Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead All raw materials used were direct materials. Healey Company's cost of goods manufactured for the year is: Multiple Choice O $185,800. $ 35,200 80,000 36,600 42,400 48,000 62,800 50,000 $188,600.

Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead All raw materials used were direct materials. Healey Company's cost of goods manufactured for the year is: Multiple Choice O $185,800. $ 35,200 80,000 36,600 42,400 48,000 62,800 50,000 $188,600.

Name: Waterford APxam Ili2802:43:05McGrawHill4Current information for the H
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Description: Waterford APxam Ili2802:43:05McGrawHill4Current information for the Healey Company follows:Beginning raw materials inventoryRaw material purchasesEnding raw materials inventoryBeginning work in process inventoryEnding work in process inventoryDirect

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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The following cost data relate to ABC Products Company for the year ended June 30, 2005. Direct Materials Br. 55, 600 Direct Labor 72,400 Factory Overhead 36,500 Work in process inventory, July 1, 2004 38,200 Work in process inventory, June 30, 2005 34,800 Required: 1. Calculate the manufacturing costs for the year. 2. Calculate the cost of goods manufactured for the year ended June 30, 2005.
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Problems:
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The following information relates to NBV for the year ended 31 July 20X3. $'000 Direct materials 160 Direct labour 200 Prime cost 360 Carriage outwards 880 Depreciation of delivery vehicles 30 Factory indirect overheads 450 Increase in work-in-progress inventory 75 Decrease in inventory of finished goods 55 What should be the factory cost of goods completed for the year ended 31 July 20X3? ...............................
Xia Company manufactures a single product. All raw materials used were direct materials. Current information for company follows: Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory The company's cost of direct materials used, cost of goods manufactured and cost of goods sold are: Option A Option B Option C Cost of Materials Used $93,000 $96,000 $90,000 $90,000 Option D Option E $96,000 Multiple Choice O Option A O Option B O Option C O Option D O Option E Cost of Goods Cost of Goods Manufactured Sold $291,000 $291,000 $311,000 $291,000 $311,000 $ 16,000 19,000 93,000 28,000 38,000 118,000 93,000 68,000 48,000 $271,000 $311,000 $271,000 $311,000 $291,000
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