Homework Answers
Answer:
Direct Materials Used = Beginning Raw Materials Inventory +
Direct Materials Purchases – Ending Raw Materials Inventory
Direct Materials Used = $20,000 + $75,000 - $26,000
Direct Materials Used = $69,000
Total Manufacturing Cost = Direct Materials used + Direct Labor
cost + Manufacturing Overhead
Costs
Total Manufacturing Cost = $69,000 + $89,000 + $42,000
Total Manufacturing Cost = $200,000
Cost of Goods Manufactured = Beginning Work in Process Inventory
+ Total Manufacturing Cost – Ending Work in process Inventory
Cost of Goods Manufactured = $38,000 + $200,000 - $34,000
Cost of Goods Manufactured = $204,000
Cost of Goods Sold = Beginning Finished Goods Inventory + Cost
of Goods Manufactured – Ending Finished Goods Inventory
Cost of Goods Sold = $14,000 + $204,000 - $22,000
Cost of Goods Sold = $196,000
Add Answer to:
I
just need a clear step by step om how to do this and the
formula....
StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning...
StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March Beginning Inventory Ending Inventory Raw materials Work in process Finished goods $33,000 25,000 60,000 $22,000 44,000 58,000 Additional information for the month of March follows Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Actual manufacturing overhead costs Seliling, general, and administrative expenses Sales revenue $84,000 10,000 55,000 85,000 86,000 58,000 450,000 1. Calculate the DM used during...
Need this tonight please! Deadline: 2/18 11:59p.m Please finish for me. Show calculations necessary, no excel....
Need this tonight please! Deadline: 2/18
11:59p.m
Please finish for me. Show calculations necessary, no
excel. Thank you.
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): $ $ 212,000 267,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ $ $ 156,000 367,000 354,000 Inventory balances at the beginning and end of the...
Need the income statement please. amounts and schedule shown in pics 2, 3, 4. Prepare the...
Need the income statement please. amounts and schedule shown
in pics 2, 3, 4.
Prepare the income statement for Crystal Bay Company for the most recent year, using the amounts and the schedule of cost of goods martered below. Asume that the company sold 37.000 units of its product ta price of $14 och during the year Click the been to view the amounts) Click the icon to view the schedule) Income Statement For Last Your Cost fonds sold Operating...
Use the following information for a manufacturer to compute the cost of goods manufactured and cost...
Use the following information for a manufacturer to compute the
cost of goods manufactured and cost of goods sold
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: 囲(Click the icon to view the information.) Schedule of Cost of Goods Manufactured and Cost of Goods Sold Data Table Direct Materials Used: Ending Inventories: Raw Materials Work-in-Process Finished Goods Other information Purchases of materials Direct labor Beginning $ 29,000 35,000 20,000 $...
Ex: Determine the Ending RM Inventory, "Total Manufacturing Costs, COGM, and Ending FG Inv. $1,500,000 COGM...
Ex: Determine the Ending RM Inventory, "Total Manufacturing Costs, COGM, and Ending FG Inv. $1,500,000 COGM Ending FG Inv. 74,000 39,000 198,000 67,000 195,000 101,200 26,000 63,000 Sales. Factory Maintenance..... Indirect Labour... Raw materials purchased. Factory Utilities. Raw materials used in production.... General and administrative expenses... Beginning WIP inventory.... Beginning FG inventory.... Ending WIP inventory.. Beginning RM inventory....... Selling expenses.... Direct labour...... Factory insurance..... Indirect materials... Depreciation, factory.. Cost of goods sold..... 34,000 13,000 97,600 283,000 49,000 37,600 60,000 805,000...
Superior Company provided the following data for the year ended December 31 (all raw materials are...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): $ $ 217,000 262,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ $ $ 159,000 369,000 352,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of Year End of Year $...
Superior Company provided the following data for the year ended December 31 (all raw materials are...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 212,000 $ 268,000 ? $ 157,000 $ 373,000 $ 354,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 54,000 Raw materials Work in process Finished goods Ending $ 36,000...
i dont know how to solve what is in blank. please help mpute the cost of...
i dont know how to solve what is in blank. please help
mpute the cost of Goods Manufactured and Cost of Goods Sold for Quality Acquatic Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials (Click the icon to view the data) ginning raw materials inventory 20,000 73,000 Purchases of direct materials aterials available for use 93,000 34,000 Data Table Ending raw materials inventory 59000 Beginning End of of...
