Homework Answers
During the month direct material transferd is $20000
And indirect material transfered is $5000 it will not form part of the balance of work in process hence
Ending balance in the work in process inventry account is $60000
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Do Homework Take a Quiz/Test The accounts of Delphinia Dreams, Inc. showed the following balances at...
The courts of Delphinia Dreams, Inc. showed the following bolero at the beginning of October B...
The courts of Delphinia Dreams, Inc. showed the following bolero at the beginning of October B 500 Raw Materials inventory Won Process invertory Frihed Goods Inventory Manufacturing Overhead During the th direct amounting to 2.000 and indo o ringo 1.000 were production What is the ending in the W o r y out foowing these two transactions OA $42.000 OB 14.000 G 510,000 OD 125.000
is vork ula/Test The accounts of Melissa Manufacturing showed the following balances at the beginning of...
is vork ula/Test The accounts of Melissa Manufacturing showed the following balances at the beginning of December Account Debit Raw Materials Inventory $60,000 Work-in - Process Inventory 76,000 Finished Goods Inventory 35,000 Manufacturing Overhead 20,000 The following transactions took place during the month, December 2. Issued direct materials $36.000 and indirect materials 5.000 to production December 15 incurred $4.000 and $5,000 toward factorys direct labor cost and indirect flabor cost respectively What should be the balance in the Work-in -...
This Quiz: 10 pts po nts Uniq Works purchased raw materials amounting to $130,000 on account...
This Quiz: 10 pts po nts Uniq Works purchased raw materials amounting to $130,000 on account and $20,000 for cash. The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction? work 150.000 uiz/Test 20.000 130.000 150,000 O A. Raw Materials Inventory Cash Accounts Payable OB. Work-in - Process Inventory Accounts Payable OC. Accounts Payable Cash Raw Materials Inventory OD. Finished Goods Inventory Accounts Payable 150...
Q5. Dreams Manufacturing, Inc. provided the following information for the year: Purchases Raw Materials $270.000 Plant...
Q5. Dreams Manufacturing, Inc. provided the following information for the year: Purchases Raw Materials $270.000 Plant Utilities and Insurance 202.500 Indirect Materials 35,250 Indirect Labor 14.250 Ending Balance - Work-in-Process Inventory 42.000 Ending Balance-Raw Materials Inventory 45.000 Direct Labor 352,500 Depreciation on Factory Plant and Equipment 18,000 Beginning Balance Work-in-Process Inventory 18,000 Beginning Balance Raw Materials Inventory 63,000 Required: Prepare a statement of the cost of goods manufactured using the following format: Schedule of Cost of Goods Manufactured Beginning Work-in-Process...
Q5. Dreams Manufacturing, Inc. provided the following information for the year: Purchases Raw Materials $270.000 Plant...
Q5. Dreams Manufacturing, Inc. provided the following information for the year: Purchases Raw Materials $270.000 Plant Utilities and Insurance 202.500 Indirect Materials 35,250 Indirect Labor 14.250 Ending Balance - Work-in-Process Inventory 42.000 Ending Balance-Raw Materials Inventory 45.000 Direct Labor 352,500 Depreciation on Factory Plant and Equipment 18,000 Beginning Balance Work-in-Process Inventory 18,000 Beginning Balance Raw Materials Inventory 63,000 Required: Prepare a statement of the cost of goods manufactured using the following format: Schedule of Cost of Goods Manufactured Beginning Work-in-Process...
Prepare summary Journal entries to record the following transactions for a company in its first month...
Prepare summary Journal entries to record the following transactions for a company in its first month of operations 00:52:15 a. Raw materials purchased on account, $80,000. b. Direct materials used in production, $37.000. Indirect materials used in production, $12,000 c. Pald cash for factory payroll, $35.000. Or this total, $25,000 is for direct labor and $10,000 is for indirect labor d. Pald cash for other actual overhead costs, $7.000. e. Applied overhead at the rate of 120% of direct labor...
Magic Lady Clean A Magical The Problem: Show all you work. From the account balances listed...
Magic Lady Clean A Magical The Problem: Show all you work. From the account balances listed below, prepare a schedule of cost of goods manufactured Sampson Manufacturing Company for the month ended December 31, 2016 Account Balances $42,000 Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1...
Required information The following selected account balances are provided for Delray Mfg. $ 1,152,000 38, 000...
Required information The following selected account balances are provided for Delray Mfg. $ 1,152,000 38, 000 57,800 63,100 152,200 228,000 16,600 54, 000 5,250 53,000 109, 000 129, 000 43,000 39,900 69, 000 Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory,...
Ch 14: Homework Assignment Required Information Use the following information for the Exercises below. The following...
Ch 14: Homework Assignment Required Information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct Labor Factory supplies used indirect materials) Indirect labor Repair Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory ending Work in process inventory ending Finished goods inventory, ending Exercise 14.13 Prepare...
