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is vork ula/Test The accounts of Melissa Manufacturing showed the following balances at the beginning of...
Do Homework Take a Quiz/Test The accounts of Delphinia Dreams, Inc. showed the following balances at...
Do Homework Take a Quiz/Test The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October Account Debit Raw Materials Inventory $34000 Work-in - Process Inventory 40.000 Finished Goods Inventory 52 000 Manufacturing Overhead 21.000 During the month direct materials amounting to $20,000 and indirect materials amounting to 55.000 were issued to production What is the ending balance in the Work - In-Process Inventory account following these two transactions? O A 560.000 OB $12.000 C 540...
Factory deprecatro D) Factory depreciation is a product cost and I sold 12) Costs are transferred...
Factory deprecatro D) Factory depreciation is a product cost and I sold 12) Costs are transferred from the balance sheet to the income statement as cost of goods sold when A) finished goods are sold B) direct materials, direct labor and manufacturing overhead are transferred to the beginning Work-In-Process Inventory account the total of Cost of Goods Manufactured is determined D) goods are transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account 13) Lakeshore Manufacturing provided the...
10) On June 1, 2014, Dalton Productions had beginning balances as shown in the T-accounts below....
10) On June 1, 2014, Dalton Productions had beginning balances as shown in the T-accounts below. Materials inventory Work in process inventory 20,000 Finished goods inventory 10,000 25,000 41,000 During June, the following transactions took place: une 2: Issued $2,400 of direct materials and $200 of indirect materials to production e 13: Paid $7,500 of direct factory labor cost and $14,100 of indirect factory labor cost ollowing these transactions, what was the balance in the Manufacturing Overhead account? ) $50,900...
For last year, Lewisburn Manufacturing reported the following: Revenue $420,000 Beginning inventory of direct materials, January...
For last year, Lewisburn Manufacturing reported the following: Revenue $420,000 Beginning inventory of direct materials, January 1 22,000 Purchases of direct materials 146,000 Ending inventory of direct materials, December 31 16,000 Direct manufacturing labor 18,000 Indirect manufacturing costs 40,000 Beginning inventory of finished goods, January 1 35,000 Beginning inventory of work in process, January 1 4,000 Ending inventory of finished goods, December 31 36,000 Operating costs 140,000 Ending Inventory of work in process, December 31 110,000 What was Lewisbum's cost...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending)...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 21,500 $ 24,800 Work-in-process inventory 32,200 28,700 Finished goods inventory 5,100 7,200 Direct materials used during the year amount to $46,300 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) Direct materials inventory...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) Direct materials inventory Work-in-process inventory Finished goods inventory December 31 (Ending) $ 24,600 29,400 7,300 32,600 5,000 Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. 32,600 TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials: Beginning...
The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) (Ending)...
The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) (Ending) $22,000 $24,80€ Direct materials inventory Work-in-process inventory Finished goods inventory 32,400 28,800 5,600 6,800 Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials Materials available Direct materials used...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending)...
The following balances are from the accounts of Tappan
Parts:
January 1 (Beginning)
December 31 (Ending)
Direct materials inventory
$
22,500
$
25,200
Work-in-process inventory
32,100
29,000
Finished goods inventory
5,300
6,700
Direct materials used during the year amount to $46,200 and the
cost of goods sold for the year was $52,900.
Required:
Prepare a cost of goods sold statement
TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending)...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 22,400 $ 25,400 Work-in-process inventory 32,800 28,800 Finished goods inventory 5,400 6,700 Direct materials used during the year amount to $45,900 and the cost of goods sold for the year was $53,400. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning)...
The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning) (Ending) Direct materials inventory Work-in-process inventory Finished goods inventory $ 97,300 $ 109,400 105,900 44,600 109,100 42,400 Direct materials purchased during the year amount to $516,800, and the cost of goods sold for the year was $1,875,000 Required Prepare a cost of goods sold statement. CRAB TREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials...
Do Homework Take a Quiz/Test The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October Account Debit Raw Materials Inventory $34000 Work-in - Process Inventory 40.000 Finished Goods Inventory 52 000 Manufacturing Overhead 21.000 During the month direct materials amounting to $20,000 and indirect materials amounting to 55.000 were issued to production What is the ending balance in the Work - In-Process Inventory account following these two transactions? O A 560.000 OB $12.000 C 540...
Factory deprecatro D) Factory depreciation is a product cost and I sold 12) Costs are transferred from the balance sheet to the income statement as cost of goods sold when A) finished goods are sold B) direct materials, direct labor and manufacturing overhead are transferred to the beginning Work-In-Process Inventory account the total of Cost of Goods Manufactured is determined D) goods are transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account 13) Lakeshore Manufacturing provided the...
10) On June 1, 2014, Dalton Productions had beginning balances as shown in the T-accounts below. Materials inventory Work in process inventory 20,000 Finished goods inventory 10,000 25,000 41,000 During June, the following transactions took place: une 2: Issued $2,400 of direct materials and $200 of indirect materials to production e 13: Paid $7,500 of direct factory labor cost and $14,100 of indirect factory labor cost ollowing these transactions, what was the balance in the Manufacturing Overhead account? ) $50,900...
For last year, Lewisburn Manufacturing reported the following: Revenue $420,000 Beginning inventory of direct materials, January 1 22,000 Purchases of direct materials 146,000 Ending inventory of direct materials, December 31 16,000 Direct manufacturing labor 18,000 Indirect manufacturing costs 40,000 Beginning inventory of finished goods, January 1 35,000 Beginning inventory of work in process, January 1 4,000 Ending inventory of finished goods, December 31 36,000 Operating costs 140,000 Ending Inventory of work in process, December 31 110,000 What was Lewisbum's cost...
The following balances are from the accounts of Tappan Parts: January 1 (Beginning) Direct materials inventory Work-in-process inventory Finished goods inventory December 31 (Ending) $ 24,600 29,400 7,300 32,600 5,000 Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. 32,600 TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials: Beginning...
The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) (Ending) $22,000 $24,80€ Direct materials inventory Work-in-process inventory Finished goods inventory 32,400 28,800 5,600 6,800 Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials Materials available Direct materials used...
The following balances are from the accounts of Tappan
Parts:
January 1 (Beginning)
December 31 (Ending)
Direct materials inventory
$
22,500
$
25,200
Work-in-process inventory
32,100
29,000
Finished goods inventory
5,300
6,700
Direct materials used during the year amount to $46,200 and the
cost of goods sold for the year was $52,900.
Required:
Prepare a cost of goods sold statement
TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct...
The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning) (Ending) Direct materials inventory Work-in-process inventory Finished goods inventory $ 97,300 $ 109,400 105,900 44,600 109,100 42,400 Direct materials purchased during the year amount to $516,800, and the cost of goods sold for the year was $1,875,000 Required Prepare a cost of goods sold statement. CRAB TREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials...
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