da tud easoOTO At the beginning of the 2nd quarter of the current year, Marie Biscuit Manufacturing Company had P32,000 balance in its work in process account. At the end of 2nd quarter, the work in process account had a balance of P97,000 During the quarter, the bookkeeper of Marie Biscuit Manufacturing Company made the following entries: Finished goods Work in process 616,000 svo 616,000 583,000 linOn zinhralont um 583,000 Cost of Sales Finishehd Goods 2. The costs of goods put into process during the period amounted to

da tud easoOTO At the beginning of the 2nd quarter of the current year, Marie Biscuit Manufacturing Company had P32,000 balance in its work in process account. At the end of 2nd quarter, the work in process account had a balance of P97,000 During the quarter, the bookkeeper of Marie Biscuit Manufacturing Company made the following entries: Finished goods Work in process 616,000 svo 616,000 583,000 linOn zinhralont um 583,000 Cost of Sales Finishehd Goods 2. The costs of goods put into process during the period amounted to

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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Question 7. Part 4. Please fill in the blanks in the same format as the question
Subject : Accounting
Vinubhai
5.Balmond Manufacturing Company uses the FIFO method of accounting for Raw Materials. Determine the amount charged to work in process for the quarter using the following information * 6.What is the balance of the Raw Materials accounts at the end of the quarter? *
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Prepare Statements for a Manufacturing CompanyThe following balances are from the accounts of Hill Components:January 1 (Beginning) December 31 (Ending)Direct materials inventory ............... $48,100 $44,200Work-in-process inventory .............. 67,730 71,500Finished goods inventory ................ 15,600 18,200Direct materials used during the year amount to $59,800, and the cost of goods sold for the year was $68,900.RequiredFind the following by completing a cost of goods sold statement:a. Cost of direct materials purchased during the year.b. Cost of goods manufactured during the year.c. Total manufacturing costs incurred during the year.
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A elearn.squ.eu Comp Time left 0:25:14 XYZ Co. has the following information: Inventory at 1st Inventory at 31st Dec Jan 2020 2020 Raw Materials Inventory OMR 20,000 OMR 35,000 Work in Process Inventory OMR OMR 15,000 18,000 Finished Goods OMR 30,000 OMR Inventory 20,000 Additional information for the year is as follows: Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 85,000 Manufacturing overhead Actual OMR 80,000 Indirect materials OMR
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