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LAI and factory overhedu 7. d of the first month of operations in the current fiscal year: $75,000 25,000 24,000 Sales...... Materials inventory (January 1)....... Work in process inventory (January 1). Finished goods inventory (January 1).. Materials purchased... Direct labor cost.... Factory overhead (including $1,000 of indirect materials used and $3,000 of indirect labor cost)...... Selling and administrative expenses 32,000 21,000 18,000 12,000 10,000 Inventories at January 31: Materials .... Work in process.. Finished goods..... a. Prepare a statement of...
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Rochester Electronics, Inc. Statement of Cost of Goods
Manufactured for the month end November 30, 2016
ODULY PiULcUuuu. The adjusted trial balance for Rochester Electronics, Inc. on November 30, the end of its first month of operation, is as follows: $ 21,800 16,200 13,900 7400 300,000 Rochester Electronics, Inc. Trial Balance November 30, 2016 Cash .... ......................................... Accounts Receivable ............ Finished Goods... Work in Process ........... Materials.......... Building. Accumulated Depreciation-Building ...... Machinery and Equipment...... Accumulated Depreciation-Mach. and Equip. Accounts Payable...
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Exercise 01-11 Cost of goods sold computation LO P1 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Precision Unimart Manufacturing $194,000 $388,000 420,000 750,000 94,000 88,000 Compute cost of goods sold for each of these two companies for the year. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business. UNIMART Computation of Cost...
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Exercise 14-11 Cost of goods sold computation P1 Compute cost of goods sold for each of these two companies for the year. Check Unimart COGS, $660,000 в Unimart Precision Manufacturing $275,000 OWN $450,000 500,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 900,000 115.000 375,000
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Exercise 14-11 Cost of goods sold computation LO P1 Precision Manufacturing Unimart $156,000 $312,000 530,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 920,000 56,000 50,000 Compute cost of goods sold for each of these two companies for the year. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business. UNIMART Computation of Cost...
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1. value: 1.50 points QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 340,000 86,500 72,900 932,800 304,000 Cost of Goods Sold is Computed as: Cost of goods sold 2 . value: 1.50 points QS 14-10 Cost of...
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Exercise 14-11 Cost of goods sold computation LO P1 Precision Unimart Manufacturing $275,000 $450,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 500,000 900,000 115,000 375,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Merch Mfg Business Business Compute cost of goods sold for the company year ended December 31,...
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Exercise 14-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing $315,000 $630,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 460,000 840,000 215,000 209,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2015. Merchandising Business: UNIMART Partial Income Statement For Year Ended December 31, 2015 Cost of goods sold: Goods available for sale Cost of goods sold Manufacturing Business: PRECISION...
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Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production 33,000 Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. 47,000 36,000 20,000 30,000 25,000 19,000 Glenville Company Statement...
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OBJ.4 EX 22-16 Cost of goods sold budget ✓ Cost of goods sold, Dover Chemical Company uses oil to produce two types of plastic products, P1 and P2. $2,954,700 Dover budgeted 30,000 barrels of oil for purchase in April for $78 per barrel. Direct labor budgeted in the chemical process was $240,000 for April. Factory overhead was budgeted $375,000 during April. The inventories on April 1 were estimated to be: Oil ........ P1........... P2.... Work in process ........... $15,800 9,800...
LAI and factory overhedu 7. d of the first month of operations in the current fiscal year: $75,000 25,000 24,000 Sales...... Materials inventory (January 1)....... Work in process inventory (January 1). Finished goods inventory (January 1).. Materials purchased... Direct labor cost.... Factory overhead (including $1,000 of indirect materials used and $3,000 of indirect labor cost)...... Selling and administrative expenses 32,000 21,000 18,000 12,000 10,000 Inventories at January 31: Materials .... Work in process.. Finished goods..... a. Prepare a statement of...
Rochester Electronics, Inc. Statement of Cost of Goods
Manufactured for the month end November 30, 2016
ODULY PiULcUuuu. The adjusted trial balance for Rochester Electronics, Inc. on November 30, the end of its first month of operation, is as follows: $ 21,800 16,200 13,900 7400 300,000 Rochester Electronics, Inc. Trial Balance November 30, 2016 Cash .... ......................................... Accounts Receivable ............ Finished Goods... Work in Process ........... Materials.......... Building. Accumulated Depreciation-Building ...... Machinery and Equipment...... Accumulated Depreciation-Mach. and Equip. Accounts Payable...
Exercise 01-11 Cost of goods sold computation LO P1 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Precision Unimart Manufacturing $194,000 $388,000 420,000 750,000 94,000 88,000 Compute cost of goods sold for each of these two companies for the year. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business. UNIMART Computation of Cost...
Exercise 14-11 Cost of goods sold computation P1 Compute cost of goods sold for each of these two companies for the year. Check Unimart COGS, $660,000 в Unimart Precision Manufacturing $275,000 OWN $450,000 500,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 900,000 115.000 375,000
Exercise 14-11 Cost of goods sold computation LO P1 Precision Manufacturing Unimart $156,000 $312,000 530,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 920,000 56,000 50,000 Compute cost of goods sold for each of these two companies for the year. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business. UNIMART Computation of Cost...
1. value: 1.50 points QS 14-7 Cost of goods sold LO P1 Compute cost of goods sold for 2015 using the following information. $ Finished goods inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished goods inventory, Dec. 31, 2015 340,000 86,500 72,900 932,800 304,000 Cost of Goods Sold is Computed as: Cost of goods sold 2 . value: 1.50 points QS 14-10 Cost of...
Exercise 14-11 Cost of goods sold computation LO P1 Precision Unimart Manufacturing $275,000 $450,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 500,000 900,000 115,000 375,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Merch Mfg Business Business Compute cost of goods sold for the company year ended December 31,...
Exercise 14-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing $315,000 $630,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 460,000 840,000 215,000 209,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2015. Merchandising Business: UNIMART Partial Income Statement For Year Ended December 31, 2015 Cost of goods sold: Goods available for sale Cost of goods sold Manufacturing Business: PRECISION...
Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production 33,000 Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. 47,000 36,000 20,000 30,000 25,000 19,000 Glenville Company Statement...
OBJ.4 EX 22-16 Cost of goods sold budget ✓ Cost of goods sold, Dover Chemical Company uses oil to produce two types of plastic products, P1 and P2. $2,954,700 Dover budgeted 30,000 barrels of oil for purchase in April for $78 per barrel. Direct labor budgeted in the chemical process was $240,000 for April. Factory overhead was budgeted $375,000 during April. The inventories on April 1 were estimated to be: Oil ........ P1........... P2.... Work in process ........... $15,800 9,800...