In July, Jonas Company purchased materials costing $21,000. Information on inventories was asfollows:MaterialsWork in processFinished goodsO $20,100O $21,000What was the cost of direct materials used in July?O $21.900July 1$6,200$ 700$3,300$20,500July 31$7,100$1,200$2,700

Name: In July, Jonas Company purchased materials costing $21,000. Informati
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: In July, Jonas Company purchased materials costing $21,000. Information on inventories was asfollows:MaterialsWork in processFinished goodsO $20,100O $21,000What was the cost of direct materials used in July?O $21.900July 1$6,200$ 700$3,300$20,500Ju

The direct material used can be calculated as raw material purchase plus changes in inventory of raw…

Business

Accounting

In July, Jonas Company purchased materials costing $21,000. Information on inventories was a follows: Materials Work in process Finished goods O $20,100 What was the cost of direct materials used in July? O $21,000 O $21,900 July 1 $6,200 $700 $3,300 O $20,500 July 31 $7,100 $1,200 $2,700

In July, Jonas Company purchased materials costing $21,000. Information on inventories was a follows: Materials Work in process Finished goods O $20,100 What was the cost of direct materials used in July? O $21,000 O $21,900 July 1 $6,200 $700 $3,300 O $20,500 July 31 $7,100 $1,200 $2,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

4
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead Inventories Raw materials Work in process Finished goods Beginning $ 11, 200 $ 55,700 $ 33,700 Ending $ 19,900 $ 65,800 $ 42,800 $ 31,000 $ 4,940 $ 59,300 $ 87,600 $ 4,080 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
answer letter f to j.
ob cost sheets show the following information: Job January February March Completed Sold AA2 $2,600 $1,000 February Not sold AA4 4,837 January February AA5 3,260 February March AA3 3,411 $2,320 April Not sold Total $7,437 $7,671 $2,320 What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for January, February, and March? Work inProcess FinishedGoods COGS January $fill in the blank 1 $fill in the blank 2 February fill in the blank 3 fill in the blank 4 $fill in the blank 5 March fill in the blank 6 fill in the blank 7 fill in the blank 8
Sterling's records show the work in process inventory had a beginning balance of $3,000 and an ending balance of $4,000. How much direct labor was incurred if the records also show: Materials used $1,600 Overhead applied 300 Cost of goods manufactured 5,400 $______
The journal entry to record the direct materials cost added in July would include A debit to work-in-process inventory (Department 2) for $425,000 A debit to work-in-process inventory (Department 2) for $400,000 No entry would be required A debit to raw materials inventory for $400,000 The journal entry to record the transferred-in cost added in July would include A debit to work-in-process inventory (Department 2) for $220,000 No entry would be required A debit to work-in-process inventory (Department 1) for $200,000 A debit to work-in-process inventory (Department 2) for $200,000
answer letter k to o.
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as f Inventories March 1 March 31 Materials Work in process Finished goods $193,500 129,650 98,690 $166,410 111,490 113,160 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Direct materials: $348,300 371,520 37,150 22,450 7,740 6,190 5,420 10,060 a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31
Please help me with show all calculation thanku
What is the amount of raw materials used?
5
The following information is available for Blossom Manufacturing Company April 1 April 30 Raw materials inventory $10,200 $14.800 Work in process inventory 5,800 4,000 Materials purchased in April 590.300 Direct labour in April 63,000 Manufacturing overhead in April 184,000 Prepare the east of goods manufactured schedule for the month of April BLOSSOM MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended April 30