5) Buffett Company has the following information: Direct Labor Costs WIP, Ending FG, Beginning Office building depreciation DM, Ending Insurance (office) Freight-Out Utilities (plant) $420,000 $52,000 $165,000 $90,000 $35,000 $50,000 $65,000 $42,000 What is Buffett's Cost of Goods Sold? DM, Beginning Equipment depreciation Freight-In WIP, Beginning FG, Ending Indirect Labor Costs DM Purchases Insurance (plant) $32,000 $250,000 $12,000 $58,000 $145,000 $40,000 $450,000 $63,000
5) Buffett Company has the following information: Direct Labor Costs WIP, Ending FG, Beginning Office building depreciation DM, Ending Insurance (office) Freight-Out Utilities (plant) $420,000 $52,000 $165,000 $90,000 $35,000 $50,000 $65,000 $42,000 What is Buffett's Cost of Goods Sold? DM, Beginning Equipment depreciation Freight-In WIP, Beginning FG, Ending Indirect Labor Costs DM Purchases Insurance (plant) $32,000 $250,000 $12,000 $58,000 $145,000 $40,000 $450,000 $63,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....
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![5) Buffett Company has the following information:
Direct Labor Costs
WIP, Ending
FG, Beginning
Office building depreciation
DM, Ending
Insurance (office)
Freight-Out
Utilities (plant)
$420,000
$52,000
$165,000
$90,000
$35,000
$50,000
$65,000
$42,000
What is Buffett's Cost of Goods Sold?
A) $1,300,000
B) $1,280,000
C) $1,260,000
D) $1,365,000
DM, Beginning
Equipment depreciation
Freight-In
WIP, Beginning
FG, Ending
Indirect Labor Costs
DM Purchases
Insurance (plant)
$32,000
$250,000
$12,000
$58,000
$145,000
$40,000
$450,000
$63,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7093ecba-b133-4717-8763-cf52fea08762%2F0ae9d174-7f79-4ec8-b0b4-c108e52d90fd%2Fr36iqe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5) Buffett Company has the following information:
Direct Labor Costs
WIP, Ending
FG, Beginning
Office building depreciation
DM, Ending
Insurance (office)
Freight-Out
Utilities (plant)
$420,000
$52,000
$165,000
$90,000
$35,000
$50,000
$65,000
$42,000
What is Buffett's Cost of Goods Sold?
A) $1,300,000
B) $1,280,000
C) $1,260,000
D) $1,365,000
DM, Beginning
Equipment depreciation
Freight-In
WIP, Beginning
FG, Ending
Indirect Labor Costs
DM Purchases
Insurance (plant)
$32,000
$250,000
$12,000
$58,000
$145,000
$40,000
$450,000
$63,000
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