Ogleby Inc.'s accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2018 Raw materials...
Ogleby Inc.'s accounting records reflect the following inventories:
Dec. 31, 2017 Dec. 31, 2018
Raw materials inventory 120 96
Work in process inventory 156 174
Finished goods inventory 150 138
During 2018, Ogleby purchased $980 of raw materials,
incurred direct labor costs of $175,
Manufacturing overhead was $224.
Calculate:
a. Product costs
b. Cost of Goods Manufactured
c. Cost of Goods Sold
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Ogleby Inc.'s accounting records reflect the following
inventories:
Dec. 31, 2017 Dec. 31, 2018
Raw materials...
Problem (10 points) Ogleby Inc.'s accounting records reflect the following inventories (in $1,000) Dec. 31.2018 Raw...
Problem (10 points) Ogleby Inc.'s accounting records reflect the following inventories (in $1,000) Dec. 31.2018 Raw materials inventory 120 156 150 96 174 138 Work in process inventory Finished goods inventory During 2018, Ogleby purchased s980 of raw materials, incurred direct labor costs of $175. Manufacturing overhead was $224. Calculate: a. Product costs (6 points) b. Cost of Goods Manufactured (2 points) c. Cost of Goods Sold (2 points)
Ogleby Inc.'s accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials...
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TIC PICILL. Alempt 2 Question 2 (1 point) Ogleby Inc.'s accounting records reflect the following inventories:...
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Alpha Company's accounting records reflect the following inventories: Dec. 31, 2020 $310,000 300,000 190,000 32) Dec....
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Problem (10 points) Ogleby Inc.'s accounting records reflect the following inventories (in $1,000) Dec. 31.2018 Raw materials inventory 120 156 150 96 174 138 Work in process inventory Finished goods inventory During 2018, Ogleby purchased s980 of raw materials, incurred direct labor costs of $175. Manufacturing overhead was $224. Calculate: a. Product costs (6 points) b. Cost of Goods Manufactured (2 points) c. Cost of Goods Sold (2 points)
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Bonita Industries's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 Raw materials $260000 inventory $210000 Work in process 300000 160000 inventory Finished goods 190000 150000 inventory During 2020. $750000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000 Bonita Industries's total manufacturing costs incurred in 2020 amounted to $2010000 O $1870000 $1970000. $2060000 Current Attempt in Progress Waterway Industries reported the following year-end information: $1080000 Beginning work in...
Sunland Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 $310000 $260000 Raw materials inventory Work in process inventory Finished goods inventory 300000 160000 190000 150000 During 2020, $620000 of raw materials were purchased, direct labor costs amounted to $567800, and manufacturing overhead incurred was $480000. If Sunland Company's cost of goods manufactured for 2020 amounted to $1477800, its cost of goods sold for the year is $1587800. $1517800. $1337800. $1437800.
Alpha Company's accounting records reflect the following inventories: Dec. 31, 2020 $310,000 300,000 190,000 32) Dec. 31, 2019 $260,000 160,000 150,000 Raw materials inventory Work in process inventory Finished goods inventory During 2020, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. Alpha Company's total manufacturing costs incurred in 2020 amounted to a. $2,060,000. b. $2,020,000. c. $1,920,000. d. $2,110,000 Sky Company's accounting records reflect the following inventories: Dec. 31, 2020...
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