Give me an analyzation or interpretation for Raw Material Turnover ratio of 353.18
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The business type of this company is food services industry.
Give me an analyzation or interpretation for Raw Material Turnover ratio of 353.18 Thankk you:)
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- PB5. LO 4.5 Complete the information in the cost computations shown here: Beginning Inventory $74,323 Work in Process Inventory Purchases ? Beginning inventory Materials used in production Direct labor $253,210 Materials available for use ? ? Ending inventory Materials used in production 125,900 94,425 ? Overhead applied 78,413 Manufacturing costs incurred Ending inventory ? 242,932 Cost of goods manufactured ? Finished Goods Inventory Finished goods inventory Beginning inventory Cost of goods manufactured Goods available for sale Ending inventory $333,149 309,016 ? 354,235 Cost of goods sold 287,93002/ The following data industrial company for materials (X) 1/2 Balance 1000 unit@10$ 1/5 Issued 500 unit 1/9 purchase S00 unit @12 1/10 purchase 1000 unit @14 25/11 Returen 200unit fram issued quantity 5/1 1/30 purchase 300 unit @15 R)prepare the cost of materials used and the cost assigned to the ending inventory using (LiFo, weighted averge method)TB MC Qu. 05-131 (Algo) A company has the following products... A company has the following products in its ending Inventory. Compute lower of cost or market for inventory applied separately to each product Cost per Market per Unit Unit $ 726 $ 696 $ 526 $ 566 $ 676 $ 701 Product Quantity 10 15 20 Product A Product B Product C
- If the net sales 159 150 ID , beginning -1 finished goods inventory 16 500 ID „Cost of goods manufactured 121 050 ID, ending finished goods inventory (.....),900 ID , the gross profit are 60 600 O 90 600 O 30 600 OFrom these results of operations, determine the cost of goods manufactured of XY Co.Finished goods -beg P72,000 Sales P465,000Finished goods - end P66,000 Gross margin P88,000 a. P371,000b. P377,000c. P383,000d. P459,0006:57 M IR1_MIDTERM_20201.pdf 66. Mocha Company uses the lower of cost or net realizable value method to value inventory. Data regarding the items in work in process inventory are presented below. Tarts 240,000 360,000 48,000 208,000 Pies 188,000 250,000 50,000 168,000 Mallows 300,000 360,000 68,000 318,000 Historical cost Selling price Estimated cost to complete Replacement cost Normal profit margin as a percentage of selling price What is the measurement of the work in process inventory? b. 694,000 25% 25%. 10% a. 676,000 c. 720,000 d. 728,000 11/12 II
- 14. The following data pertain to Alpha Company for the month of June 2018: Finished Goods, June 1, 2018 Finished Goods, June 30, 2018 Cost of Goods Manufactured Recovery from inventory write-down P290,540 276,760 805,820 10,720 Determine the cost of goods sold to be shown in the statement of comprehensive income of Alpha Company for the month of June 2018: а. Р808,880 b. Р880,880 с. Р830,320 d. P808,0807.07 O * Asiacell liı. A docs.google.com 3 O 5 O If the net sales 159 150 ID , beginning -1 finished goods inventory 16 5o0 ID „Cost of goods manufactured 121 050 ID, ending finished goods inventory (.. . 9000 ID , the gross profit are 60 600 90 600 O 30 600 O If the prime cost 70 700 ID ,- 2 manufacturing overhead 12 00O ID, beginning work inproces inventory 4Financial information is presented below: Operating Expenses $56000 Sales Revenue Cost of Goods Sold Gross profit would be $48000. $238000. $182000. $104000. 238000 134000
- Monaco manufacturing corp has the following account balances per ledger for the period ending December 31, 2019 Representation exp P10,000.00 Plant Supervision P126,750.00 Delivery expense P15,000.00 Purchase return P3,580.00 Depreciation -- Purchases P350,800.00 P62,800.00 Factory Building Raw Materials Depreciation office P25,000.00 Inventory, Dec. 31, P100,400.00 equipt 2019 Raw Materials Depreciation-Factory P9,460.00 Inventory, Jan 1, P101,640.00 / Equipment 2019 Repairs and Direct Labor P42,500.00 Maintenance - P76,480.00 factory equipt Salaries of office P29,220.00 P60,000.00 Factory Insurance and admin staff P46,200.00 Sales P1,100,000.00 Factory Utilities Finished Goods Sales return and P24,910.00 P5,000.00 Inventory, Jan. 1, allowances 2019 Selling and Administrative Indirect Labor P8,100.00 P26,490.00 Expenses45 Calculate gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return inwards OMR 5000. t of O a. OMR 10000 stion O b. OMR 15000 O c. OMR 5000 O d. OMR 45000 In which of the following Inventory techniques are the 立A. First In, First Out Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold .. ... B. Last In, First Out Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold ... ... C. Weighted Average Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold ... ...