Bag Teeth manufactures dental supplies & equipment.Bag Teeth Ack's Total sales for year 2022 is $1,587,560cost of goods sold & gross marginCalculateInventory:Finished Goods, Jan. 01Work in process, Jan.o1Raw MaterialsJan. 01Raw materials purchasedRaw Materials, Dec 31Work in Process, Dec. 31Finished Goods, Dec. 31.other Factory Expenses!Factory Supervisor salaryEquipment repairsPlant utilitiesplant property taxAssembly employees info:# of employees.hourWages perDaily hoursAnnual total days workper employeeHow much isan552,000.00165,000.0016,500.0028,000.0015,000.0021,000.00465,000.0045,000.0015,500.0013,500.0011,500.0018.18.508260total manufacturingaccount?cost to

Answer to the above question: Calculation of COST OF GOODS SOLD & Gross Margin of Bag Teeth…

Bag Teeth manufactures dental supplies & equipment. Bag Teeth Acts Total sales for year 2022 is $1,587,560 sold & gross margin Calculate cost OF Inventory: Finished Goods, Jan. 01 Work in process, Jano! 1 Raw Materials Jan. 01 Raw Materials purchased Raw Materials, Dec 31 Work in Process, Dec. 31 Finished Goods, Dec. 31 other Factory Expenses! goods Factory Supervisor salary Equipment repairs Plant utilities plant property tax Assembly employee's info: # of employees. hour Wages per Daily hours Annual total days work per employee 552,000.00 165,000.00 16,500.00 28,000.00 15,000.00 21,000.00 465,000.00 45,000.00 15,500.00 13,500.00 11,500.00 18. 18.50 8 260 How much is total manufacturing account? an cost to

Bag Teeth manufactures dental supplies & equipment. Bag Teeth Acts Total sales for year 2022 is $1,587,560 sold & gross margin Calculate cost OF Inventory: Finished Goods, Jan. 01 Work in process, Jano! 1 Raw Materials Jan. 01 Raw Materials purchased Raw Materials, Dec 31 Work in Process, Dec. 31 Finished Goods, Dec. 31 other Factory Expenses! goods Factory Supervisor salary Equipment repairs Plant utilities plant property tax Assembly employee's info: # of employees. hour Wages per Daily hours Annual total days work per employee 552,000.00 165,000.00 16,500.00 28,000.00 15,000.00 21,000.00 465,000.00 45,000.00 15,500.00 13,500.00 11,500.00 18. 18.50 8 260 How much is total manufacturing account? an cost to

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

Materials Inventory Debit Ending Balance 38,200 Credit Work-in-Process Inventory Debit Beginning Credit Finished Goods Inventory Balance 22,100 Debit Credit (9/30) (9/1) Direct Labor Ending Balance 67,700 118,000 (9/30) Cost of Goods Sold Manufacturing Overhead Applied Debit Credit Debit Credit Manufacturing Overhead Control Debit Credit 129,570 Wages Payable Sales Revenue Debit Credit Debit Credit 479,500 Additional Data Sales are billed at 175 percent of Cost of Goods Sold before the over- or underapplied overhead is prorated. • Materials of $76,500 were purchased during the month, and the balance in the Materials Inventory account increased by $5,700 • Overhead is applied at the rate of 210 percent of direct materials cost. The balance in the Finished Goods Inventory account decreased by $19,700 during the month before any proration of under- or overapplied overhead. • Total credits to the Wages Payable account amounted to $135,300 for direct and indirect labor. . Factory…
Manufacturing costs: Direct materials: Direct materials inventory Work-in-process inventory Finished goods inventory Direct materials used during the year amount to $1,096,000 and the cost of goods sold for the year was $1,278,000. Required: Prepare a cost of goods sold statement. Note: Enter your answers in thousands of dollars (I.e., 234,000 should be entered as 234). Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Finished goods available for sale January 1 (Beginning) ($000) $ 712 Cost of goods sold December 31 (Ending) ($000) $784 1,330 264 1,154 139 BIRWOOD FURNITURE Cost of Goods Sold Statement For the Year Ended December 31 ($000)
answer in text form with all workings like explanation , computation , steps for every steps for all requirements
Please do not give solution in image format thanku
Make an income statement
Prepare a schedule of cost of goods manufactured for the year ended December 31, 2021, clearly showing total manufacturing cost & total manufacturing costs to account for and What is the unit product cost if Canine Nutritionists manufactured 18,500 bags of grains for the year?