Manufacturing Cost Flows with Machine Hours Allocation On April 1, Telecom Manufacturing Company's beginning balances in...
Manufacturing Cost Flows with Machine Hours Allocation On April 1, Telecom Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows: Raw Materials $35.000 Marutacturing Supplies 3.500 Work in Process 12.000 Manufacturing Overhead Finished Goods 50.000 During April, Telecom Manufacturing completed the following manufacturing transactions: 1. Purchased raw materials costing 560,000 and manufacturing supplies costing $2,000 on account. (Single Transaction) 2. Requisitioned raw materials costing $52,000 to the factory 3. Incurred direct labor costs of $18,000...
The courts of Delphinia Dreams, Inc. showed the following bolero at the beginning of October B 500 Raw Materials inventory Won Process invertory Frihed Goods Inventory Manufacturing Overhead During the th direct amounting to 2.000 and indo o ringo 1.000 were production What is the ending in the W o r y out foowing these two transactions OA $42.000 OB 14.000 G 510,000 OD 125.000
is vork ula/Test The accounts of Melissa Manufacturing showed the following balances at the beginning of December Account Debit Raw Materials Inventory $60,000 Work-in - Process Inventory 76,000 Finished Goods Inventory 35,000 Manufacturing Overhead 20,000 The following transactions took place during the month, December 2. Issued direct materials $36.000 and indirect materials 5.000 to production December 15 incurred $4.000 and $5,000 toward factorys direct labor cost and indirect flabor cost respectively What should be the balance in the Work-in -...
This Quiz: 10 pts po nts Uniq Works purchased raw materials amounting to $130,000 on account and $20,000 for cash. The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction? work 150.000 uiz/Test 20.000 130.000 150,000 O A. Raw Materials Inventory Cash Accounts Payable OB. Work-in - Process Inventory Accounts Payable OC. Accounts Payable Cash Raw Materials Inventory OD. Finished Goods Inventory Accounts Payable 150...
Q5. Dreams Manufacturing, Inc. provided the following information for the year: Purchases Raw Materials $270.000 Plant Utilities and Insurance 202.500 Indirect Materials 35,250 Indirect Labor 14.250 Ending Balance - Work-in-Process Inventory 42.000 Ending Balance-Raw Materials Inventory 45.000 Direct Labor 352,500 Depreciation on Factory Plant and Equipment 18,000 Beginning Balance Work-in-Process Inventory 18,000 Beginning Balance Raw Materials Inventory 63,000 Required: Prepare a statement of the cost of goods manufactured using the following format: Schedule of Cost of Goods Manufactured Beginning Work-in-Process...
Q5. Dreams Manufacturing, Inc. provided the following information for the year: Purchases Raw Materials $270.000 Plant Utilities and Insurance 202.500 Indirect Materials 35,250 Indirect Labor 14.250 Ending Balance - Work-in-Process Inventory 42.000 Ending Balance-Raw Materials Inventory 45.000 Direct Labor 352,500 Depreciation on Factory Plant and Equipment 18,000 Beginning Balance Work-in-Process Inventory 18,000 Beginning Balance Raw Materials Inventory 63,000 Required: Prepare a statement of the cost of goods manufactured using the following format: Schedule of Cost of Goods Manufactured Beginning Work-in-Process...
Prepare summary Journal entries to record the following transactions for a company in its first month of operations 00:52:15 a. Raw materials purchased on account, $80,000. b. Direct materials used in production, $37.000. Indirect materials used in production, $12,000 c. Pald cash for factory payroll, $35.000. Or this total, $25,000 is for direct labor and $10,000 is for indirect labor d. Pald cash for other actual overhead costs, $7.000. e. Applied overhead at the rate of 120% of direct labor...
Magic Lady Clean A Magical The Problem: Show all you work. From the account balances listed below, prepare a schedule of cost of goods manufactured Sampson Manufacturing Company for the month ended December 31, 2016 Account Balances $42,000 Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1...
Required information The following selected account balances are provided for Delray Mfg. $ 1,152,000 38, 000 57,800 63,100 152,200 228,000 16,600 54, 000 5,250 53,000 109, 000 129, 000 43,000 39,900 69, 000 Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory,...
Ch 14: Homework Assignment Required Information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct Labor Factory supplies used indirect materials) Indirect labor Repair Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory ending Work in process inventory ending Finished goods inventory, ending Exercise 14.13 Prepare...
Manufacturing Cost Flows with Machine Hours Allocation On April 1, Telecom Manufacturing Company's beginning balances in manufacturing accounts and finished goods inventory were as follows: Raw Materials $35.000 Marutacturing Supplies 3.500 Work in Process 12.000 Manufacturing Overhead Finished Goods 50.000 During April, Telecom Manufacturing completed the following manufacturing transactions: 1. Purchased raw materials costing 560,000 and manufacturing supplies costing $2,000 on account. (Single Transaction) 2. Requisitioned raw materials costing $52,000 to the factory 3. Incurred direct labor costs of $18,000...
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