Apps | Microsoft 365 Mail-Noah Bothello - Outlo X WP Chapter 3 Homework WP Question 3 of 3 - Chapter 3 + wiley.com/was/ui/v2/assessment-player/index.html?launchld=c673e993-bd7c-4917-8d43-cf2962d83dd4#/question/2 Question 3 of 3 2048 0/1 E Current Attempt in Progress On November 30, 2022, there was a fire in the factory of Pharoah Manufacturing Limited, where you work as the controller. The work in process inventory was completely destroyed, but both the materials and finished goods inventories were undamaged. Pharoah uses normal job-order costing and its fiscal year end is December 31. Selected information for the periods ended October 31, 2022, and November 30, 2022, follows: October 31, November 30, 2022 2022 Supplies (including both direct and indirect materials) $79,850 $73,850 Work in process inventory 59,475 ? Finished goods inventory 59,600 63,600 Cost of goods sold (year to date) 566,500 665,900 Accounts payable (relates to materials purchased only) 18,460 53,770 Manufacturing overhead incurred (year to date) 130,100 163,300 Manufacturing overhead applied 129,100 ? Other information for November 2022: Cash payments to suppliers Payroll (including $15,570 indirect) Indirect materials used C # $ 2 3 4 $59,600 84,500 5,880 MacBook Pro Q Search Secure Search <6 95 & 7 * 8 + ( 9 0 ahbothello6 X Apps | Microsoft 365 Mail - Noah Bothello - Outlo X WP Chapter 3 Homeworks X WP Question 3.01 education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c673e993-bd7c-4917-8d43-cf2962d83dd4#/question/2 omework Question 3 of 3 > A October 31, November 30, 2022 2022 Supplies (including both direct and indirect materials) $79,850 $73,850 Work in process inventory 59,475 ? Finished goods inventory 59,600 63,600 Cost of goods sold (year to date) 566,500 665,900 Accounts payable (relates to materials purchased only) 18,460 53,770 Manufacturing overhead incurred (year to date) Manufacturing overhead applied Other information for November 2022: 130,100 163,300 129,100 ? Cash payments to suppliers Payroll (including $15,570 indirect) $59,600 84,500 Indirect materials used 5,880 Over-applied overhead (during November only) 2,790 Calculate the normal cost of the work in process inventory lost during the fire. Cost of the work in process inventory # M C 50 $ $ MacBook Pro Q Search Secure Search 76 % < C & 0/1

Apps | Microsoft 365 Mail-Noah Bothello - Outlo X WP Chapter 3 Homework WP Question 3 of 3 - Chapter 3 + wiley.com/was/ui/v2/assessment-player/index.html?launchld=c673e993-bd7c-4917-8d43-cf2962d83dd4#/question/2 Question 3 of 3 2048 0/1 E Current Attempt in Progress On November 30, 2022, there was a fire in the factory of Pharoah Manufacturing Limited, where you work as the controller. The work in process inventory was completely destroyed, but both the materials and finished goods inventories were undamaged. Pharoah uses normal job-order costing and its fiscal year end is December 31. Selected information for the periods ended October 31, 2022, and November 30, 2022, follows: October 31, November 30, 2022 2022 Supplies (including both direct and indirect materials) $79,850 $73,850 Work in process inventory 59,475 ? Finished goods inventory 59,600 63,600 Cost of goods sold (year to date) 566,500 665,900 Accounts payable (relates to materials purchased only) 18,460 53,770 Manufacturing overhead incurred (year to date) 130,100 163,300 Manufacturing overhead applied 129,100 ? Other information for November 2022: Cash payments to suppliers Payroll (including $15,570 indirect) Indirect materials used C # $ 2 3 4 $59,600 84,500 5,880 MacBook Pro Q Search Secure Search <6 95 & 7 * 8 + ( 9 0 ahbothello6 X Apps | Microsoft 365 Mail - Noah Bothello - Outlo X WP Chapter 3 Homeworks X WP Question 3.01 education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c673e993-bd7c-4917-8d43-cf2962d83dd4#/question/2 omework Question 3 of 3 > A October 31, November 30, 2022 2022 Supplies (including both direct and indirect materials) $79,850 $73,850 Work in process inventory 59,475 ? Finished goods inventory 59,600 63,600 Cost of goods sold (year to date) 566,500 665,900 Accounts payable (relates to materials purchased only) 18,460 53,770 Manufacturing overhead incurred (year to date) Manufacturing overhead applied Other information for November 2022: 130,100 163,300 129,100 ? Cash payments to suppliers Payroll (including $15,570 indirect) $59,600 84,500 Indirect materials used 5,880 Over-applied overhead (during November only) 2,790 Calculate the normal cost of the work in process inventory lost during the fire. Cost of the work in process inventory # M C 50 $ $ MacBook Pro Q Search Secure Search 76 % < C & 0/1

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 2.1C

See similar textbooks