Compute Cost of Goods Sold Using the Following Information

Compute Cost of Goods Sold Using the Following Information

  • prepare the schedule of cost of goods manufactured and price of appurtenances sold. Raw Materials Inventory…

    prepare the schedule of price of goods manufactured and cost of goods sold. Raw Materials Inventory Jan 1 $10   Raw Materials Inventory Inventory Dec 31 four Piece of work In Process Inventory January 1 15 Work In Procedure Inventory Dec 31 22 Finished Goods Inventory January 1 xi Finished Appurtenances Inventory Dec 31 14 Raw Materials Purchased incl freight thirty Straight Labor 40 Manufacturing Overhead 30

  • Given the following​ data, determine the cost of goods manufactured. Direct Labor Incurred $ 60000 Manufacturing…

    Given the following​ data, make up one’s mind the price of goods manufactured. Direct Labor Incurred $ 60000 Manufacturing Overhead Incurred $174000 Direct Materials Used $152000 Finished Goods​ Inventory, Jan. 1 $198000 Finished Goods​ Inventory, Dec. 31 $96500 ​ Work-in-Process Inventory, Jan. 1 $220500 ​Piece of work-in-Process Inventory, Dec. 31 $108000 A. $ 386000 B. $ 278000 C. $ 498500 D. $ 186500

  • Required data Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials…


    Required data Schedule of Price of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials purchases $ Raw materials inventory, December 31, 2018 984,000 165,000 1,149,000 $ ane,149,000 Raw materials bachelor for use Less: Raw materials inventory, December 31, 2019 Directly materials used Finished appurtenances, December 31, 2019 Manufactory overhead Depreciation expense—Manufactory equipment Manufactory supervision Factory supplies used Factory utilities Indirect labor Maintenance expense–Manufacturing plant equipment Miscellaneous production costs Rent expense-Factory building ces 0 1,149,000 Total factory overhead…

    Read:   If a Company Made a Bank Deposit on September 30

  • 15 Requirements: Prepare the schedule of cost of goods manufactured and toll of goods sold. Data:…


    15 Requirements: Gear up the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, January. ane $10 Raw Materials Inventory, Dec. 31 Piece of work-in-Process Inventory, Jan. 1 Work-in-Procedure Inventory, Dec. 31 Finished Goods Inventory, Jan. ane Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (manufacturing plant) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Starting time Piece of work-in-Process Straight Materials Used: First Raw Materials Inventory Purchased of Raw…

  • Compute cost of appurtenances sold for 2015 using the following data. $ Finished goods inventory, Dec….


    Compute cost of goods sold for 2015 using the following information. $ Finished appurtenances inventory, Dec. 31, 2014 Work in procedure inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2015 Cost of goods manufactured, 2015 Finished appurtenances inventory, December. 31, 2015 345,000 83,500 72,300 918,700 283,600 Cost of Goods Sold is Computed as: Cost of goods sold

  • Support Schedule of Cost of Goods Manufactured and sold At December 31, 2019, the finish of…


    Support Schedule of Cost of Goods Manufactured and sold At Dec 31, 2019, the cease of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2019: Materials inventory, January 1 $25,000 Materials inventory, Dec 31 15,000 Work in procedure inventory, January 1 xxx,000 Work in procedure inventory, December 31 41,000 Finished appurtenances inventory, January 1 51,000 Finished appurtenances inventory, Dec 31 36,000 Cyberspace delivered cost of materials purchased 150,000 Straight labor 148,000 Indirect material 12,000 Indirect labor 37,000…

    Read:   All of the Following Are Payroll Liabilities Except:

  • Consider the following data for Carrington Alantic Inc. for the year ended December 31, 2019:                        …

    Consider the following information for Carrington Alantic Inc. for the yr concluded December 31, 2019:                         Accumulated depreciation                                                     $ 400,000                         Depreciation expense (90%-Plant)                                         200,000                         Straight labor – Wages                                                               600,000                         Direct materials inventory, December. 31, 2019                                  fifty,000                         Direct materials inventory, Jan. 1, 2019                                     30,000                         Straight material purchases                                                        200,000                         Finished goods inventory, Dec. 31, 2019                                   xx,000                         Finished goods inventory, Jan. ane, 2019                                      40,000                         Heat, lite & power…

  • Consider the following information for Butler Manufacturing Inc. for the year ended December 31, 2019: ​​Accumulated…

    Consider the following information for Butler Manufacturing Inc. for the year concluded December 31, 2019: ​​Accumulated depreciation​       $ 400,000 ​​Depreciation expense (ninety%-Plant)​​  ​   200,000 ​​Direct labor – Wages​​​​​ ​  600,000 ​​Directly materials inventory, December. 31, 2019​​     50,000 ​​Directly materials inventory, Jan. 1, 2019​​   30,000 ​​Direct textile purchases​​​​     200,000 ​​Finished appurtenances inventory, Dec. 31, 2019​​   20,000 ​​Finished goods inventory, Jan. 1, 2019​​   40,000 ​​Oestrus, light & power (xc%-Plant)​​​​   60,000 ​​Indirect labor​​​​​​     forty,000 ​​Property taxes (xc%-Establish)​​​​         60,000 ​​Sales representatives’ salaries​​​       800,000 ​​Sales…

  • Office salaries $25,000 Advertising expense $13,000 Materials inventory, January $39,000 xi Direct labor $30,000 Materials inventory,…


    Function salaries $25,000 Advertising expense $thirteen,000 Materials inventory, Jan $39,000 11 Direct labor $30,000 Materials inventory, Jan $38.000 31 Office supplies $one,000 Sales $118,000 Work-in-procedure, Jan 1 $12,000 Materials purchased $16,000 Piece of work-in-procedure, Jan 31 $16,000 Finished goods, Jan i $24,000 Manufactory depreciation $12,000 Finished goods, Jan 31 $22,000 Units completed five,600 Factory utilities $6,000 $17,000 Factory rent Utilise the above data to answer questions vii-9 Cook Co. reports the above data for January. Determine the toll of materials used in…

    Read:   A Problem With the Monetary Unit Assumption is That

  • Check my work 9. Apply the following information to compute the toll of straight materials used…


    Check my work ix. Use the following information to compute the cost of straight materials used for the current twelvemonth. Assume the raw materials inventory account is used only for straight materials. (Presume no indirect materials.) January 1 December 31 Inventories Raw materials inventory Piece of work in process inventory Finished goods inventory Activity during electric current year Materials purchased Directly labor Factory overhead $ half-dozen,000 12,000 8,500 $ vii,500 9,000 5,500 points ellook $123,500 94,000 39,000 Hin Print Reteronces Cost of Straight…

  • Compute Cost of Goods Sold Using the Following Information

    Source: https://zuoti.pro/question/1265121/compute-the-cost-of-goods-sold-for-2019-using-the

    Check Also

    Use the Following Data to Calculate the Current Ratio

    Use the Following Data to Calculate the Current Ratio Utilize the following data to calculate …