Homework Answers
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| CEPEDA CORPORATION | ||
| income Statement | ||
| For the month ended June 30, 2020 | ||
| Sales revenue | 88,360 | |
| Cost of goods sold: | ||
| Finished goods, beginning | 5,650 | |
| Cost of goods manufactured | 79,610 | |
| Cost of goods available for sale | 85,260 | |
| Finished goods ,ending | (8030) | |
| Cost of goods sold | (77,230) | |
| Gross profit | 11,130 |
| Cost of goods manufactured schedule | ||
| Work in process inventory, June 1 | 3970 | |
| Direct material used | 22410 | |
| Direct labor | 42100 | |
| Manufacturing overhead | ||
| Indirect labor | 4690 | |
| Factory manager's salary | 3930 | |
|
Indirect materials |
2810 | |
| Maintenance, factory equipment | 1910 | |
| Depreciation, factory equipment | 1770 | |
| Factory Utilities | 430 | |
| Total manufacturing overhead | 15540 | |
| Total manufacturing costs | 80050 | |
| Total cost of work in process | 84020 | |
| Less : work in process inventory, June 30 | (4410) | |
| Cost of goods manufactured | 79610 |
Add Answer to:
Prepare an income statement through gross profit for June 2020 assuming sales revenue is $88,360. Qu...
part B) Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,690...
part B)
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,690 Factory utilities $430 Direct materials used 22,410 Depreciation factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 4,410 Maintenance, factory equipment 1,910 2,810 Finished goods, 6/1/20 Finished goods, 6/30/20 5,650 Indirect materials 8,030 Factory manager's salary 3,930 Your Answer Correct Answer Your answer is correct. Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. $4,690 Factory utilities $430 Indirect factory labor Direct materials used 22,410 Depreciation, factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 1.910 4.410 5,650 Maintenance, factory equipment Indirect materials Finished goods, 6/1/20 2,810 Finished goods, 6/30/20 8,030 Factory manager's salary 3,930 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods...
help please Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with...
help please
Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows The company intends to classify these costs and expenses into the following categories: (a) direct materials. (b) direct labore manufacturing overhead, and (d) period costs. For each item, indicate the cost category to which it belongs. Item Category 1. Property taxes on the factory building. Production superintendents' salaries. Memory boards and chips used in assembling computers. Depreciation on the...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,600 Factory utilities...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,600 Factory utilities $410 1.500 Direct materials used 21,000 Depreciation, factory equipment 41,000 Work in process. 6/1/20 Work in process, 6/30/20 3,100 Direct labor 3.900 Maintenance, factory equipment 1.810 Finished goods, 6/1/20 Finished goods, 6/30/20 5.100 7,600 Indirect materials Factory manager's salary 2,100 3,100 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5.330 Factory utilities...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5.330 Factory utilities $440 Direct materials used Work in process, 6/1/20 22,580 3,910 Depreciation, factory equipment Direct labor 1,640 42,770 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 4,680 5,510 ,270 Maintenance, factory equipment Indirect materials Factory manager's salary 1,940 2.430 3.210 8 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule
Exercise 14-12 Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct...
Exercise 14-12 Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $5,000 Factory utilities 22,910 Depreciation, factory equipment 3,690 Direct labor 4,170 Maintenance, factory equipment 5,350 Indirect materials 8,480 Factory manager's salary $430 1,790 41,860 1,960 2,540 3,330 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule << ব য য...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,760 Factory utilities...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,760 Factory utilities $470 Direct materials used 22,680 Depreciation, factory equipment 1,540 Work in process, 6/1/20 3,540 Direct labor 42,930 Work in process, 6/30/204,880 Maintenance, factory equipment 1,850 Finished goods, 6/1/20 5,940 Indirect materials 2,820 Finished goods, 6/30/20 7,940 Factory manager's salary 3,120 (a) Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule Save for Later
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,150 Factory utilities...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,150 Factory utilities $500 Direct materials used 22,360 Depreciation, factory equipment 1,620 Work in process, 6/1/20 3,480 Direct labor 42,170 Work in process, 6/30/20 4,620 Maintenance, factory equipment 2,000 5,660 Indirect materials 2,600 Finished goods, 6/1/20 Finished goods, 6/30/20 7,680 Factory manager's salary 3,340 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule $ We were unable to transcribe...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,540 Factory utilities...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,540 Factory utilities $420 Direct materials used 22,490 Depreciation, factory equipment 1,760 41,640 Work in process, 6/1/20 Work in process, 6/30/20 3,340 4,470 Direct labor Maintenance, factory equipment 1,890 5,620 Indirect materials 2,530 Finished goods, 6/1/20 Finished goods, 6/30/20 8,410 Factory manager's salary 3,300 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $87,990. CEPEDA CORPORATION Income Statement (Partial)
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $5,070 22,870 3,260 3,910 6,070 7,840 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $430 1,570 41,420 1,900 2,400 3,680 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $87,760. CEPEDA CORPORATION Income Statement (Partial) $ $ +...
