Homework Answers
Total Cost of Work in Process = Cost of Goods Manufactured +
Work in Process (12/31)
= $544610 + $88650 = $633260
Total Manufacturing Costs = Total Cost of Work in Process - Work
in Process (1/1)
= $633260 - $219710 = $413550
Direct Labor = Total Manufacturing Costs - Manufacturing
Overhead - Direct materials used
= $413550 - $140440 - $183360 = $89750
Total Raw Material Available for use = Direct Material Used +
Raw Material Inventory (12/31)
= $183360 + $23370 = $206730
Raw Material Inventory (1/1) = Total Raw Material Available for
use - Raw Material Purchase
= $206730 - $164750 = $41980
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please show steps Exercise 10-9 Your answer is partially correct. Try again. An incomplete cost of goods manufactur...
Exercise 14-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of...
Exercise 14-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) Direct materials $216,370 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 159,650 30,800 Direct materials used Direct labor Manufacturing overhead $182,910 Indirect labor Factory depreciation Factory utilities Total overhead 24,950 40,680 75,370 141,000 Total manufacturing costs...
*Exercise 19-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of...
*Exercise 19-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule $214,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 163,780 Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used 29,040 $183,400 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,990 41,250 73,360 133,600 Total manufacturing costs...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Concord
Company.
CONCORD COMPANY
Cost of Goods Manufactured Schedule
Work in process (1/1)
$215,370
Direct materials
Raw materials inventory (1/1)
$
----------
Add: Raw materials purchases
164,870
Total raw materials available for use
-----------
Less: Raw materials inventory (12/31)
27,100
Direct materials used
$183,400
Direct labor
-----------
Manufacturing overhead
Indirect labor
21,960
Factory depreciation
36,430
Factory utilities
71,750
Total overhead
130,140
Total...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $213,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ 164,300 Add: Raw materials purchases Total raw materials available for use 29,530 Less: Raw materials inventory (12/31) Direct materials used $185,570 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 25,530...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Blue Company. BLUE COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ Add: Raw materials purchases 165,750 Total raw materials available for use $217,560 31,930 $189,460 Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,160...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
O WileyPLUS A edugen.wileyplus.com/edugen/student/mainfr.uni WileyPLUS: MyWileyPLUS | Help I Contact Us | Log Out WileyPLUS Financial...
O WileyPLUS A edugen.wileyplus.com/edugen/student/mainfr.uni WileyPLUS: MyWileyPLUS | Help I Contact Us | Log Out WileyPLUS Financial & Managerial Accounting (ACCT 2100 & 2110) Weygandt, Financial & Managerial Accounting, 2e Assignment Gradebook ORION Downloadable eTextbook Read, Study & Practice Home Assignment > Open Assignment ( BACK FULL SCREEN PRINTER VERSION NEXT Work in process (1/1) $210,000 ASSIGNMENT RESOURCES Chapter 15 HW M Exercise 15-1 Direct materials Raw materials inventory (1/1) Multiple Choice O $. Question 39 E Exercise 15-2 Exercise 15-4...
Exercise 1-12 (Video) (Part Level Submission) Cepeda Corporation has the following cost records for June 2020....
Exercise 1-12 (Video) (Part Level Submission) Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $4,760 22,180 3,300 4,420 5,480 8,370 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $410 1,600 41,330 1,980 2,400 3,530 (a) Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. $210,000 Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000...
Exercise 14-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) Direct materials $216,370 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 159,650 30,800 Direct materials used Direct labor Manufacturing overhead $182,910 Indirect labor Factory depreciation Factory utilities Total overhead 24,950 40,680 75,370 141,000 Total manufacturing costs...
*Exercise 19-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule $214,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 163,780 Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used 29,040 $183,400 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,990 41,250 73,360 133,600 Total manufacturing costs...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Concord
Company.
CONCORD COMPANY
Cost of Goods Manufactured Schedule
Work in process (1/1)
$215,370
Direct materials
Raw materials inventory (1/1)
$
----------
Add: Raw materials purchases
164,870
Total raw materials available for use
-----------
Less: Raw materials inventory (12/31)
27,100
Direct materials used
$183,400
Direct labor
-----------
Manufacturing overhead
Indirect labor
21,960
Factory depreciation
36,430
Factory utilities
71,750
Total overhead
130,140
Total...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $213,900 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ 164,300 Add: Raw materials purchases Total raw materials available for use 29,530 Less: Raw materials inventory (12/31) Direct materials used $185,570 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 25,530...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Blue Company. BLUE COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ Add: Raw materials purchases 165,750 Total raw materials available for use $217,560 31,930 $189,460 Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 18,160...
An incomplete cost of goods manufactured schedule is presented
below.
Complete the cost of goods manufactured schedule for Sarasota
Company.
SARASOTA
COMPANY
Cost of Goods Manufactured Schedule
December 31, 2017For the Month Ended December 31, 2017For the Year
Ended December 31, 2017
Work in process (1/1)
$213,100
Direct materials
Raw
materials inventory (1/1)
$
Add: Raw
materials purchases
165,650
Total raw
materials available for use
Less: Raw
materials inventory (12/31)
26,990
Direct materials used
$189,070
Direct labor
Manufacturing overhead
Indirect...
O WileyPLUS A edugen.wileyplus.com/edugen/student/mainfr.uni WileyPLUS: MyWileyPLUS | Help I Contact Us | Log Out WileyPLUS Financial & Managerial Accounting (ACCT 2100 & 2110) Weygandt, Financial & Managerial Accounting, 2e Assignment Gradebook ORION Downloadable eTextbook Read, Study & Practice Home Assignment > Open Assignment ( BACK FULL SCREEN PRINTER VERSION NEXT Work in process (1/1) $210,000 ASSIGNMENT RESOURCES Chapter 15 HW M Exercise 15-1 Direct materials Raw materials inventory (1/1) Multiple Choice O $. Question 39 E Exercise 15-2 Exercise 15-4...
Exercise 1-12 (Video) (Part Level Submission) Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $4,760 22,180 3,300 4,420 5,480 8,370 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $410 1,600 41,330 1,980 2,400 3,530 (a) Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured...
E14.9 (LO 3) An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. $210,000 Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000...
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