Homework Answers
Raw material in the business is converted into work in progress and then to finished goods.
Here we don't have any information about the beginning raw material or it's purchases. We only know about work in process and the material consumed.
So, raw material at the end be calculated as
Raw material in the beginning + direct material consumed - work in process at the end
N/A+9990-7300 = 2690
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FYI: i only need the last three that are red and incorrect.
please zoom in if...
FYI: i only need the last 3 incorrect ones...zoom in if need be this is all...
FYI: i only need the last 3 incorrect ones...zoom in if need
be
this is all the info i have from the problem
Problem 1-3A (Video) Incomplete manufacturing costs, expenses, and selling data for two different cases a Your answer is correct. Indicate the missing amount for each letter. Case 1 2. Direct materials used $9,990 3960 (9) 8,360 4,100 Direct labor Manufacturing overhead 5,100 8,980 Total manufacturing costs 24070 (a) 16,420 Beginning work in process inventory 1,150 10360 (h)...
I need the answers to the questions in the red LTE STORSMART COMPANY Cost of Goods...
I
need the answers to the questions in the red
LTE STORSMART COMPANY Cost of Goods Manufactured Report For the Month of March Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials inventory Direct Materials used in Production Direct Labor Manufacturing Overhead Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Total Work in Process Loss Ending Work in Process Inventory Cost of Goods Mandured COMPANY For the Month of March Cost...
Supply the missing data in the four cases that follow. Each case is independent of the...
Supply the missing data in the four cases that follow. Each case
is independent of the others:
Supply the missing data in the four cases that follow. Each case is independent of the others: 7300 7.800 2,960 Direct materials Direct labour 1,660 5.400 8,600 21,960 2.480 8.800 20,480 Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 33, (3,500) S 15,560 4,940) S 19,800 S30,600 Income Statement Sales Beginning finished goods inventory...
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the...
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the missing amount for each letter. Case 1 2 Direct materials used $9,700 $ (g) Direct labor 5,100 8,170 Manufacturing overhead 8,900 4,130 Total manufacturing costs (a) 16,310 Beginning work in process inventory 1,240 (h) Ending work in process inventory (b) 3,980 Sales revenue 25,680 (i) Sales discounts 2,910 1,500 Cost of goods manufactured 17,830 22,980 Beginning finished goods inventory (c) 3,550 Goods available for...
Problem 2-1 The following information is available for Sipacore, Inc. for the fiscal year ending December...
Problem 2-1
The following information is available for Sipacore, Inc. for the
fiscal year ending December 31, 2017:
Beginning balance in Work in Process Inventory
$230,000
Ending balance in Work in Process Inventory
280,000
Beginning balance in Finished Goods Inventory
450,000
Ending balance in Finished Goods Inventory
380,000
Direct material cost
2,840,000
Direct labor cost
2,860,000
Manufacturing overhead
1,700,000
Selling and administrative expenses
1,310,000
Sales
8,560,000
Prepare a schedule of cost of goods manufactured.
Sipacore, Inc.
Schedule of Cost of...
I only need requirement 2 solved please! I believe my answer is correct, but not sure....
I only need requirement 2
solved please! I believe my answer is correct, but not sure.
Requirement 1. Prepare a schedule for the cost of goods manufactured for 2017 Begin by preparing the schedule of cost of goods manufactured in thousands). Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured. Beginning of 2017 24,000 23,000 13,000 Rouse Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of...
FYI: this is all ONE problem. please fill out in order and zoom in if need...
FYI: this is all ONE problem. please fill out in order and
zoom in if need be. thanks! thumbs up if all correct!!
Problem 1-4A (Video) The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $52,600 49,400 99,400...
Your answer is partially correct. Try again Indicate the missing amount for each letter Case 1...
Your answer is partially correct. Try again Indicate the missing amount for each letter Case 1 2 Direct materials used $9,890 3360 (g) $ Direct labor 5,670 8,450 Manufacturing overhead 8,640 5,100 Total manufacturing costs 24200 16,910 Beginning work in process inventory 1,370 9240 (h) Ending work in process inventory 3,750 7740 |(b) Sales revenue 25,110 29960 Sales discounts 2,770 1,990 17,830 22,400 Cost of goods manufactured Beginning finished goods inventory 3,590 4910 (c) Goods available for sale 22,740 25990...
