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ignore the answer you calculated for cost of goods manufactured in Questions and assume the cost...
Ignore the answer you calculated for cost of goods manufactured in Question 5 and assume the...
Ignore the answer you calculated for cost of goods manufactured in Question 5 and assume the cost of goods manufactured is: $43.000 If the beginning balance of Finished Goods inventory in February is $4.000 and the ending balance of FG is $2,000. what is the cost of goods sold for February
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950; Direct...
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950; Direct materials used in production - $21,650; Direct materials purchased during the month - $23,000; Direct labor costs - 515,210 Wages paid to workers providing direct labor - $16,100; Depreciation on factory equipment $1,250; Insurance covering factory facilities - 51,100; Marketing expenses - 54,700, Factory supervisor salary - $3,500; Indirect manufacturing materials used $1.090, Insurance covering administrative facilities - $2,100 Depreciation on administrative office furnishings...
13.28 4,5,7 Cost of goods manufactured, cost of goods sold, and income statement Grand Slam Inc....
13.28 4,5,7 Cost of goods manufactured, cost of goods sold, and income statement Grand Slam Inc. incurred the following costs during March: Selling expenses Direct labor... Interest expense Manufacturing overhead, actual Raw materials used . Administrative expenses $31,675 56,628 8,213 40,950 92.196 24.600 Required: During the month, 3,900 units of product were manufactured and 2,200 units of product were sold. On March 1, GrandSlam carried no inventories. On March 31. there were no inventories for raw materials or work in...
Highlands Industries has the following budget information available for February: Units manufactured Factory administration Assembly Direct...
Highlands Industries has the following budget information available for February: Units manufactured Factory administration Assembly Direct materials Inspection Manufacturing overhead Product development Setup cost 30,000 $65,000 0.5 hour per unit X $12 2 pounds per unit X $4 $250 per batch of 1,000 units $5 per unit $20,000 $15 per batch of 1,000 units Use activity based costing to prepare a manufacturing cost budget for February. Clearly distinguish between unit, batch, and facility-level costs. Highlandsindustries Activity-Based Manufacturing Cost Budget For...
2-39 Income statement and schedule of cost of goods manufactured. The Howell Corporation has the following...
2-39 Income statement and schedule of cost of goods manufactured. The Howell Corporation has the following account balances (in millions): $15 For Specific Date For Year 2017 Direct materials inventory, Jan 1, 2017 Purchases of direct materials $325 Work-in-process inventory, Jan. 1, 2017 10 Direct manufacturing labor 100 Finished goods inventory, Jan. 1, 2017 Depreciation-plant and equipment Direct materials inventory, Dec. 31, 2017 Plant supervisory salaries Work-in-process inventory, Dec. 31, 2017 Miscellaneous plant overhead Finished goods inventory, Dec. 31, 2017...
CH2 KB. The cost of goods manufactured is calculated by Beginning FG-Current Manufacturing Costs - Ending...
CH2 KB. The cost of goods manufactured is calculated by Beginning FG-Current Manufacturing Costs - Ending FG Beginning FG + Current Manufacturing Costs - Ending FG Beginning WIP - Current Manufacturing Costs - Ending WIP Beginning WIP + Current Manufacturing Costs - Ending WIP
Please check my answers. Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour...
Please check my
answers.
Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5) Carlton Manufacturing Company provided the following details about operations in February: $ Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building 169,000 40,900 35, 100 60,200 3,650 46,400 28,600 18,800 4,650 22,600 114,000 The company...
requirement 2 complete the schedule of cost of goods manufactured step 3 not step 2 Requirement...
requirement 2 complete the schedule of cost of goods
manufactured step 3 not step 2
Requirement 2 Complete the Schedule of Cost of Goods Manufactured Always use cell references and formulas where appropriate to receive full credit. All values should be added as poutive number Fremont Troll House Cookies Schedule of Cost of Goods Manufactured Month Ended March 31, 2018 Beginning Work in Process Inventory Cost of Goods Manufactured Requirement 3 Using the results from Requirement 2, calculate the cost...
