can someone please help me with this
Raw material (RM) | Work in process (WIP)-cutting | ||||||
Beg.Bal. | $81,000 | $25,500 | Work in process-cutting | Beg.Bal | $193,500 | $144,850 | Work in process-stitching |
Raw material purchases | 100,000 | 57,600 | Factory overhead | Raw material | 25,500 | ||
End.Bal. | $97,900 | Factory wages | 23,100 | ||||
Factory overhead (25,500*150%) | 38,250 | ||||||
End.Bal. | $135,500 | ||||||
Work in process (WIP)-stitching | Factory Overhead | ||||||
Beg.Bal | $213,300 | $454,430 | Finished goods | Beg.Bal | $0 | $38,250 | Work in process (WIP)-cutting |
Work in process-cutting | 144,850 | Raw material | 57,600 | 110,880 | Work in process (WIP)-stitching | ||
Factory wages | 92,400 | Factory wages | 58,000 | ||||
Factory overhead (92,400*120% | 110,880 | Other overhead cost | 62,000 | ||||
End.Bal. | $107,000 | End.Bal | $28,470 | ||||
Factory wages payable | Finished Goods (FG) | ||||||
Cash | $173,500 | $23,100 | Work in process (WIP)-cutting | Beg.Bal. | $50,100 | $466,280 | Cost of goods sold |
92,400 | Work in process (WIP)-stitching | Work in process (WIP)-stitching | 454,430 | ||||
58,000 | Factory overhead | End.Bal. | $38,250 | ||||
$0 | End.Bal. | ||||||
Income Statement | |||||||
Sales | $856,000 | ||||||
Cost of goods sold | -466,280 | ||||||
Gross profit | $389,720 |
can someone please help me with this Required information The following information applies to the questions...
1 ! Required information Part 1 of 2 (The following information applies to the questions displayed below.) Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: 0.85 points Work in process inventory-cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 43,500 51,500 63,300 60,500 20,100 8,250 eBook The following additional information describes the...
10096 Required information (The following information applies to the questions displayed below) Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct material production at the beginning of the Cutting process. The following information is available regarding its May inve Beginning Ending Inventory Inventory Work in process inventory-Cutting 223,500 150,500 Work in process inventory-Stitching 243,300 116,300 Finished goods inventory 56,100 44,250 Collapse The following additional information describes the company's production activities for May. Direct materials Raw...
Please show the computation to obtain the answers. 12. Required information [The following information applies to the questions displayed below.) Part 1 of 2 0.58 points Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Ending Inventory Inventory $ 76,000 $ 91,750 183,500 130,500 Raw materials inventory Work in process inventory- Cutting Work in process...
Required information [The following information applies to the questions displayed below.] Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory 43,500 63,300 20,100 Ending Inventory 51,500 60,500 8,250 The following additional information describes the company's production activities for May. Direct materials Raw materials...
Required information [The following information applies to the questions displayed below.] Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 43,500 51,500 63,300 60,500 20,100 8,250 The following additional information describes the company's production activities for May. Direct materials Raw materials...
can someone help please? Problem 03-1A Production cost flow and measurement, journal entries LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Sierra Company manufactures soccer balls in two sequential processes. Cutting and Stitching. All direct naterials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory 153,500 173,300 42,100 Ending Inventory 115,500 94,600...
Required information Problem 20-1A Production cost flow and measurement; journal entries LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Inventory Ending Inventory Work in process inventory—Cutting 43,500 51,500 Work in process inventory—Stitching 63,300 60,500 Finished goods inventory 20,100 8,250 The...
Required information Problem 20-1A Production cost flow and measurement; journal entries LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Inventory Ending Inventory Work in process inventory—Cutting 43,500 51,500 Work in process inventory—Stitching 63,300 60,500 Finished goods inventory 20,100 8,250 The...
Acct 202... idk what the other boxes are, help me fill them with explanations to how you got the answers! Required Information [The following information applies to the questions displayed below) Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 73,500 75,500 93,300 69,800 26,100 14,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 40,000 Direct materials used-Cutting 22,500 Direct materials...