part B)
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,690 Factory utilities $430 Direct materials used 22,410 Depreciation factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 4,410 Maintenance, factory equipment 1,910 2,810 Finished goods, 6/1/20 Finished goods, 6/30/20 5,650 Indirect materials 8,030 Factory manager's salary 3,930 Your Answer Correct Answer Your answer is correct. Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. $4,690 Factory utilities $430 Indirect factory labor Direct materials used 22,410 Depreciation, factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 1.910 4.410 5,650 Maintenance, factory equipment Indirect materials Finished goods, 6/1/20 2,810 Finished goods, 6/30/20 8,030 Factory manager's salary 3,930 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods...
help please
Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows The company intends to classify these costs and expenses into the following categories: (a) direct materials. (b) direct labore manufacturing overhead, and (d) period costs. For each item, indicate the cost category to which it belongs. Item Category 1. Property taxes on the factory building. Production superintendents' salaries. Memory boards and chips used in assembling computers. Depreciation on the...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,600 Factory utilities $410 1.500 Direct materials used 21,000 Depreciation, factory equipment 41,000 Work in process. 6/1/20 Work in process, 6/30/20 3,100 Direct labor 3.900 Maintenance, factory equipment 1.810 Finished goods, 6/1/20 Finished goods, 6/30/20 5.100 7,600 Indirect materials Factory manager's salary 2,100 3,100 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5.330 Factory utilities $440 Direct materials used Work in process, 6/1/20 22,580 3,910 Depreciation, factory equipment Direct labor 1,640 42,770 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 4,680 5,510 ,270 Maintenance, factory equipment Indirect materials Factory manager's salary 1,940 2.430 3.210 8 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule
Exercise 14-12 Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $5,000 Factory utilities 22,910 Depreciation, factory equipment 3,690 Direct labor 4,170 Maintenance, factory equipment 5,350 Indirect materials 8,480 Factory manager's salary $430 1,790 41,860 1,960 2,540 3,330 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule << ব য য...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $4,760 Factory utilities $470 Direct materials used 22,680 Depreciation, factory equipment 1,540 Work in process, 6/1/20 3,540 Direct labor 42,930 Work in process, 6/30/204,880 Maintenance, factory equipment 1,850 Finished goods, 6/1/20 5,940 Indirect materials 2,820 Finished goods, 6/30/20 7,940 Factory manager's salary 3,120 (a) Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule Save for Later
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,150 Factory utilities $500 Direct materials used 22,360 Depreciation, factory equipment 1,620 Work in process, 6/1/20 3,480 Direct labor 42,170 Work in process, 6/30/20 4,620 Maintenance, factory equipment 2,000 5,660 Indirect materials 2,600 Finished goods, 6/1/20 Finished goods, 6/30/20 7,680 Factory manager's salary 3,340 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule $ We were unable to transcribe...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor $5,540 Factory utilities $420 Direct materials used 22,490 Depreciation, factory equipment 1,760 41,640 Work in process, 6/1/20 Work in process, 6/30/20 3,340 4,470 Direct labor Maintenance, factory equipment 1,890 5,620 Indirect materials 2,530 Finished goods, 6/1/20 Finished goods, 6/30/20 8,410 Factory manager's salary 3,300 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $87,990. CEPEDA CORPORATION Income Statement (Partial)
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $5,070 22,870 3,260 3,910 6,070 7,840 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $430 1,570 41,420 1,900 2,400 3,680 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $87,760. CEPEDA CORPORATION Income Statement (Partial) $ $ +...
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