Carla Vista Corporation incurred the following costs while manufacturing its product:Materials used in productAdvertising expenseDepreciation on plantProperty taxes on plantProperty taxes on warehouseDelivery expenseLabour costs of assembly-line workersSales commissionsFactory supplies usedSalaries paid to sales clerks(a)Your answer is incorrect.Calculate the cost of goods manufactured.$121,20061,600Cost of goods manufactured $7,710Work in process inventory was $10,900 at January 1 and $14,800 at December 31. Finished goods inventory was $60,500 at January1 and $50,800 at December 31.111,00026,000$45,05019.20022,00035,10050,400

The term "cost of goods produced" (COGM) in managerial accounting refers to a schedule or statement…

Carla Vista Corporation incurred the following costs while manufacturing its product: Materials used in product Depreciation on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Calculate the cost of goods manufactured. $121,200 Cost of goods manufactured $ 61,600 7,710 111,000. 26,000 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $45,050 19,200 Work in process inventory was $10,900 at January 1 and $14,800 at December 31. Finished goods inventory was $60,500 at January 1 and $50.800 at December 31. 22,000 35,100 50,400

Carla Vista Corporation incurred the following costs while manufacturing its product: Materials used in product Depreciation on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Calculate the cost of goods manufactured. $121,200 Cost of goods manufactured $ 61,600 7,710 111,000. 26,000 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $45,050 19,200 Work in process inventory was $10,900 at January 1 and $14,800 at December 31. Finished goods inventory was $60,500 at January 1 and $50.800 at December 31. 22,000 35,100 50,400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume that a manufacturing company incurred the following costs: $ 90,000 $ 40,000 $ 35,000 $ 15,000 $ 4,000 $ 5,000 $ 20,000 $ 1,000 $ 2,500 $ 105,000 $ 6,000 $ 7,000 Direct labor Advertising Factory supervision Sales commissions Depreciation, office equipment Indirect materials Depreciation, factory building Administrative office salaries Utilities, factory Direct materials Insurance, factory Property taxes, factory What is the total amount of conversion costs?
Tamarisk Corporation incurred the following costs during 2022. Direct materials used in product Depreciation on factory Property taxes on store Labor costs of assembly-line workers Factory supplies used (a) * Your answer is incorrect. Compute cost of goods manufactured. $115,200 Cost of goods manufactured 57,600 7,200 105,600 22,400 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks Work in process inventory was $11,600 at January 1 and $14,800 at December 31. Finished goods inventory was $57,600 at January 1 and $43,700 at December 31. $43,200 314400 13,600 20,000 33,600 48,000
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