Calculate the missing amounts?
TThe Company Working Capital is 138,000 Dollars. The Work must be shown for each letter in order to recive credit.
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1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as...
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct...
25. Use the information below to calculate the missing amounts (shown by letters) in the Schedule...
25. Use the information below to calculate the missing amounts (shown by letters) in the Schedule of Cost of Goods Manufactured and the Schedule of Cost of Goods Sold. (6 Points) $ 102,000 Newenstle Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended January 31 WIP Inventory, beginning balance Current period manufacturing costs: Direct materials 118,000 Direct labor Manufacturing overhead 54,000 Total current period manufacturing costs Total cost of work in process WIP Inventory, ending balance Cost of Goods...
24. Use the information below to calculate the missing amounts (shown by letters) in the Schedule...
24. Use the information below to calculate the missing amounts (shown by letters) in the Schedule of Raw Materials Placed in Production and the Schedule of Cost of Goods Manufactured. (7 points) Cycle Manufacturing Company Schedule of Raw Materials Placed in Production Month Ended January 31 Raw Materials Inventory, beginning balance Current period raw materials purchases Raw materials available for production Raw Materials Inventory, ending balance Raw materials placed in production Indirect materials included in manufacturing overhead Direct materials placed...
1. Determine the amount of the missing items, identifying them by letter. Enter all amounts as...
1. Determine the amount of the missing items, identifying them
by letter. Enter all amounts as positive numbers.
2. Prepare on Company's statement of cost of goods manufactured
for December .
3. Prepare on Company's income statement for December.
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off Materials inventory, December 1 Materials inventory, December...
67 Use the information below to calculate the missing amounts (shown by letters in the Schedule...
67 Use the information below to calculate the missing amounts (shown by letters in the Schedule of Cod of Goods Manufactured and the Schedule of Cost of Goods Sold. 6 Points) S 102.000 Newcastle Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended January 31 WIP Inventory, beginning balance Current period manufacturing costs: Direct materials 118.000 Direct labor Manufacturing overhead 54,000 Total current period manufacturing costs Total cost of work in process WIP Inventory, ending balance Cost of Goods...
The following data were taken from the records of Action Company and Brown Company: (Dollar amounts...
The following data were taken from the records of Action Company and Brown Company: (Dollar amounts are in thousands) Current assets Current liabilities Working capital Current ratio Action Company $15,200 $14,400 Brown Company $10,400 $5,100 $5,100 204 $800 1.06 Based on these data, a supplier a. would be more eager to extend credit to Brown Company b. would be more eager to extend credit to Action Company. O c. would not be eager to extend credit to either company. O...
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1.390,000. $138,000 in...
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1.390,000. $138,000 in the common stock account, and $2,630,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,560,000, $148,000 in the common stock account and $2,930.000 in the additional paid-in surplus account The 2019 income statement showed an interest expense of $93.000 and the company paid out $143,000 in cash dividends during 2019. The firm's net capital spending for...
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,390,000, $138,000 in...
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,390,000, $138,000 in the common stock account and $2,630,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,560,000, $148,000 in the common stock account and $2,930,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $93,000 and the company paid out $143,000 in cash dividends during 2016. The firm's net capital spending for...
Exercise 1 UU UUUULLU UUM Suppose the following financial data were reported by 3M Company for...
Exercise 1 UU UUUULLU UUM Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,070 Accounts receivable, net 3,270 Inventories 2,693 Other current assets 1,932 Total current assets $10,965 Current liabilities $4,821 $1,908 3,180 3,047 1,616 $9,751 $5,869 a Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratiot Current ratio 2019 2020 Working capital...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.8 million. The machinery can...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.8 million. The machinery can be sold to the Romulans today for $7 million. Klingon's current balance sheet shows net fixed assets of $3.6 million, current liabilities of $790,000, and net working capital of $138,000. If all the current accounts were liquidated today, the company would receive $905,000 cash. a. What is the book value of Klingon's total assets today? (Do not round intermediate calculations and enter your answer...
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct...
25. Use the information below to calculate the missing amounts (shown by letters) in the Schedule of Cost of Goods Manufactured and the Schedule of Cost of Goods Sold. (6 Points) $ 102,000 Newenstle Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended January 31 WIP Inventory, beginning balance Current period manufacturing costs: Direct materials 118,000 Direct labor Manufacturing overhead 54,000 Total current period manufacturing costs Total cost of work in process WIP Inventory, ending balance Cost of Goods...
24. Use the information below to calculate the missing amounts (shown by letters) in the Schedule of Raw Materials Placed in Production and the Schedule of Cost of Goods Manufactured. (7 points) Cycle Manufacturing Company Schedule of Raw Materials Placed in Production Month Ended January 31 Raw Materials Inventory, beginning balance Current period raw materials purchases Raw materials available for production Raw Materials Inventory, ending balance Raw materials placed in production Indirect materials included in manufacturing overhead Direct materials placed...
1. Determine the amount of the missing items, identifying them
by letter. Enter all amounts as positive numbers.
2. Prepare on Company's statement of cost of goods manufactured
for December .
3. Prepare on Company's income statement for December.
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off Materials inventory, December 1 Materials inventory, December...
67 Use the information below to calculate the missing amounts (shown by letters in the Schedule of Cod of Goods Manufactured and the Schedule of Cost of Goods Sold. 6 Points) S 102.000 Newcastle Manufacturing Company Schedule of Cost of Goods Manufactured Month Ended January 31 WIP Inventory, beginning balance Current period manufacturing costs: Direct materials 118.000 Direct labor Manufacturing overhead 54,000 Total current period manufacturing costs Total cost of work in process WIP Inventory, ending balance Cost of Goods...
The following data were taken from the records of Action Company and Brown Company: (Dollar amounts are in thousands) Current assets Current liabilities Working capital Current ratio Action Company $15,200 $14,400 Brown Company $10,400 $5,100 $5,100 204 $800 1.06 Based on these data, a supplier a. would be more eager to extend credit to Brown Company b. would be more eager to extend credit to Action Company. O c. would not be eager to extend credit to either company. O...
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1.390,000. $138,000 in the common stock account, and $2,630,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,560,000, $148,000 in the common stock account and $2,930.000 in the additional paid-in surplus account The 2019 income statement showed an interest expense of $93.000 and the company paid out $143,000 in cash dividends during 2019. The firm's net capital spending for...
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,390,000, $138,000 in the common stock account and $2,630,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,560,000, $148,000 in the common stock account and $2,930,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $93,000 and the company paid out $143,000 in cash dividends during 2016. The firm's net capital spending for...
Exercise 1 UU UUUULLU UUM Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,070 Accounts receivable, net 3,270 Inventories 2,693 Other current assets 1,932 Total current assets $10,965 Current liabilities $4,821 $1,908 3,180 3,047 1,616 $9,751 $5,869 a Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratiot Current ratio 2019 2020 Working capital...
Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.8 million. The machinery can be sold to the Romulans today for $7 million. Klingon's current balance sheet shows net fixed assets of $3.6 million, current liabilities of $790,000, and net working capital of $138,000. If all the current accounts were liquidated today, the company would receive $905,000 cash. a. What is the book value of Klingon's total assets today? (Do not round intermediate calculations and enter your answer...
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