Number 6 first few pics are info for number 6
Prepare schedule showing cost of goods manufactured as follows:
M. Co. | ||
Schedule of cost of goods manufactured | ||
For year ended December 31 | ||
Direct materials: | ||
Beginning RM inventory | 60000 | |
Add: Purchases | 140000 | |
RM available for use | 200000 | |
Less: Ending RM inventory | -62500 | |
RM used in production | 137500 | |
Direct labor | 180000 | |
Factory overheads: | ||
Rent expense | 65000 | |
Factory utilities | 22500 | |
Repairs expense | 32500 | |
Indirect labor | 60000 | |
Factory supplies used | 37500 | |
Total factory overheads | 217500 | |
Total manufacturing costs | 535000 | |
Add: Beginning WIP | 43000 | |
total cost of WIP | 578000 | |
Less: Ending WIP | -33000 | |
Cost of goods manufactured | 545000 |
Number 6 first few pics are info for number 6 Required information Tableau DA 1-3: Mini-Case, Schedule of cost of go...
Tableau DA 14-1: Quick Study, Computing direct materials used LO
C4, C5
You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished...
Tableau DA 14-2: Exercise, Cost classification and current
assets section of balance sheet LO C2, P2
You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work...
Number 3
Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 Part 3 of 4 (The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000. The...
You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Romaterials anding $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense. Factory $50,000 54,000 50,000...
Check my work Required information Tableau DA 4-3: Mini-Case, Computing and assigning costs using ABC LO P3 Chrom Co. manufactures two models, the XL and RD. It also has two departments, assembly and finishing. The company wants to assign overhead costs to its two different models to better understand the profitability of each model. The Tableau Dashboard provides data for our analysis. Part 1 of 2 0.85 points Estimated Overhead Costs by Department Estimated Direct Labor Hours & Machine Hours...
Required Information [The following information applies to the questions displayed below) You have been asked by the CEO of Mountaineer Co to assist in analyzing product costs. This analysis is used in Internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods...
Number 4 please do all of the required ones.
Required information Problem 02-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Part 4 of 4 Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities,...
Required information The following selected account balances are provided for Delray Mfg. t 1 of 2 nts Skipped 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 $ 1,178,000 44,000 58,100 63,900 190,400 224,000 17,400 53,000 5,250...
#1 please do all parts
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: Part 1 of 2 Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory $ 6,000 $ 9, 250 43,500 51,500 63,300 60,500 20,100 8,250 points The following additional information describes the company's production...
3.
Prepare a schedule of cost of goods manufactured
Saved Required information [The following information applies to the questions displayed below.) Marcelino Cols March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385.000. Overhead costs incurred in April are: indirect materials, $55,000; Indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job...