For each of the following, determine the missing amounts. ...
For each of the following, determine the missing amounts.
Beginning Goods
Available Cost of Ending
Inventory Purchases for
Sale Goods Sold Inventory
1 $20,000 ________ $55,000
$25,000 _______
2 ______ $220,000 $250,000
_______ $40,000
Homework Answers
Determine the missing ammounts in each of the following independent cases. Determine the missing amounts in...
Determine the missing ammounts in each of the following
independent cases.
Determine the missing amounts in each of the following independent cases. Case A Case B $ 20,000 Case C $ 15,000 30,000 90,000 100,000 70,000 85,000 95,000 100,000 250,000 520,000 35,000 125,000 160,000 340,000 345,000 20,000 35,000 5,000 350,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in...
Determine the missing amounts in each of the following independent cases. Case A Case B Case...
Determine the missing amounts in each of the following independent cases. Case A Case B Case C Beginning inventory, raw material $20,000 $15,000 Ending inventory, raw material 90,000 30,000 Purchases of raw material 100,000 85,000 Direct material 70,000 95,000 Direct labor 100,000 125,000 Manufacturing overhead 250,000 160,000 Total manufacturing costs 520,000 345,000 340,000 Beginning inventory, work in process 35,000 20,000 Ending inventory, work in process 35,000 5,000 Cost of goods manufactured 525,000 350,000 Beginning inventory, finished goods 50,000 40,000 Cost...
Determine each of the following missing amounts: (Input all amounts as positive values) Determine each of...
Determine each of the following missing amounts: (Input all
amounts as positive values)
Determine each of the following missing amounts: (Input all amounts as positive values) Firm A Firm B Firm C Beginning raw materials inventory 17,000 50,400 86,400 271,200 Purchases of raw materials during the year Raw materials available for use 107,100 Ending raw materials inventory 12,000 61,200 Cost of raw materials used 90,000 90,900 130,000 381,600 Direct labor costs incurred 30,600 Variable manufacturing overhead applied 86,400 54,000 Fixed...
BE5-2 Presented below are the components in determining cost of goods sold. Determine the missing amounts....
BE5-2 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Cost of Goods Ending Cost of Inventory Purchases Available for Sale Inventory Goods Sold $250,000 $170,000 $50,000 $ (b) 108,000 70,000 (d) 90,000 75,000 (e) 130,000 38,000 75,000 95,000 45,000 (a) (0) (f)
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning...
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory $78,000 Cost of Goods Available for Sale Ending Inventory Purchases $98,000 $ (a) $48,000 $ (c) $113,000 $33,000 (e) $108,000 $ 158,000 W $27,000 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Cost of Goods Available for Sale Ending Inventory Cost of goods sold 'chases $98,000 $ (b) $118.000 (c) $113,000 $33,000 $ (d) $108,000 $158,000...
Determine the missing amounts in each of the following independent cases. Case A Case B 92,000...
Determine the missing amounts in each of the following independent cases. Case A Case B 92,000 Case C 6,000 31,000 196,000 280,000 220,000 271,000 317,000 380,000 580,000 1,120,000 86,000 70,500 96,000 207,000 1,115,000 76,000 121,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material used Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for...
Determine the missing amounts in each of the following independent cases. Case A Case B 78,000...
Determine the missing amounts in each of the following independent cases. Case A Case B 78,000 Case C 12,000 24,000 264,000 189,000 245,000 185,000 400,000 545,000 1,085,000 79,000 303,000 345,000 67,000 89,000 215,000 1,080,000 69,000 114,000 3,400 220,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material used Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of...
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning...
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Cost of Goods Available for Sale Ending Inventory Purchases Cost of goods sold $129,000 $89,000 $119,000 (b) $58,000 $123,000 $42,000 (e) $109,000 $169,000 $35,000
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning...
Presented below are the components in determining cost of goods
sold. Determine the missing amounts.
