Inventories: August 1 August 31 Raw materials: $15,000 ? Work in process: $11,000 $10,000 Finished goods:...
Inventories: August 1 August 31
Raw materials: $15,000 ?
Work in process: $11,000 $10,000
Finished goods: ? $7.000
Additional Data:
Direct labor costs $8,000
Manufacturing overhead costs $10,000
Cost of goods manufactured $26,000
Advertising and selling costs $7.000
Raw materials purchases $9,000
What was the ending. raw materials inventory on August 31?
A) $17,000
B) $13,000
C) $31,000
D) $24,000
Homework Answers
Add Answer to:
Inventories: August 1 August 31
Raw materials: $15,000 ?
Work in process: $11,000 $10,000
Finished goods:...
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials...
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24,000 Work in process $23,000 $17,000 Finished goods $37,000 $55,000 Additional information: Raw materials purchases $61,000 Direct labor cost $94,000 Manufacturing overhead cost incurred $54,000 Manufacturing overhead cost applied to Work in Process $56,000 The cost of goods manufactured for August is: $227,000 $229,000 $219,000 $217,000 Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials...
Data Table Ending Beginning S 24,000 36,000 15,000 Inventories: Raw Materials Work-in-Process Finished Goods Other information:...
Data Table Ending Beginning S 24,000 36,000 15,000 Inventories: Raw Materials Work-in-Process Finished Goods Other information: Purchases of materials Direct labor Manufacturing overhead $ 27,000 27 000 21,000 $ 74,000 88,000 46.000 Print Done 을 https://www.mathxl.com/Student PlayerHomework.aspx?homeworkld-512043875&questionld«A&flus ACC350 SP19 ETR700A Homework: Topic 1 Homework (Chapter 18) Score: 6.92 of 10 pts gel 8-23 (similar to) Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold ( 囲(Click the icon to view the...
Problem 2 Comprehensive Problem Consider the following information: 1.Jan-20 31-Dec-20 Inventories: Direct Materials Work in Process...
Problem 2 Comprehensive Problem Consider the following information: 1.Jan-20 31-Dec-20 Inventories: Direct Materials Work in Process Finished Goods $11,000 13,000 9,500 $8,000 12,000 6,500 Cost Incurred: Direct materials purchases $56,000 44,000 Direct Labor Factory Rent Factory Utilities Indirect Materials Indirect Labor Selling Expenses Administrative Expenses 24,000 3,000 6,000 9,000 10,000 7,000 Prepare the following: A. Schedule of direct materials used 3 points B. Compute the manufacturing overhead incurred during the period. 4 points C. Prepare a schedule of Cost of...
If net operating income was $50,000 Then the beginning finished goods inventory was howmuch? Use the...
If net operating income was $50,000
Then the beginning finished goods inventory was howmuch?
Use the following to answer the next two questions The Argyle Company has provided the following data for the month of November: Inventories November / November 30 Direct materials $15,000 Work in process .......... 12,000 10,000 Finished goods 7,000 $? Additional Data: Sales revenue $100,000 Direct labor costs 8,000 Manufacturing overhead costs ......... 10,000 Selling expenses .. 12,000 Administrative expenses .................. 13,000 Cost of goods manufactured...
1 Data Table Inventories: Beginning Ending Raw Materials Work-in-Process Finished Goods Other information: Raw materials purchases...
1 Data Table Inventories: Beginning Ending Raw Materials Work-in-Process Finished Goods Other information: Raw materials purchases Plant janitorial services Sales salaries expense Delivery expense Sales revenue S 10,500 8,500 21,000 33,000 S 13,000 600 11,000 1,600 800,000 17,000 14,000 18,000 220,000 Utilities for plant |Rent on plant Customer service hotline costs Direct labor Print Done e https//www tHomework.aspx rkld-5120438 75¿ionld-4&flushed false&cld 52987538ices ACC350 SP19 ETR700A Homework: Topic 1 Homework (Chapter 18) Score: 24 19 of 30 pts CP1842 Continuing Problem...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in procesS inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net $12,30i0 19,000 11,800 33,500 $ 17,050 19, 500 13,800 22,600 21,800 17,150 41,400 15,000 22, 300 17,000 6,800 11,850 10,000 8,000...
1) X Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw...
1) X Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24,000 Work in process $23,000 $17,000 Finished goods $37,000 $55,000 Additional information: Raw materials purchases $69,000 Direct labor cost $94,000 Manufacturing overhead cost incurred $54,000 Indirect materials included in manufacturing overhead cost incurred $8,000 Manufacturing overhead cost applied to Work in Process $56,000 The cost of goods sold that is adjusted for underapplied or overapplied overhead and that appears on the income...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
Example #15 Beginning inventory, raw materials Ending inventory, raw materials $15,000 $10,000 Purchases of raw materials...
Example #15 Beginning inventory, raw materials Ending inventory, raw materials $15,000 $10,000 Purchases of raw materials Unknown #1 Raw materials used Unknown #2 Direct labor $175.000 Manufacturing Overhead $112,000 Total manufacturing costs $377,000 Beginning inventory, work in process Unknown #3 Ending inventory, work in process $16.000 Cost of Goods Manufactured $389,000 Unknown #4 Beginning inventory, finished goods Cost of goods available for sale $462,000 $61,000 Ending Inventory, finished goods Unknown #5 Cost of Goods Sold $741,000 Sales Unknown #6 Gross...
