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Foxburg Company has the following information: Materials $ 800 $2,100 Beginning inventory Ending inventory Purchases of...
Foxburg Company has the following information: Materials $ 800 $2,100 Beginning inventory Ending inventory Purchases of materials (net) Cost of Goods Sold Manufacturing overhead Work-in-ProcessFinished Goods $ 600 $ 700 $ 1,300 $1,500 $ 8,900 $16,800 $ 4,850 What was the cost of goods available for sale for the period?
Foxburg Company has the following information: Finished Goods $1,050 $2,200 Materials $1,150 $2,800 Beginning inventory Ending...
Foxburg Company has the following information: Finished Goods $1,050 $2,200 Materials $1,150 $2,800 Beginning inventory Ending inventory Purchases of materials (net) Cost of Goods Sold Manufacturing overhead Work-in-Process $ 950 $ 2,000 $10,300 $18,200 $ 5,550 What was the cost of goods available for sale for the period?
Foxburg Company has the following information: Work-in-Process Finished Goods Materials Beginning inventory $ 1,150 $...
Foxburg Company has the following information: Work-in-Process Finished Goods Materials Beginning inventory $ 1,150 $ 1,250 $ 1,350 Ending inventory $ 2,400 $ 2,600 $ 3,200 Purchases of materials $ 11,100 Cost of Goods Sold $ 19,000 Manufacturing overhead $ 5,950 What was the direct labor for the period?
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete,...
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory $4,300 $30,800 Manufacturing Overhead Applied Manufacturing Overhead Work in Process Inventory $5,450 locurred $32,800 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $500...
cises i Saved The following balances are from the accounts of Tappan Parts: Direct materials inventory...
cises i Saved The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,999 32,789 5,500 December 31 (Ending) $ 25,400 28,600 7,100 Direct materials used during the year amount to $46,000 and the cost of goods sold for the year was $52,700. Required: Prepare a cost of goods sold statement TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process Inventory Manufacturing...
1. Grover Company has the following data for the production and sale of 2,000 units. Sales...
1. Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unit Fixed costs: Marketing and administrative $ 400,000 per period Manufacturing overhead $ 200,000 per period Variable costs: Marketing and administrative $ 50 per unit Manufacturing overhead $ 80 per unit Direct labor $ 100 per unit Direct Materials $ 200 per unit What is the prime cost per unit? a.) $100 b.) $280 c.) $300 d.)...
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete,...
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory $4,300 Manufacturing Overhead Applied $30,800 Work in Process Inventory $5,450 Manufacturing Overhead Incurred $32,800 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials...
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete,...
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. $4,600 Manufacturing Overhead Applied $35,000 Work in Process Inventory $5,425 Manufacturing Overhead Incurred $29,800 Raw Materials Inventory Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton $700 Direct...
Selected financial information for the Company is presented in the following table (000s omitted). Sales revenue...
Selected financial information for the Company is presented in the following table (000s omitted). Sales revenue $4200 Purchases of direct materials $480 Direct labor $500 Manufacturing overhead $700 Operating expenses $680 Beginning raw materials inventory $290 Ending raw materials inventory $200 Beginning work in process inventory $410 Ending work in process inventory $460 Beginning finished goods inventory $340 Ending finished goods inventory $300 What was cost of goods sold? $960 $1790 $1680 O $1760
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of...
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. А в с Materials: Beginning inventory $ 78 $410 S 220 Purchases ? 1,750 1,000 Ending inventory 111 250 7 Total material used 495 ? 2 880 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 144 ? 110 Indirect labor 240 375 700 Other 7 500 680 Total manufacturing overhead 780 1,100 ?...
Foxburg Company has the following information: Materials $ 800 $2,100 Beginning inventory Ending inventory Purchases of materials (net) Cost of Goods Sold Manufacturing overhead Work-in-ProcessFinished Goods $ 600 $ 700 $ 1,300 $1,500 $ 8,900 $16,800 $ 4,850 What was the cost of goods available for sale for the period?
Foxburg Company has the following information: Finished Goods $1,050 $2,200 Materials $1,150 $2,800 Beginning inventory Ending inventory Purchases of materials (net) Cost of Goods Sold Manufacturing overhead Work-in-Process $ 950 $ 2,000 $10,300 $18,200 $ 5,550 What was the cost of goods available for sale for the period?
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory $4,300 $30,800 Manufacturing Overhead Applied Manufacturing Overhead Work in Process Inventory $5,450 locurred $32,800 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $500...
cises i Saved The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,999 32,789 5,500 December 31 (Ending) $ 25,400 28,600 7,100 Direct materials used during the year amount to $46,000 and the cost of goods sold for the year was $52,700. Required: Prepare a cost of goods sold statement TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process Inventory Manufacturing...
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. $4,600 Manufacturing Overhead Applied $35,000 Work in Process Inventory $5,425 Manufacturing Overhead Incurred $29,800 Raw Materials Inventory Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton $700 Direct...
Selected financial information for the Company is presented in the following table (000s omitted). Sales revenue $4200 Purchases of direct materials $480 Direct labor $500 Manufacturing overhead $700 Operating expenses $680 Beginning raw materials inventory $290 Ending raw materials inventory $200 Beginning work in process inventory $410 Ending work in process inventory $460 Beginning finished goods inventory $340 Ending finished goods inventory $300 What was cost of goods sold? $960 $1790 $1680 O $1760
Cost of Goods Manufactured and Sold The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. А в с Materials: Beginning inventory $ 78 $410 S 220 Purchases ? 1,750 1,000 Ending inventory 111 250 7 Total material used 495 ? 2 880 Direct labor 870 2,400 1,600 Manufacturing overhead: Indirect material 144 ? 110 Indirect labor 240 375 700 Other 7 500 680 Total manufacturing overhead 780 1,100 ?...
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