Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning...
Cost of materials used $45,000
Direct labor costs 48,000
Factory overhead 39,000
Work in process, beginning 28,000
Work in process, ending 18,000
Finished goods, beginning 28,000
Finished goods, ending 18,000
What is cost of goods sold?
Group of answer choices
$10,000
$142,000
$152,000
$128,000
Homework Answers
| Cost of materials used | 45000 |
| (+) Direct labor cost | 48000 |
| (+) Factory overhead | 39000 |
| Cost of manufacturing | 132000 |
| (+) Work in process, beginning | 28000 |
| (-) Work in process, ending | 18000 |
| Cost of goods manufactured | 142000 |
| (+) Finished goods, beginning | 28000 |
| (-) Finished goods, Ending | 18000 |
| Cost of goods sold | 152000 |
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Cost of materials used $45,000
Direct labor costs 48,000
Factory overhead 39,000
Work in process, beginning...
Calculator Given the following data: Cost of materials used Direct labor costs Factory overhead Work in...
Calculator Given the following data: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending Finished goods, beginning Finished goods, ending $45,000 48,000 39,000 28,000 18,000 28,000 18,000 What is cost of goods sold? O a. $152,000 b. $10,000 c. $142,000 d. $128,000
QUESTION 1 Given the following data: Cost of materials used Direct labor costs Factory overhead Work...
QUESTION 1 Given the following data: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending Finished goods, beginning Finished goods, ending What is cost of goods sold? a. $152,000 b. $10,000 c. $142,000 d. $128,000 $45,000 48,000 39,000 28,000 18,000 28,000 18,000
QUESTION 2 Cost of Material Used $ 45,000 Direct Labor Costs $ 48,000 Factory Overhead $...
QUESTION 2 Cost of Material Used $ 45,000 Direct Labor Costs $ 48,000 Factory Overhead $ 39,000 Work in Process, Beg. $ 28,000 Work in Process, End. $ 18,000 Finished Goods, Beg. $ 28,000 Finished Goods, End. $ 18,000 What is the Cost of Goods Sold? O a. $ 152,000 ob. $ 142,000 O c. $ 10,000 d. $ 128,000
28 of 75 MULTIPLE CHOICE Given the following data: Cost of materials used Direct labor costs...
28 of 75 MULTIPLE CHOICE Given the following data: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending Finished goods, beginning Finished goods, ending $45,000 48,000 39,000 28,000 18,000 28,000 18,000 What is the cost of goods sold? a. $152,000 b. $142,000 C. $10,000 d. $128,000 А Type here to search 30 of 75 MULTIPLE CHOICE Given the following data: Work in process, beginning Work in process, ending Direct labor costs Cost...
Cost of Materials Used$60,000 Direct Labor costs $55,000 Factory Overhead $32,000 Work in Process, beg. $28,000...
Cost of Materials Used$60,000 Direct Labor costs $55,000 Factory Overhead $32,000 Work in Process, beg. $28,000 Work in Process, end. $18,000 Finished Goods,beg. $28,000 Finished Goods, end. $18,000 What is Cost of Goods Sold?
Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost...
Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold Beginning direct materials inventory Beginning WIP inventory Beginning finished goods inventory Overhead application rate, as a percent of direct - labor costs $152,000 85,000 127,000 148,000 286.000 259,000 35,000 65,000 53,000 140 percent The ending balance of work-in-process inventory is O A. $413,000 O B. $454,800 OC. $168,800 OD. $127,000
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used...
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending $45,000 48,000 39,000 18,000 28,000 What is the cost of goods manufactured? a. $178,000 b. $132,000 c. $122,000 d. $142,000 An example of a period cost is a. advertising expense b. indirect materials c. depreciation on factory equipment d. property taxes on plant facilities If the cost of a direct material...
Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
1. Three costs in every product are direct materials, direct labor, and period costs direct materials,...
1. Three costs in every product are direct materials, direct labor, and period costs direct materials, work in process, and manufacturing overhead direct materials, direct labor, and manufacturing overhead direct materials, work in progress, and finished goods 2. What is the journal entry for under applied overhead? Manufacturing overhead Finished Goods Inventory Finished Goods Inventory Manufacturing Overhead Manufacturing overhead Cost of goods sold Cost of goods sold Manufacturing overhead 3. Use a piece of scrap paper...
Calculator Given the following data: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending Finished goods, beginning Finished goods, ending $45,000 48,000 39,000 28,000 18,000 28,000 18,000 What is cost of goods sold? O a. $152,000 b. $10,000 c. $142,000 d. $128,000
QUESTION 1 Given the following data: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending Finished goods, beginning Finished goods, ending What is cost of goods sold? a. $152,000 b. $10,000 c. $142,000 d. $128,000 $45,000 48,000 39,000 28,000 18,000 28,000 18,000
QUESTION 2 Cost of Material Used $ 45,000 Direct Labor Costs $ 48,000 Factory Overhead $ 39,000 Work in Process, Beg. $ 28,000 Work in Process, End. $ 18,000 Finished Goods, Beg. $ 28,000 Finished Goods, End. $ 18,000 What is the Cost of Goods Sold? O a. $ 152,000 ob. $ 142,000 O c. $ 10,000 d. $ 128,000
28 of 75 MULTIPLE CHOICE Given the following data: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending Finished goods, beginning Finished goods, ending $45,000 48,000 39,000 28,000 18,000 28,000 18,000 What is the cost of goods sold? a. $152,000 b. $142,000 C. $10,000 d. $128,000 А Type here to search 30 of 75 MULTIPLE CHOICE Given the following data: Work in process, beginning Work in process, ending Direct labor costs Cost...
Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold Beginning direct materials inventory Beginning WIP inventory Beginning finished goods inventory Overhead application rate, as a percent of direct - labor costs $152,000 85,000 127,000 148,000 286.000 259,000 35,000 65,000 53,000 140 percent The ending balance of work-in-process inventory is O A. $413,000 O B. $454,800 OC. $168,800 OD. $127,000
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending $45,000 48,000 39,000 18,000 28,000 What is the cost of goods manufactured? a. $178,000 b. $132,000 c. $122,000 d. $142,000 An example of a period cost is a. advertising expense b. indirect materials c. depreciation on factory equipment d. property taxes on plant facilities If the cost of a direct material...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
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