using the information below, calculate net income for the period: 0.33 Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,322,000 257,000 54,000 59,000 558,000 points X 00:27:40
Use the following data to calculate the cost of goods sold for the period: Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured for the period $ 30,000 70,000 40,000 46,000 72,000 68,000 246,000 Multiple Choice $250,000 $290,000. $242,000. $258,000. O $246.000.
4 Compute cost of goods sold for the period using the following information. 12.5 points Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $364,000 87,000 76,500 938,500 289,000 eBook References Cost of Goods Sold is Computed as: Cost of goods sold $ Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending Cost of...
-17 Saved Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $378,000 85,000 78,300 967,000 334,000 Cost of Goods Sold is Computed as: Cost of goods sold
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