Sunland Company reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw materials...
Sunland Company reported the following year-end
information:
| Beginning work in process inventory | $1080000 |
| Beginning raw materials inventory | 300000 |
| Ending work in process inventory | 900000 |
| Ending raw materials inventory | 480000 |
| Raw materials purchased | 980000 |
| Direct labor | 920000 |
| Manufacturing overhead | 740000 |
Sunland Company's cost of goods manufactured for the year is
$2280000.
$2820000.
$2460000.
$2640000.
Homework Answers
| Sunland Company | ||
| Schedule of Cost of Goods Manufactured | ||
| Raw materials inventory , beginning | 300,000 | |
| Add:Raw materials purchases | 980,000 | |
| Raw Material available for use | 1,280,000 | |
| Less:Ending raw material inventory | -480,000 | |
| Raw material used | 800,000 | |
| Direct labor | 920,000 | |
| Manufacturing Overheads | 740,000 | |
| Total Manufacturing Cost | 2,460,000 | |
| Add :Work in process inventory, beginning | 1,080,000 | |
| Total cost of work in process | 3,540,000 | |
| Less: Work in process inventory, ending | -900,000 | |
| Cost of goods manufactured | $2,640,000 | |
Sunland Company's cost of goods manufactured for the year is $2640000.
Fourth option is correct.
Please give a positive rating if you are satisfied with this solution and if you have any query kindly ask.
Thanks!!!
Add Answer to:
Sunland Company reported the following year-end
information:
Beginning work in process
inventory
$1080000
Beginning raw materials...
Sheffield Corp.reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials...
Sheffield Corp.reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 900000 480000 970000 910000 730000 Sheffield Corp.'s cost of goods manufactured for the year is $2790000 $2610000 $2430000 $2250000 Save for Later Attempts: 0 of
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Pentex, Inc. reported the following year-end information: Beginning work in process inventory $3,400 Beginning raw materials...
Pentex, Inc. reported the following year-end information: Beginning work in process inventory $3,400 Beginning raw materials inventory 2,900 Ending work in process inventory *4,300 Ending raw materials inventory 1,800 Raw materials purchased 60,700 Direct labor 50,900 Manufacturing overhead 10,000 How much is the company's cost of goods manufactured for the year? $121,800 $122,700 $121,600 $120,700
Bonita Industries's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 Raw materials...
Bonita Industries's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 Raw materials $260000 inventory $210000 Work in process 300000 160000 inventory Finished goods 190000 150000 inventory During 2020. $750000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000 Bonita Industries's total manufacturing costs incurred in 2020 amounted to $2010000 O $1870000 $1970000. $2060000 Current Attempt in Progress Waterway Industries reported the following year-end information: $1080000 Beginning work in...
Almond Group reported the following year-end information: Beginning work in process inventory $200,000 Beginning raw materials...
Almond Group reported the following year-end information: Beginning work in process inventory $200,000 Beginning raw materials inventory 500,000 Ending work in process inventory 800,000 Ending raw materials inventory 500,000 Raw materials purchased 700,000 Direct labor 900,000 Manufacturing overhead 600,000 Almond's cost of goods manufactured for the year is $2,900,000. $2,800,000 $4,200,000. $1,600,000.
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process...
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 480000 9200000 820000 790000 Vaughn Manufacturing's cost of goods manufactured for the year is 0 $10450000. O $10990000. O $10810000. 0 $10630000. Question 8 Concord Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec....
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials...
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead S 35,000 18,000 38,000 15,000 560,000 210,000 120,000 How much is Wasson's total cost of work in process for the year? A) $890,000 B) $928,000 C) $893,000 D) $925,000 Cost of goods manufactured equals $85,000 for 2019. Finished goods inventory is $2,000 at the beginning of the...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost o...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost of goods manufactured, 5866.000, beginning finished goods Inventory, $252,000; ending work in process inventory. $220,000, and ending finished goods inventory, $264,000. Wowo Company's cost of goods sold for the year is a $854,000. b. $878,000 c. $826,000 d. $602,000. 35) Sir Company reported the following year-end information: Beginning work in process inventory $2.000.000 Beginning raw materials inventory 1,300,000 Ending work in process inventory 900,000 Ending...
Which of the following is not an element of manufacturing overhead? o Factory repairman's wages. Plant manager's salary...
