Attempt in Pro Splish Co. both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year 2020. Purchase Cash paid for equipment, including sales tax of $5,600 Freight and insurance cost while in transit Cost of moving equipment into place at factory Wage cost for technicians to test equipment Insurance premium paid during first year of operation on this equipment Special plumbing fixtures required for new equipment Repair cost incurred in first year of operations related to this equipment Construction Material and purchased parts (gross cost $224,000: failed to take 2% cash discount) Imputed interest on funds used during construction (stock financing) Labor costs Allocated overhead costs (fixed-$22.400; variable-$33,600) Profit on self-construction Cost of installing equipment Compute the total cost to be capitalized for each of these two pieces of equipment Purchase equipment Construction equipment eTextbook and Media S S $117.600 2,240 3,472 4,480 1.680 8,960 1,456 $224,000 15,680 212.800 56,000 33,600 4,928

Attempt in Pro Splish Co. both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year 2020. Purchase Cash paid for equipment, including sales tax of $5,600 Freight and insurance cost while in transit Cost of moving equipment into place at factory Wage cost for technicians to test equipment Insurance premium paid during first year of operation on this equipment Special plumbing fixtures required for new equipment Repair cost incurred in first year of operations related to this equipment Construction Material and purchased parts (gross cost $224,000: failed to take 2% cash discount) Imputed interest on funds used during construction (stock financing) Labor costs Allocated overhead costs (fixed-$22.400; variable-$33,600) Profit on self-construction Cost of installing equipment Compute the total cost to be capitalized for each of these two pieces of equipment Purchase equipment Construction equipment eTextbook and Media S S $117.600 2,240 3,472 4,480 1.680 8,960 1,456 $224,000 15,680 212.800 56,000 33,600 4,928

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Is there an excel table showing how to use functions?
The attached image is the problem. Thank you!
How is the access control list approach different from RBAC?
could not understand need manual answer not on excel
1. DOT MATRIX PRINTERS ARE NOT CONSIDERED AS DESKTOP PRINTERS. A. TRUE B. FALSE
Which of the following QBO features can be used to save a transaction that will be re-used in the future? Multiple Choice Saved transactions (+) New icon Recurring transactions None of the choices is correct.
Adjusting entries and error example
Please help me,
Please don't use chat gpt and other ai other wise I give multiplie downvote Which of the following is sometimes called a currently attainable standard? O a. par b. normal standard O c. theoretical standard d. ideal standard
Write a about memorandum message
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself
Information that is reported free from error ________.