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