Statement of Cost of Goods Manufactured from Percent Relationships Information about NuWay Products Company for the...
Statement of Cost of Goods Manufactured from Percent Relationships Information about NuWay Products Company for the year ending December 31, 2010, follows: Sales equal $500,000. Direct materials used total $51,000. Manufacturing overhead is 150 percent of direct labor dollars. The beginning inventory of finished goods is 20 percent of the cost of goods sold. The ending inventory of finished goods is twice the beginning inventory. The gross profit is 20 percent of sales. There is no beginning or ending work-in-process....
I just need help on the blanks under case 4, If you could show how you...
I just need help on the blanks under case 4, If you could show
how you did it, that would be super helpful!!
Case 2 3 Direct materials 4,800 5,800 10,800 21,400 Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold Gross margin Operating expenses Net income 6,300 $ 7,200 6,800...
FYI: i only need the last 3 incorrect ones...zoom in if need
be
this is all the info i have from the problem
Problem 1-3A (Video) Incomplete manufacturing costs, expenses, and selling data for two different cases a Your answer is correct. Indicate the missing amount for each letter. Case 1 2. Direct materials used $9,990 3960 (9) 8,360 4,100 Direct labor Manufacturing overhead 5,100 8,980 Total manufacturing costs 24070 (a) 16,420 Beginning work in process inventory 1,150 10360 (h)...
I
need the answers to the questions in the red
LTE STORSMART COMPANY Cost of Goods Manufactured Report For the Month of March Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials inventory Direct Materials used in Production Direct Labor Manufacturing Overhead Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Total Work in Process Loss Ending Work in Process Inventory Cost of Goods Mandured COMPANY For the Month of March Cost...
Supply the missing data in the four cases that follow. Each case
is independent of the others:
Supply the missing data in the four cases that follow. Each case is independent of the others: 7300 7.800 2,960 Direct materials Direct labour 1,660 5.400 8,600 21,960 2.480 8.800 20,480 Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 33, (3,500) S 15,560 4,940) S 19,800 S30,600 Income Statement Sales Beginning finished goods inventory...
Problem 2-1
The following information is available for Sipacore, Inc. for the
fiscal year ending December 31, 2017:
Beginning balance in Work in Process Inventory
$230,000
Ending balance in Work in Process Inventory
280,000
Beginning balance in Finished Goods Inventory
450,000
Ending balance in Finished Goods Inventory
380,000
Direct material cost
2,840,000
Direct labor cost
2,860,000
Manufacturing overhead
1,700,000
Selling and administrative expenses
1,310,000
Sales
8,560,000
Prepare a schedule of cost of goods manufactured.
Sipacore, Inc.
Schedule of Cost of...
I only need requirement 2
solved please! I believe my answer is correct, but not sure.
Requirement 1. Prepare a schedule for the cost of goods manufactured for 2017 Begin by preparing the schedule of cost of goods manufactured in thousands). Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured. Beginning of 2017 24,000 23,000 13,000 Rouse Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of...
FYI: this is all ONE problem. please fill out in order and
zoom in if need be. thanks! thumbs up if all correct!!
Problem 1-4A (Video) The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $52,600 49,400 99,400...
Your answer is partially correct. Try again Indicate the missing amount for each letter Case 1 2 Direct materials used $9,890 3360 (g) $ Direct labor 5,670 8,450 Manufacturing overhead 8,640 5,100 Total manufacturing costs 24200 16,910 Beginning work in process inventory 1,370 9240 (h) Ending work in process inventory 3,750 7740 |(b) Sales revenue 25,110 29960 Sales discounts 2,770 1,990 17,830 22,400 Cost of goods manufactured Beginning finished goods inventory 3,590 4910 (c) Goods available for sale 22,740 25990...
I just need help on the blanks under case 4, If you could show
how you did it, that would be super helpful!!
Case 2 3 Direct materials 4,800 5,800 10,800 21,400 Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory Cost of goods manufactured Goods available for sale Ending finished goods inventory Cost of goods sold Gross margin Operating expenses Net income 6,300 $ 7,200 6,800...
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