Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) Work in Process (December...
Determine the missing amounts.
|
Total |
Work |
Work |
Cost of |
|||||
| (1) | $
|
$124,000 | $84,500 | $
|
||||
| (2) | $297,000 | $
|
$99,300 | $322,700 | ||||
| (3) | $314,000 | $464,000 | $
|
$718,000 |
Homework Answers
| Ans 1 | ||
| This question is incomplete | ||
| First calculate, total manufacturing cost using the formula | ||
| Total manufacturing cost | = | Direct material used + Direct labor used +Factory overhead |
| After this, calculate, Cost of goods manufactured, using the formula | ||
| Cost of goods manufactured | = | Total manufacturing cost + Opening WIP ( Work in process Jan 1)- Closing WIP ( Work in process Dec 31) |
| Ans 2 | ||
| Work in process Jan 1 | = | 322700+99300-297000 |
| 125000 | ||
| Ans 3 | ||
| Work in process Dec 31 | = | 314000+464000-718000 |
| 60000 | ||
| Hi mate, |
| I would be grateful to you if you can provide a thumbs up and write one beautiful comment. It will improve my rating and let me continue my journey here. |
| In case of doubt, please comment. I will consider myself fortunate if I can help you. |
| All the best for your bright future. |
Add Answer to:
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December...
(b) Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) Work in Process...
(b) Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) Work in Process (December 31) $86,000 $ Cost of Goods Manufactured = $124,000 $98,600 $323,900 $300,000 $ $314,000 $465,000 $ $716,000 Save for Later
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three...
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Manufacturing Costs $41,500 (1) (2) s (3) $65,000 $76,000 Factory Overhead $52,200 $143,000 $297,000 $59,000 $ $113,000 $311,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) $124,000 Cost of Goods Manufactured Work in Process (December 31) $85,900 $98,700 $323,800 $297,000 $ $311,000 $465,000 $719,000
rcise 14-9 Determine the missing amounts. rcise 14-1 Total Work Work in Process January 1) (December...
rcise 14-9 Determine the missing amounts. rcise 14-1 Total Work Work in Process January 1) (December 31) Manufactured Cost of Goods 14-2 Manufacturing in Process Costs 14-4 14-6 14-8 14-9 14-12 e 14-15 e 14-16 $122,000 $83,800 (2) $29,000 101 $98,600 $322,200 $313,000 $465,000 59000 $719,000 core tesults by Stud Click if you would like to show Work for this question: Open Show.Work Exercise 14-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation...
Brief Exercise 14-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three...
Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as...
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct...
1. Determine the amount of the missing items, identifying them by letter. Enter all amounts as...
1. Determine the amount of the missing items, identifying them
by letter. Enter all amounts as positive numbers.
2. Prepare on Company's statement of cost of goods manufactured
for December .
3. Prepare on Company's income statement for December.
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off Materials inventory, December 1 Materials inventory, December...
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...
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials...
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials Used Direct Labor Total Manufacturing Manufacturing Overhead Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured $38,000 $80,000 $48,000 $120,000 $96,000 2 $149,000 $53,000 $90,000 $292,000 $98,000 $311,000 O $53,000 $116,000 $121,000 $290,000 $403,000 $515,000
ods Manufactured nber 31, 2019 ns) Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory,...
ods Manufactured nber 31, 2019 ns) Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Direct Materials Purchased, including Freight In Direct Labor Manufacturing Overhead Print Done elds and then continue to the next question. 12. QRS Manufacturing Company has the following data for 2019 (amounts in milions): Click the icon to view the information) Prepare the schedule of cost of goods manufactured...
Brief Exercise 2.13 Determine the missing amounts using following information. 1. 2. Direct Materials Used $24,700...
Brief Exercise 2.13 Determine the missing amounts using following information. 1. 2. Direct Materials Used $24,700 $81,560 $54,230 Direct Labour Used $61,570 $74,890 $157,860 Factory Overhead $50,430 $139,930 $105,490 Total Manufacturing Costs $136,700 $296,380 $317,580 3. Total Manufacturing Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured 1. 136700 $120,720 $81,780 $ 125210 2. $296,380 $ $98,640 $321,660 $317,580 $470,610 $ $714,860 LINK TO TEXT
(b) Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) Work in Process (December 31) $86,000 $ Cost of Goods Manufactured = $124,000 $98,600 $323,900 $300,000 $ $314,000 $465,000 $ $716,000 Save for Later
Brief Exercise 1-10 Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Manufacturing Costs $41,500 (1) (2) s (3) $65,000 $76,000 Factory Overhead $52,200 $143,000 $297,000 $59,000 $ $113,000 $311,000 LINK TO TEXT Determine the missing amounts. Total Manufacturing Costs Work in Process (January 1) $124,000 Cost of Goods Manufactured Work in Process (December 31) $85,900 $98,700 $323,800 $297,000 $ $311,000 $465,000 $719,000
rcise 14-9 Determine the missing amounts. rcise 14-1 Total Work Work in Process January 1) (December 31) Manufactured Cost of Goods 14-2 Manufacturing in Process Costs 14-4 14-6 14-8 14-9 14-12 e 14-15 e 14-16 $122,000 $83,800 (2) $29,000 101 $98,600 $322,200 $313,000 $465,000 59000 $719,000 core tesults by Stud Click if you would like to show Work for this question: Open Show.Work Exercise 14-8 Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation...