Beginning
Inventory
Purchases
Cost of
Goods
Available for Sale
Ending
Inventory
Cost of
goods sold
$84,000
$114,000
$
(a)
$
(b)
$120,000
$53,000
$
(c)
$118,000
$33,000
$
(d)
$
(e)
$104,000
$161,000
$27,000
$
(f)
Consider the following partially completed income statements for merchandising companies and compute the missing amounts: (Click...
Consider the following partially completed income statements for merchandising companies and compute the missing amounts: (Click the icon to view the Income Statements.) Data Table Flynt Corp. Corrigan, Inc. 100,000 L $ L $ 28,000 Flynt Corp. 100,000 Corrigan, Inc. $ 51,000 $ Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses 93,000 (1,800) Net Sales...
Determine the missing ammounts in each of the following
independent cases.
Determine the missing amounts in each of the following independent cases. Case A Case B $ 20,000 Case C $ 15,000 30,000 90,000 100,000 70,000 85,000 95,000 100,000 250,000 520,000 35,000 125,000 160,000 340,000 345,000 20,000 35,000 5,000 350,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in...
Determine each of the following missing amounts: (Input all
amounts as positive values)
Determine each of the following missing amounts: (Input all amounts as positive values) Firm A Firm B Firm C Beginning raw materials inventory 17,000 50,400 86,400 271,200 Purchases of raw materials during the year Raw materials available for use 107,100 Ending raw materials inventory 12,000 61,200 Cost of raw materials used 90,000 90,900 130,000 381,600 Direct labor costs incurred 30,600 Variable manufacturing overhead applied 86,400 54,000 Fixed...
BE5-2 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Cost of Goods Ending Cost of Inventory Purchases Available for Sale Inventory Goods Sold $250,000 $170,000 $50,000 $ (b) 108,000 70,000 (d) 90,000 75,000 (e) 130,000 38,000 75,000 95,000 45,000 (a) (0) (f)
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory $78,000 Cost of Goods Available for Sale Ending Inventory Purchases $98,000 $ (a) $48,000 $ (c) $113,000 $33,000 (e) $108,000 $ 158,000 W $27,000 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Cost of Goods Available for Sale Ending Inventory Cost of goods sold 'chases $98,000 $ (b) $118.000 (c) $113,000 $33,000 $ (d) $108,000 $158,000...
Determine the missing amounts in each of the following independent cases. Case A Case B 92,000 Case C 6,000 31,000 196,000 280,000 220,000 271,000 317,000 380,000 580,000 1,120,000 86,000 70,500 96,000 207,000 1,115,000 76,000 121,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material used Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for...
Determine the missing amounts in each of the following independent cases. Case A Case B 78,000 Case C 12,000 24,000 264,000 189,000 245,000 185,000 400,000 545,000 1,085,000 79,000 303,000 345,000 67,000 89,000 215,000 1,080,000 69,000 114,000 3,400 220,000 Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material used Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of...
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Cost of Goods Available for Sale Ending Inventory Purchases Cost of goods sold $129,000 $89,000 $119,000 (b) $58,000 $123,000 $42,000 (e) $109,000 $169,000 $35,000
Presented below are the components in determining cost of goods
sold. Determine the missing amounts.
Beginning
Inventory
Purchases
Cost of
Goods
Available for Sale
Ending
Inventory
Cost of
goods sold
$84,000
$114,000
$
(a)
$
(b)
$120,000
$53,000
$
(c)
$118,000
$33,000
$
(d)
$
(e)
$104,000
$161,000
$27,000
$
(f)
Consider the following partially completed income statements for merchandising companies and compute the missing amounts: (Click the icon to view the Income Statements.) Data Table Flynt Corp. Corrigan, Inc. 100,000 L $ L $ 28,000 Flynt Corp. 100,000 Corrigan, Inc. $ 51,000 $ Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses 93,000 (1,800) Net Sales...
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