Homework Answers
Working notes:-
1) Opening raw material inventory $32,000
+ Purchase of direct material $79,000
- closing raw material inventory ($35,000)
= Cost of direct material used $76,000
2) indirect labour. $18,000
+ Insurance on plant. $9,500
+ depreciation on plant and equipment $13,000
+ repairs and maintenance of plant $7,500
= Total cost of manufacturing overhead assigned $48,000
Calculations:-
Cost of goods manufactured:-
Cost of direct material used. $76,000
+ Cost of direct labour used. $90,000
+ Cost of manufacturing overhead assigned $48,000
+ Cost of opening work in progress. $53,000
- cost of closing work in progress. ($44,000)
= Cost of goods manufactured. $2,23,000
Add Answer to:
. st End of Year $ 9.500 Raw materials inventory Work in process inventory Finished goods...
and after this, cost of goods sold for current year please!. Compute the cost of Goods...
and after this, cost of goods sold for current year
please!.
Compute the cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay 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.) Materials available for use Less: Ending raw materials inventory 93,000 32,000 61,000 Direct materials used Calculate the cost of goods manufactured 38000 Crystal Bay Company Calculation of Cost...
w year-end in Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building...
w year-end in Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Beginning Ending prepare a sch ct cost if Davis 58,000 30,000 67,000 48,000 101,000 information to 46,000 Sche $ 20,000 159,000 22,000 43,000 11,000 30,000 or enter any nu Print Done We were unable to transcribe this imageRequirements 1. Use the information to prepare a schedule of cost of...
ure du Beginning $28,000 35,000 21,000 Ending Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other...
ure du Beginning $28,000 35,000 21,000 Ending Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Purchases of direct materials Direct labor Manufacturing overhead $ 30,000 31,000 22,000 $71,000 86,000 38,000 Print Done Clear A First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct Materials Used Direct Materials Used Choose from any list or enter any number in the input fields and then click Check Answer. 1 ramaining Clear All Direct Materials Used Total Manufacturing...
Compute the Cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay Company for...
Compute the Cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay 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.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Crystal Bay Company Calculation of Direct Materials Used For Current Year Plus: Less Direct materials used Choose from any list or enter any number in...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured i Data Table 27000 Beginning raw materials inventory Add:...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials E: (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured Add: Direct materials used Direct materials used i...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead, actual and allocated Direct Materials Used ods N Print Done many list or enter any number in the input fields and then click Check Answer Clear All Check Answer Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare a schedule of...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
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, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Now calculate the cost of goods sold. Crystal Bay Company Schedule of Cost of Goods Sold...
Now calculate the cost of goods sold. Crystal Bay Company Schedule of Cost of Goods Sold Cost of goods sold Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. E (Click the icon to view the data.) Beginning End End of Year of Year of Year Raw materials inventory ........$ 28,000 $ 32,000 Insurance on...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw...
$ 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, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
and after this, cost of goods sold for current year
please!.
Compute the cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay 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.) Materials available for use Less: Ending raw materials inventory 93,000 32,000 61,000 Direct materials used Calculate the cost of goods manufactured 38000 Crystal Bay Company Calculation of Cost...
w year-end in Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Beginning Ending prepare a sch ct cost if Davis 58,000 30,000 67,000 48,000 101,000 information to 46,000 Sche $ 20,000 159,000 22,000 43,000 11,000 30,000 or enter any nu Print Done We were unable to transcribe this imageRequirements 1. Use the information to prepare a schedule of cost of...
ure du Beginning $28,000 35,000 21,000 Ending Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Purchases of direct materials Direct labor Manufacturing overhead $ 30,000 31,000 22,000 $71,000 86,000 38,000 Print Done Clear A First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct Materials Used Direct Materials Used Choose from any list or enter any number in the input fields and then click Check Answer. 1 ramaining Clear All Direct Materials Used Total Manufacturing...
Compute the Cost of Goods Manufactured and Cost of Goods Sold for Crystal Bay 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.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Crystal Bay Company Calculation of Direct Materials Used For Current Year Plus: Less Direct materials used Choose from any list or enter any number in...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured i Data Table 27000 Beginning raw materials inventory Add:...
Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials E: (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured. Crystal Bay Company Schedule of Cost of Goods Manufactured Add: Direct materials used Direct materials used i...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead, actual and allocated Direct Materials Used ods N Print Done many list or enter any number in the input fields and then click Check Answer Clear All Check Answer Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare a schedule of...
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, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Now calculate the cost of goods sold. Crystal Bay Company Schedule of Cost of Goods Sold Cost of goods sold Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. E (Click the icon to view the data.) Beginning End End of Year of Year of Year Raw materials inventory ........$ 28,000 $ 32,000 Insurance on...
$ 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, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
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