Which of the following is not an element of manufacturing overhead? o Factory repairman's wages. Plant manager's salary. Sales manager's salary. O Product inspector's salary. Marigold Corp. reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 900000 480000 1020000 820000 820000 Marigold Corp.'s cost of goods manufactured for the year is $2480000. O $2840000. $2660000. O $2300000....
Sheffield Corp.reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 900000 480000 970000 910000 730000 Sheffield Corp.'s cost of goods manufactured for the year is $2790000 $2610000 $2430000 $2250000 Save for Later Attempts: 0 of
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Pentex, Inc. reported the following year-end information: Beginning work in process inventory $3,400 Beginning raw materials inventory 2,900 Ending work in process inventory *4,300 Ending raw materials inventory 1,800 Raw materials purchased 60,700 Direct labor 50,900 Manufacturing overhead 10,000 How much is the company's cost of goods manufactured for the year? $121,800 $122,700 $121,600 $120,700
Bonita Industries's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 Raw materials $260000 inventory $210000 Work in process 300000 160000 inventory Finished goods 190000 150000 inventory During 2020. $750000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000 Bonita Industries's total manufacturing costs incurred in 2020 amounted to $2010000 O $1870000 $1970000. $2060000 Current Attempt in Progress Waterway Industries reported the following year-end information: $1080000 Beginning work in...
Almond Group reported the following year-end information: Beginning work in process inventory $200,000 Beginning raw materials inventory 500,000 Ending work in process inventory 800,000 Ending raw materials inventory 500,000 Raw materials purchased 700,000 Direct labor 900,000 Manufacturing overhead 600,000 Almond's cost of goods manufactured for the year is $2,900,000. $2,800,000 $4,200,000. $1,600,000.
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 480000 9200000 820000 790000 Vaughn Manufacturing's cost of goods manufactured for the year is 0 $10450000. O $10990000. O $10810000. 0 $10630000. Question 8 Concord Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec....
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead S 35,000 18,000 38,000 15,000 560,000 210,000 120,000 How much is Wasson's total cost of work in process for the year? A) $890,000 B) $928,000 C) $893,000 D) $925,000 Cost of goods manufactured equals $85,000 for 2019. Finished goods inventory is $2,000 at the beginning of the...
34) Wowo Company reported the following year-end Information, beginning work in process inventory, $180,000; cost of goods manufactured, 5866.000, beginning finished goods Inventory, $252,000; ending work in process inventory. $220,000, and ending finished goods inventory, $264,000. Wowo Company's cost of goods sold for the year is a $854,000. b. $878,000 c. $826,000 d. $602,000. 35) Sir Company reported the following year-end information: Beginning work in process inventory $2.000.000 Beginning raw materials inventory 1,300,000 Ending work in process inventory 900,000 Ending...
Which of the following is not an element of manufacturing overhead? o Factory repairman's wages. Plant manager's salary. Sales manager's salary. O Product inspector's salary. Marigold Corp. reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 900000 480000 1020000 820000 820000 Marigold Corp.'s cost of goods manufactured for the year is $2480000. O $2840000. $2660000. O $2300000....
Most questions answered within 3 hours.
-
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 8 minutes ago -
Phosphorus violates the 'octet rule' in biological molecules,
forming more covalent bonds than expected based on...
asked 11 minutes ago -
A 1.3 eV electron has a 10-4 probability of tunneling
through a 2.4 eV potential barrier....
asked 30 minutes ago -
What is the one ingredient that is common to being successful
with all stakeholders?
profit
trust...
asked 29 minutes ago -
Write an assembly language 32 bit program that reads in lines of
text by a .txt...
asked 31 minutes ago -
what is the density ( in g/L) of hydrogen gas at 29 degrees C and a...
asked 40 minutes ago -
5-6. You are considering three investment alternatives for some
spare cash: Old Reliable Corporation stock (A1),...
asked 32 minutes ago -
Problem 16-02
Receivables Investment
Medwig Corporation has a DSO of 45 days. The company averages
$7,250...
asked 47 minutes ago -
Mr. Brown hired Lowe's Maintenance Services Limited to repair
and paint the exterior wall of his...
asked 47 minutes ago -
When might an index slow down the overall performance of the
database? Choose the best answer....
asked 53 minutes ago -
Due to a recession, expected inflation this year is only 2.25%.
However, the inflation rate in...
asked 54 minutes ago -
Write four functions: (IN PYTHON 3)
1) bound(l) - given a list of integers l, compute...
asked 56 minutes ago