Homework Answers
| Allen Company | |||
| Schedule of Cost of Goods Manufactured | |||
| For the Year Ended December 31 | |||
| Beginning Work in Process Inventory | $5,500 | ||
| Direct Materials | $71,000 | ||
| Direct Labor | $37,000 | ||
| Factory Overhead: | |||
| Indirect Labor | $2,700 | ||
| Indirect Materials | $1,600 | ||
| Factory Utilities | $3,100 | ||
| Factory Maintenance | $4,500 | ||
| Factory Supplies | $1,800 | ||
| Depreciation | $7,900 | ||
| Property Taxes | $2,600 | $24,200 | |
| Total Manufacturing Costs Incurred | $132,200 | ||
| Total Manufacturing Costs | $137,700 | ||
| Less: Ending Work in Process Inventory | $7,500 | ||
| Cost of Goods Manufactured | $130,200 | ||
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Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the...
Allen Company used $71,000 of direct materlals and Incurred $37,000 of direct labor costs during the...
Allen Company used $71,000 of direct materlals and Incurred $37,000 of direct labor costs during the current year. Indirect labor amounted to $2,700, while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and ended the year with...
choose one to answer Allen Company used $71,000 of direct materials and incurred $37,000 of direct...
choose one to answer
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current period. Indirect abor amounted to $2,700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and...
. Alien Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during...
. Alien Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year Indirect labor amounted to $2,700 while indirect materials used totaled $1,600.other operating costs pertaining to the factory induded utilities of $3,100, antenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5.500 balance and ended the year with...
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Please Compete the following statement of goods manufactured. Franklin Company used $95,000 of direct materials and incurred $56,000 of direct labor costs during the current period. In addition, there was $2,900 of indirect labor amounted to $2,700 and $900 of indirect materials. Other factory costs included: utilities of $4,200, maintenance of $3,500, janitorial supplies of $2,300, depreciation of $9,900, and property taxes of $3,600. There was beginning and ending finished goods inventory of $3,000 and $2,000 respectively, and work in...
Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent...
Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $ 380,000 300,000 38,000 555,000 66,000 60,000 Inventories for the year were as follows: Materials Work-in-Process Finished Goods January 1 $ 25,000 45,000 135,000 December 31 $ 40,000 40,000 75,000 Required: 182. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. Cornelius Company Statement of Cost of Goods...
Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent...
Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $ 392,000 324,000 41,200 575,000 72,800 64,800 Inventories for the year were as follows: Materials Work-in-Process Finished Goods January 1 $ 29,000 47,000 143,000 December 31 $ 46,000 41,600 79,400 Required: 182. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. Comelius Company Statement of Cost of Goods...
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Cost of direct materials used in production Direct labor Work in process inventory, October 1 Work in process inventory, October 31 Total factory overhead $1,323,600 1,680,000 455,300 378,100 3,544,200 Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production Direct labor Factory overhead Total...
the product costs for the direct materials, direct labor, and overhead. Then the period costs for...
the
product costs for the direct materials, direct labor, and overhead.
Then the period costs for selling and admin. Then the totals
highlighted in yellow and the total manufacturing costs. also the
cost per table
Home Insert Draw Page Layout Formulas Data Review View Lucopy Calibri (tody 11A A | A6 : x x 1 ACCT 301 Week 6 W Costs for 500 tables Ind i scred during the Raw materials a re inte Costurando Sellings Dired later incurred during...
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Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent...
Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $ 408,500 357,000 45,600 602,500 82,150 71,400 Inventories for the year were as follows: Materials Work-in-Process Finished Goods January 1 $ 34,500 49,750 154,000 December 31 $ 54,250 43,800 85,450 Required: 1&2. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. For the Year Ended December 31 Direct...
Allen Company used $71,000 of direct materlals and Incurred $37,000 of direct labor costs during the current year. Indirect labor amounted to $2,700, while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and ended the year with...
choose one to answer
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current period. Indirect abor amounted to $2,700 while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and...
. Alien Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year Indirect labor amounted to $2,700 while indirect materials used totaled $1,600.other operating costs pertaining to the factory induded utilities of $3,100, antenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5.500 balance and ended the year with...
Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $ 380,000 300,000 38,000 555,000 66,000 60,000 Inventories for the year were as follows: Materials Work-in-Process Finished Goods January 1 $ 25,000 45,000 135,000 December 31 $ 40,000 40,000 75,000 Required: 182. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. Cornelius Company Statement of Cost of Goods...
Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $ 392,000 324,000 41,200 575,000 72,800 64,800 Inventories for the year were as follows: Materials Work-in-Process Finished Goods January 1 $ 29,000 47,000 143,000 December 31 $ 46,000 41,600 79,400 Required: 182. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. Comelius Company Statement of Cost of Goods...
Cost of direct materials used in production Direct labor Work in process inventory, October 1 Work in process inventory, October 31 Total factory overhead $1,323,600 1,680,000 455,300 378,100 3,544,200 Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production Direct labor Factory overhead Total...
the
product costs for the direct materials, direct labor, and overhead.
Then the period costs for selling and admin. Then the totals
highlighted in yellow and the total manufacturing costs. also the
cost per table
Home Insert Draw Page Layout Formulas Data Review View Lucopy Calibri (tody 11A A | A6 : x x 1 ACCT 301 Week 6 W Costs for 500 tables Ind i scred during the Raw materials a re inte Costurando Sellings Dired later incurred during...
Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $ 408,500 357,000 45,600 602,500 82,150 71,400 Inventories for the year were as follows: Materials Work-in-Process Finished Goods January 1 $ 34,500 49,750 154,000 December 31 $ 54,250 43,800 85,450 Required: 1&2. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. For the Year Ended December 31 Direct...
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