Superior Company provided the following data for the year ended December 31 (all raw materials are...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) $218,800 selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead appl1 Actual manufacturing overhead cost $261,eee $151,eee n process 367,e0e $ 352,e9e Inventory balances at the beginning and end of the year were as follows: . Beginning of Year End of Year ences Raw naterials Work in process Finished goods 34,800 ?25,000 56,800 31,ee The...
6 Superior Company provided the following data for the year ended December 31 (all raw materials...
6 Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials: Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing over head cost $ 218,000 $ 268,000 . $ 155,000 $ 370,000 $ 356,000 Inventory balances et the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning $ 57,000 ?...
StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March Beginning Inventory Ending Inventory Raw materials Work in process Finished goods $33,000 25,000 60,000 $22,000 44,000 58,000 Additional information for the month of March follows Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Actual manufacturing overhead costs Seliling, general, and administrative expenses Sales revenue $84,000 10,000 55,000 85,000 86,000 58,000 450,000 1. Calculate the DM used during...
Need this tonight please! Deadline: 2/18
11:59p.m
Please finish for me. Show calculations necessary, no
excel. Thank you.
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): $ $ 212,000 267,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ $ $ 156,000 367,000 354,000 Inventory balances at the beginning and end of the...
Need the income statement please. amounts and schedule shown
in pics 2, 3, 4.
Prepare the income statement for Crystal Bay Company for the most recent year, using the amounts and the schedule of cost of goods martered below. Asume that the company sold 37.000 units of its product ta price of $14 och during the year Click the been to view the amounts) Click the icon to view the schedule) Income Statement For Last Your Cost fonds sold Operating...
Use the following information for a manufacturer to compute the
cost of goods manufactured and cost of goods sold
Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: 囲(Click the icon to view the information.) Schedule of Cost of Goods Manufactured and Cost of Goods Sold Data Table Direct Materials Used: Ending Inventories: Raw Materials Work-in-Process Finished Goods Other information Purchases of materials Direct labor Beginning $ 29,000 35,000 20,000 $...
Ex: Determine the Ending RM Inventory, "Total Manufacturing Costs, COGM, and Ending FG Inv. $1,500,000 COGM Ending FG Inv. 74,000 39,000 198,000 67,000 195,000 101,200 26,000 63,000 Sales. Factory Maintenance..... Indirect Labour... Raw materials purchased. Factory Utilities. Raw materials used in production.... General and administrative expenses... Beginning WIP inventory.... Beginning FG inventory.... Ending WIP inventory.. Beginning RM inventory....... Selling expenses.... Direct labour...... Factory insurance..... Indirect materials... Depreciation, factory.. Cost of goods sold..... 34,000 13,000 97,600 283,000 49,000 37,600 60,000 805,000...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): $ $ 217,000 262,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ $ $ 159,000 369,000 352,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of Year End of Year $...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 212,000 $ 268,000 ? $ 157,000 $ 373,000 $ 354,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 54,000 Raw materials Work in process Finished goods Ending $ 36,000...
i dont know how to solve what is in blank. please help
mpute the cost of Goods Manufactured and Cost of Goods Sold for Quality Acquatic Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials (Click the icon to view the data) ginning raw materials inventory 20,000 73,000 Purchases of direct materials aterials available for use 93,000 34,000 Data Table Ending raw materials inventory 59000 Beginning End of of...
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) $218,800 selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead appl1 Actual manufacturing overhead cost $261,eee $151,eee n process 367,e0e $ 352,e9e Inventory balances at the beginning and end of the year were as follows: . Beginning of Year End of Year ences Raw naterials Work in process Finished goods 34,800 ?25,000 56,800 31,ee The...
6 Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials: Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing over head cost $ 218,000 $ 268,000 . $ 155,000 $ 370,000 $ 356,000 Inventory balances et the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning $ 57,000 ?...
Most questions answered within 3 hours.
-
Compare and contrast the linear motion and angular motion
equations F ma and . That is,...
asked 13 minutes ago -
Now that this course has taken you on a journey of introduction
to the world of...
asked 53 minutes ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 1 hour ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 3 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 2 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 4 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 4 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 3 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 4 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 4 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 5 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 5 hours ago