Assume the following information from a schedule of cost of goods manufactured:
Assume the following information from a schedule of cost of goods manufactured:Cost of goods manufactured$158,000Beginning work in process inventory$25,400Direct materials used in production$50,000Manufacturing overhead applied to work in process$90,000Total manufacturing costs added to production$200,000What is the ending work in process inventory?Multiple Choice$ 67,400$ 157,400$ 117,400$ 97,400
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured i Data Table 27000 Beginning raw materials inventory Add:...
Ignore the answer you calculated for cost of goods manufactured in Question 5 and assume the cost of goods manufactured is: $43.000 If the beginning balance of Finished Goods inventory in February is $4.000 and the ending balance of FG is $2,000. what is the cost of goods sold for February
Barry Company manufactures coats. The company accounting records during February show: Factory utilities - 5950; Direct materials used in production - $21,650; Direct materials purchased during the month - $23,000; Direct labor costs - 515,210 Wages paid to workers providing direct labor - $16,100; Depreciation on factory equipment $1,250; Insurance covering factory facilities - 51,100; Marketing expenses - 54,700, Factory supervisor salary - $3,500; Indirect manufacturing materials used $1.090, Insurance covering administrative facilities - $2,100 Depreciation on administrative office furnishings...
13.28 4,5,7 Cost of goods manufactured, cost of goods sold, and income statement Grand Slam Inc. incurred the following costs during March: Selling expenses Direct labor... Interest expense Manufacturing overhead, actual Raw materials used . Administrative expenses $31,675 56,628 8,213 40,950 92.196 24.600 Required: During the month, 3,900 units of product were manufactured and 2,200 units of product were sold. On March 1, GrandSlam carried no inventories. On March 31. there were no inventories for raw materials or work in...
Highlands Industries has the following budget information available for February: Units manufactured Factory administration Assembly Direct materials Inspection Manufacturing overhead Product development Setup cost 30,000 $65,000 0.5 hour per unit X $12 2 pounds per unit X $4 $250 per batch of 1,000 units $5 per unit $20,000 $15 per batch of 1,000 units Use activity based costing to prepare a manufacturing cost budget for February. Clearly distinguish between unit, batch, and facility-level costs. Highlandsindustries Activity-Based Manufacturing Cost Budget For...
2-39 Income statement and schedule of cost of goods manufactured. The Howell Corporation has the following account balances (in millions): $15 For Specific Date For Year 2017 Direct materials inventory, Jan 1, 2017 Purchases of direct materials $325 Work-in-process inventory, Jan. 1, 2017 10 Direct manufacturing labor 100 Finished goods inventory, Jan. 1, 2017 Depreciation-plant and equipment Direct materials inventory, Dec. 31, 2017 Plant supervisory salaries Work-in-process inventory, Dec. 31, 2017 Miscellaneous plant overhead Finished goods inventory, Dec. 31, 2017...
CH2 KB. The cost of goods manufactured is calculated by Beginning FG-Current Manufacturing Costs - Ending FG Beginning FG + Current Manufacturing Costs - Ending FG Beginning WIP - Current Manufacturing Costs - Ending WIP Beginning WIP + Current Manufacturing Costs - Ending WIP
Please check my
answers.
Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5) Carlton Manufacturing Company provided the following details about operations in February: $ Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building 169,000 40,900 35, 100 60,200 3,650 46,400 28,600 18,800 4,650 22,600 114,000 The company...
requirement 2 complete the schedule of cost of goods
manufactured step 3 not step 2
Requirement 2 Complete the Schedule of Cost of Goods Manufactured Always use cell references and formulas where appropriate to receive full credit. All values should be added as poutive number Fremont Troll House Cookies Schedule of Cost of Goods Manufactured Month Ended March 31, 2018 Beginning Work in Process Inventory Cost of Goods Manufactured Requirement 3 Using the results from Requirement 2, calculate the cost...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured i Data Table 27000 Beginning raw materials inventory Add:...
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