Please asssist me with accounting answers- i need practice, plase explain if applicable for the answers. (Not graded Question) Administrative salaries (non-factory) $140,000 Administrative rent (non-factory) 70,000 Advertising and promotion expense 82,000 Depreciation-administrative 44,000 Depreciation-factory 60,000 Depreciation-selling 34,000 Direct labor 350,000 Factory rent 36,000 Factory supplies used 24,000 Finished goods inventory (January 1) 114,000 Finished goods inventory (December 31) 104,000 Indirect material used 28,000 Indirect labor 38,000 Materials inventory (January 1) 26,000 Materials inventory (December 31) 40,000 Net delivered cost of materials purchased 276,000 Other factory overhead 52,000 Sales 1,690,000 Sales salaries expense 144,000 Work in process inventory (January 1) 36,000 Work in process inventory ( December 31) 62,000 Bourne Manufacturing Company Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016 Direct material: Beginning materials inventory Answer Answer Answer Cost of material available Answer Less: Answer Answer Total materials used Answer Less: Answer Answer Direct material used Answer Direct labor Answer Manufacturing overhead Indirect material Answer Indirect labor Answer Factory supplies used Answer Factory depreciation Answer Factory rent Answer Answer Answer Total manufacturing overhead Answer Total manufacturing costs for the year Answer Add: Answer Answer Total cost of work in process during the year Answer Less: Answer Answer Cost of goods manufactured Answer Add: Answer Answer Cost of goods available for sale Answer Less: Answer Answer Cost of goods sold Answer
Please asssist me with accounting answers- i need practice, plase explain if applicable for the answers. (Not graded Question) Administrative salaries (non-factory) $140,000 Administrative rent (non-factory) 70,000 Advertising and promotion expense 82,000 Depreciation-administrative 44,000 Depreciation-factory 60,000 Depreciation-selling 34,000 Direct labor 350,000 Factory rent 36,000 Factory supplies used 24,000 Finished goods inventory (January 1) 114,000 Finished goods inventory (December 31) 104,000 Indirect material used 28,000 Indirect labor 38,000 Materials inventory (January 1) 26,000 Materials inventory (December 31) 40,000 Net delivered cost of materials purchased 276,000 Other factory overhead 52,000 Sales 1,690,000 Sales salaries expense 144,000 Work in process inventory (January 1) 36,000 Work in process inventory ( December 31) 62,000 Bourne Manufacturing Company Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016 Direct material: Beginning materials inventory Answer Answer Answer Cost of material available Answer Less: Answer Answer Total materials used Answer Less: Answer Answer Direct material used Answer Direct labor Answer Manufacturing overhead Indirect material Answer Indirect labor Answer Factory supplies used Answer Factory depreciation Answer Factory rent Answer Answer Answer Total manufacturing overhead Answer Total manufacturing costs for the year Answer Add: Answer Answer Total cost of work in process during the year Answer Less: Answer Answer Cost of goods manufactured Answer Add: Answer Answer Cost of goods available for sale Answer Less: Answer Answer Cost of goods sold Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please asssist me with accounting answers- i need practice, plase explain if applicable for the answers. (Not graded Question)
Administrative salaries (non-factory) | $140,000 |
Administrative rent (non-factory) | 70,000 |
Advertising and promotion expense | 82,000 |
44,000 | |
Depreciation-factory | 60,000 |
Depreciation-selling | 34,000 |
Direct labor | 350,000 |
Factory rent | 36,000 |
Factory supplies used | 24,000 |
Finished goods inventory (January 1) | 114,000 |
Finished goods inventory (December 31) | 104,000 |
Indirect material used | 28,000 |
Indirect labor | 38,000 |
Materials inventory (January 1) | 26,000 |
Materials inventory (December 31) | 40,000 |
Net delivered cost of materials purchased | 276,000 |
Other factory |
52,000 |
Sales | 1,690,000 |
Sales salaries expense | 144,000 |
Work in process inventory (January 1) | 36,000 |
Work in process inventory ( December 31) | 62,000 |
Bourne Manufacturing Company Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016 |
|||
---|---|---|---|
Direct material: | |||
Beginning materials inventory | Answer | ||
Answer | Answer | ||
Cost of material available | Answer | ||
Less: | Answer | Answer | |
Total materials used | Answer | ||
Less: | Answer | Answer | |
Direct material used | Answer | ||
Direct labor | Answer | ||
Manufacturing overhead | |||
Indirect material | Answer | ||
Indirect labor | Answer | ||
Factory supplies used | Answer | ||
Factory depreciation | Answer | ||
Factory rent | Answer | ||
Answer | Answer | ||
Total manufacturing overhead | Answer | ||
Total |
Answer | ||
Add: | Answer | Answer | |
Total cost of work in process during the year | Answer | ||
Less: | Answer | Answer | |
Cost of goods manufactured | Answer | ||
Add: | Answer | Answer | |
Cost of goods available for sale | Answer | ||
Less: | Answer | Answer | |
Cost of goods sold | Answer |
Save AnswersNext
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education