6 7:896docs.google.com QIf the beginning finished goods -9inventory 90 000 ID, ending finishedgoods inventory 65 000 ID, overheadexpenses 18 000 ID ,cost of goodsmanufacturing 431 000 ID ,the cost of* -: goods sold is654 000 ID.546 000 ID456 000 ID .00If the sales revenue 830 000 ID , - 10sales returns 12 000 ID , sales allowanceand discount 28 000 ID ,the net sales is709 000 ID790 000 ID970 000 ID.یالا - غرف الدردشة المجانية )aD(الصوتية المجانية: الدردشة الحية مع أصدقائكترکیبII..

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If the beginning finished goods -9 inventory 90 000 ID, ending finished goods inventory 65 000 ID , overhead expenses 18 O00 ID ,cost of goods manufacturing 431 000 ID ,the cost of -: goods sold is 654 000 ID. O 546 000 ID 456 000 ID .00 O

If the beginning finished goods -9 inventory 90 000 ID, ending finished goods inventory 65 000 ID , overhead expenses 18 O00 ID ,cost of goods manufacturing 431 000 ID ,the cost of -: goods sold is 654 000 ID. O 546 000 ID 456 000 ID .00 O

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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[The following information applies to the questions displayed below.] Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional information for the first process follows. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Total units Units 78,000 876,000 760,000 194,000 Units $ 496,080 87,640 3,319,920 1,665, 160 Direct Materials Percent Complete 100% 100% Required: 1. Compute equivalent units of production for both direct materials and conversion. Percent Complete $ 583,7: ( 4,985,0 $ 5,568,80 Equivalent Units of Production (EUP) - Weighted Average Me Direct Materials EUP
1. Marulacturlng costs. A schedule of cosl .of goods manuiuciurou SIVNS, $300,000 800,000 640,000 140,000 Matotlals used. Direct labor.... ....... *" Ovorhead costs.. . Work In procese, ondirig Inventory... ..... .: .... Flequlred: (1) Calculate the rate of faclory overhead to direct labor cost. (2) Deterrmine the cost of direct materlals lncluded In the work in process ending. Inventory, assuming that the diréct labor cost Included in the mventory of work in process is $50,000.·
the prime cost 70 700 ID , manufacturing overhead 12 000 ID , beginning work inproces inventory 4 000 ID ,ending work inproces inventory 6 000 ID ,the cost of goods manufactured are
A manufacturing company has a beginning finished goods inventory of $27/600, cost of goods manufactured of $57,800, and an ending finished goods inventory of $26,900 The cost of goods sold for mis company Mutiple Choice O OOO $112.300 $57300 11.300 104300 $50,00
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 Expenses
Beginning inventory, finished goods Cost of Goods Sold Direct material used in production Ending inventory, finished goods Beginning and ending work-in-process inventory P 100,000 450,000 130,000 80,000 Zero Overhead is estimated to be two times the amount of direct labor cost. Compute the amount of direct labor cost.
Sheffield Corp. has beginning work in process inventory of $ 118000 and total manufacturing costs of $ 477000. If cost of goods manufactured is $ 480000, what is the cost of the ending work in process inventory? O $ 100000. O $ 115000. O $ 130000. O $ 121000.
Sales Revenue Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Cost of Goods Sold Gross Margin Direct Materials Used Selling and Administrative Expense Operating Income Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Direct Labor Used Factory Overhead Total Manufacturing Cost Cost of Goods Manufactured Selling and administrative expenses are calculated to be: Multiple Choice $12.000. $4,000. $ 58,000 9,000 6,000 2 25,000 10,000 ? 14,000 ? 5,000 9,000 12,000 ? ?
Cost of Goods Manufactured and Cost of Goods Sold For each of the following unrelated companies, compute the cost of goods manufactured and the cost of goods sold: A B C Selling expenses $860 $1,160 $960 Factory insurance 260 245 140 Ending finished goods inventory 810 750 515 Non-factory administrative expenses 250 450 350 Direct labor 2,920 3,120 2,480 Beginning materials inventory 880 1,030 710 Beginning work in process inventory 1,120 840 1,070 Indirect materials used 390 420 230 Factory utilities 600 635 510 Factory depreciation 730 760 380 Ending work in process inventory 1,360 790 950 Ending materials inventory 440 710 410 Indirect labor 425 280 160 Beginning finished goods inventory 850 725 480 Factory repairs and maintenance 215 230 175 Net delivered cost of materials purchased 3,140 4,410 2,870 Factory supplies used 330 310 210 A B C Direct materials used Answer Answer Answer Direct labor Answer Answer Answer…
acc
P10-5 Perth Amboy Corporation manufactures white board in a two-department processes. The Assembly Department uses weighted average costing and the stage of completion of overhead is unrelated to labor. The Finishing Department uses FIFO costing. Materials are added to the final units from Assembly and overhead is applied on the basis of direct labor. The cost accountant gathered the following data for the two departments during the month of October 2015: Assembly Department Units Beginning WIP inventory (100% complete for direct materials, 30% complete for direct labor and 40% complete for overhead) Units started in October 1,200 7,000 1,000 Ending WIP inventory (100% complete for direct materials, 60% complete for direct labor and 70% complete for overhead) OH Total DL P12,700 P10,300 80,000 P92,700 P80,300 P279,500 DM Costs Beginning WIP inventory Current period Total costs P34,500 P11,500 95,000 P106,500 70,000 245,000 Finishing Department Units 2,000 Beginning WIP inventory (100%…
Use the included information about Raw Materials Inventory (RM), Work in Process Inventory (WIP), Finished Goods Inventory (FG), and the Income Summary (IS). Determine the total conversion costs added. 1 2 3 4 5 6 7 1 00 RM B Bal T1 T2 T3 T4 E Bal 8 9 FG 10 B Bal 11 T1 12 T2 13 T3 14 T4 15 E Bal 2 Debits 4300 29 050 Debits 4800 45 592 3 Credits 28 000 Credits 33 500 4 5 WIP B Bal DM DL FOH CGM E Bal IS Rev CGS V Op Exp F Op Exp NIBT 6 Debits 8920 28 000 17 430 11 130 Debits 33 500 5130 7960 7 Credits 45 592 Credits 66 200

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