Homework Answers
Cost of goods sold = Beginning inventory + Cost of goods manufactured - Ending inventory
= $5,000 + $74,500 - $3,000
= $76,500
The answer is Option B.
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Jasper, Inc. reports the following cost information for March Cost of Goods Manufactured $74,500 Manufacturing Overhead...
Jasper, Inc. reports the following cost information for March. What is the cost of goods sold...
Jasper, Inc. reports the following cost information for March. What is the cost of goods sold for March? Cost of Goods Manufactured Manufacturing Overhead Finished Goods Inventory, March 1 Finished Goods Inventory, March 31 Work-in - Process Inventory, March 1 Work-in - Process Inventory, March 31 Direct Materials Used $74,600 18,500 4,500 2,700 9,800 1,500 25,800 O A. $72,800 O B. $76,400 O c. $79,100 OD. $2,500
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3) XO, Inc. reports the following cost information for March ost of Goods Manufactured anufacturing Overhead...
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Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production $21,000 Direct labor 54,250 Factory overhead 35,000 Work in process inventory, March 1 87,500 Work in process inventory, March 31 92,750 Finished goods inventory, March 1 36,750 Finished goods inventory, March 31 42,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production $21,000 Direct labor 54,250 Factory overhead 35,000 87,500 Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 92,750 36,750 Finished goods inventory, March 31 42,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
1. calculate the cost of goods manufactured for march 2. calculate the balance in the work...
1. calculate the cost of goods manufactured for march
2. calculate the balance in the work in progress inventory
account as of march 31.
3. calculate the cost of goods sold for march.
4. calculate the balance in the finished goods inventory
account as of march 31.
Bonita Company produces high quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company...
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Cevilla Corporation has the following cost records for June 2018. Direct materials used $20,000 Direct labor...
Cevilla Corporation has the following cost records for June 2018. Direct materials used $20,000 Direct labor $40,000 Manufacturing overhead $13,300 Raw materials inventory, beginning $18,000 Raw materials inventory, ending $12,000 Work in process inventory, beginning $3.000 Work in process inventory, ending $3,800 Finished goods inventory, beginning $5,000 Finished goods inventory, ending $7,500 Calculate the cost of Goods Manufactured for the month ending June 2018. O A. $7,500 OB. $73,300 O c. $72,500 OD. $70,800
Jasper, Inc. reports the following cost information for March. What is the cost of goods sold for March? Cost of Goods Manufactured Manufacturing Overhead Finished Goods Inventory, March 1 Finished Goods Inventory, March 31 Work-in - Process Inventory, March 1 Work-in - Process Inventory, March 31 Direct Materials Used $74,600 18,500 4,500 2,700 9,800 1,500 25,800 O A. $72,800 O B. $76,400 O c. $79,100 OD. $2,500
ZITZUZU 4. Beckett, Inc. reports the following cost information for March: Cost of Goods Manufactured $72,000 Manufacturing Overhead 18,800 Finished Goods Inventory, March 1 3,000 Finished Goods Inventory, March 31 2,000 Work-in-Process Inventory, March 1 9,600 Work-in-Process Inventory, March 31 1,300 Direct Materials Used 25,210 What is the amount of direct labor incurred by Beckett, Inc. in March? O A. $63,700 OB. $19,690 O c. $6,410 OD. $72,000
3) XO, Inc. reports the following cost information for March ost of Goods Manufactured anufacturing Overhead inished Goods Inventory, March 1 inished Goods Inventory, March 31 ork-in-Process Inventory, March 1 Vork-in-Process Inventorv, March 31 irect Materials Used 74,000 18,300 5000 880 1220 25,950 What is the amount of direct labor incurred by XO in March? C) $7650 A) $74,000 B) $21,090 D) $65,340
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: $21,000 54,250 35,000 Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 87,500 92,750 36,750 42,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
eBook Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production$36,000 Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 45,000 37,000 27,000 36,250 24,000 17,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production $21,000 Direct labor 54,250 Factory overhead 35,000 Work in process inventory, March 1 87,500 Work in process inventory, March 31 92,750 Finished goods inventory, March 1 36,750 Finished goods inventory, March 31 42,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production $21,000 Direct labor 54,250 Factory overhead 35,000 87,500 Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 92,750 36,750 Finished goods inventory, March 31 42,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3...
1. calculate the cost of goods manufactured for march
2. calculate the balance in the work in progress inventory
account as of march 31.
3. calculate the cost of goods sold for march.
4. calculate the balance in the finished goods inventory
account as of march 31.
Bonita Company produces high quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict...
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $212,000 $182,320 Work in process 1 44,160 123,980 Finished goods 110,240 122,150 S. Direct labor Materials purchased during March Factory overhead incurred during March: $381,600 407,040 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March....
Cevilla Corporation has the following cost records for June 2018. Direct materials used $20,000 Direct labor $40,000 Manufacturing overhead $13,300 Raw materials inventory, beginning $18,000 Raw materials inventory, ending $12,000 Work in process inventory, beginning $3.000 Work in process inventory, ending $3,800 Finished goods inventory, beginning $5,000 Finished goods inventory, ending $7,500 Calculate the cost of Goods Manufactured for the month ending June 2018. O A. $7,500 OB. $73,300 O c. $72,500 OD. $70,800
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