Data Table Ending Beginning S 24,000 36,000 15,000 Inventories: Raw Materials Work-in-Process Finished Goods Other information: Purchases of materials Direct labor Manufacturing overhead $ 27,000 27 000 21,000 $ 74,000 88,000 46.000 Print Done 을 https://www.mathxl.com/Student PlayerHomework.aspx?homeworkld-512043875&questionld«A&flus ACC350 SP19 ETR700A Homework: Topic 1 Homework (Chapter 18) Score: 6.92 of 10 pts gel 8-23 (similar to) Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold ( 囲(Click the icon to view the...
Problem 2 Comprehensive Problem Consider the following information: 1.Jan-20 31-Dec-20 Inventories: Direct Materials Work in Process Finished Goods $11,000 13,000 9,500 $8,000 12,000 6,500 Cost Incurred: Direct materials purchases $56,000 44,000 Direct Labor Factory Rent Factory Utilities Indirect Materials Indirect Labor Selling Expenses Administrative Expenses 24,000 3,000 6,000 9,000 10,000 7,000 Prepare the following: A. Schedule of direct materials used 3 points B. Compute the manufacturing overhead incurred during the period. 4 points C. Prepare a schedule of Cost of...
If net operating income was $50,000
Then the beginning finished goods inventory was howmuch?
Use the following to answer the next two questions The Argyle Company has provided the following data for the month of November: Inventories November / November 30 Direct materials $15,000 Work in process .......... 12,000 10,000 Finished goods 7,000 $? Additional Data: Sales revenue $100,000 Direct labor costs 8,000 Manufacturing overhead costs ......... 10,000 Selling expenses .. 12,000 Administrative expenses .................. 13,000 Cost of goods manufactured...
1 Data Table Inventories: Beginning Ending Raw Materials Work-in-Process Finished Goods Other information: Raw materials purchases Plant janitorial services Sales salaries expense Delivery expense Sales revenue S 10,500 8,500 21,000 33,000 S 13,000 600 11,000 1,600 800,000 17,000 14,000 18,000 220,000 Utilities for plant |Rent on plant Customer service hotline costs Direct labor Print Done e https//www tHomework.aspx rkld-5120438 75¿ionld-4&flushed false&cld 52987538ices ACC350 SP19 ETR700A Homework: Topic 1 Homework (Chapter 18) Score: 24 19 of 30 pts CP1842 Continuing Problem...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in procesS inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net $12,30i0 19,000 11,800 33,500 $ 17,050 19, 500 13,800 22,600 21,800 17,150 41,400 15,000 22, 300 17,000 6,800 11,850 10,000 8,000...
1) X Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24,000 Work in process $23,000 $17,000 Finished goods $37,000 $55,000 Additional information: Raw materials purchases $69,000 Direct labor cost $94,000 Manufacturing overhead cost incurred $54,000 Indirect materials included in manufacturing overhead cost incurred $8,000 Manufacturing overhead cost applied to Work in Process $56,000 The cost of goods sold that is adjusted for underapplied or overapplied overhead and that appears on the income...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
$ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,892,000 37,000 54,300 64,100 151,800 248,000 20,900 49,000 5,250 52,000 90,000 134,000 46,300 45,100 69,280 Prepare its schedule of cost of goods manufactured for the current year...
Example #15 Beginning inventory, raw materials Ending inventory, raw materials $15,000 $10,000 Purchases of raw materials Unknown #1 Raw materials used Unknown #2 Direct labor $175.000 Manufacturing Overhead $112,000 Total manufacturing costs $377,000 Beginning inventory, work in process Unknown #3 Ending inventory, work in process $16.000 Cost of Goods Manufactured $389,000 Unknown #4 Beginning inventory, finished goods Cost of goods available for sale $462,000 $61,000 Ending Inventory, finished goods Unknown #5 Cost of Goods Sold $741,000 Sales Unknown #6 Gross...
Most questions answered within 3 hours.
-
Already famous by the time he arrived at Princeton University in
1933, Einstein had suggested a...
asked 13 minutes ago -
Suppose the average male brain weight (in grams) is estimated to
be 13201320 grams. A 1905...
asked 22 minutes ago -
For each molecular substance (a) H3PO2 and (b) C6H5NH2,
calculate its molecular mass and write a...
asked 15 minutes ago -
The inheritance of color blindness in humans is due to a
recessive gene located on the...
asked 18 minutes ago -
Aqueous sulfuric acid (H2SO4) reacts with solid sodium hydroxide
(NaOH) to produce aqueous sodium sulfate (Na2SO4)...
asked 19 minutes ago -
QUESTION 25:
Find the pure binary representation of the following decimal
value: You DO NOT need...
asked 22 minutes ago -
The English mathematician John Kerrich tossed a coin
10,000 times and obtained 5067 heads.
a. calculate...
asked 49 minutes ago -
13. Use the Student's t-distribution to find the t-value for
each of the given scenarios. Round...
asked 42 minutes ago -
Explain the nutrition assessment for the lower gastrointestinal
tract, including the components of client history, anthropometric...
asked 41 minutes ago -
1.Marc has tried to quit heroin seven times only to
relapse each and every time. Marc...
asked 50 minutes ago -
A process has an input as the flow q gal/min, and an
output temperature T Fahrenheit. Initially,...
asked 55 minutes ago -
A sample of 30 patients in a doctor's office showed that they
had to wait an...
asked 1 hour ago