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

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter3: Taxes On The Financial Statements
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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
 
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