Brief Exercise 14-10
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct
Materials
Used
Direct
Labor
Used
Factory
Overhead
Total
Manufacturing
Costs
(1)
$41,900
$62,500
$52,900
$
(2)
$
$76,000
$144,000
$300,000
(3)
$57,400
$
$115,000
$312,000
Determine the missing amounts.
Total
Manufacturing
Costs
Work
in Process
(January 1)
Work
in Process
(December 31)
Cost of
Goods
Manufactured
(1)
$
$122,000
$84,300
$
(2)
$300,000
$
$98,500
$324,500
(3)
$312,000
$467,000
$
$719,000
1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter Off Company On Company 319,410 x $ 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 $ 173,240 Direct materials: Materials inventory, December 1 Purchases Cost of materials available for use Materials inventory, December 31 Cost of direct...
1. Determine the amount of the missing items, identifying them
by letter. Enter all amounts as positive numbers.
2. Prepare on Company's statement of cost of goods manufactured
for December .
3. Prepare on Company's income statement for December.
Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December. Off Materials inventory, December 1 Materials inventory, December...
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...
Question 19 Determine the missing amounts in 2019 manufacturing cost data for Tardy Corporation. Direct Materials Used Direct Labor Total Manufacturing Manufacturing Overhead Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured $38,000 $80,000 $48,000 $120,000 $96,000 2 $149,000 $53,000 $90,000 $292,000 $98,000 $311,000 O $53,000 $116,000 $121,000 $290,000 $403,000 $515,000
ods Manufactured nber 31, 2019 ns) Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Direct Materials Purchased, including Freight In Direct Labor Manufacturing Overhead Print Done elds and then continue to the next question. 12. QRS Manufacturing Company has the following data for 2019 (amounts in milions): Click the icon to view the information) Prepare the schedule of cost of goods manufactured...
Brief Exercise 2.13 Determine the missing amounts using following information. 1. 2. Direct Materials Used $24,700 $81,560 $54,230 Direct Labour Used $61,570 $74,890 $157,860 Factory Overhead $50,430 $139,930 $105,490 Total Manufacturing Costs $136,700 $296,380 $317,580 3. Total Manufacturing Costs Work in Process (1/1) Work in Process (12/31) Cost of Goods Manufactured 1. 136700 $120,720 $81,780 $ 125210 2. $296,380 $ $98,640 $321,660 $317,580 $470,610 $ $714,860 LINK TO TEXT
Most questions answered within 3 hours.
-
The length of a pencil is measured to be 10.00 cm with a ruler.
What is...
asked 2 seconds ago -
A 120 cm^3 box contains helium at a pressure of 1.80 atm and a
temperature of...
asked 5 minutes ago -
Given that Kb for the weak base analine is 3.8 X
10-10, which of the following...
asked 7 minutes ago -
A uniform, solid sphere of radius 4.50 cm and mass 4.50 kg
starts with a purely...
asked 4 minutes ago -
A sniper fires a rifle bullet into a gasoline tank, making a
hole 51.0 m below...
asked 8 minutes ago -
The US Census Bureau gathered data regarding yearly gas sales
for residents of different states. Wyoming...
asked 28 minutes ago -
A person in a casino decides to play blackjack until he loses a
game, but he...
asked 31 minutes ago -
mode field diameter (MFD) is an important parameter in
characterizing single mode fibre properties which takes...
asked 22 minutes ago -
Question 4: What is the significance of those strange
“36.79%” and “63.21%” numbers the procedure? That...
asked 28 minutes ago -
Rules of implementation!:
You may NOT modify any of the files except Expression.java in
ANY way....
asked 30 minutes ago -
Arbitration of disputes under the purview of "lemon laws" under
state statute is:
not required by...
asked 43 minutes ago -
Describe three pieces of evidence that mitochondria and evolved
from symbiotic mutualisms between a eukaryote (or...
asked 50 minutes ago