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pped Cream Department of the John Kinky Toy Factory has the information below ava process inventory, March 1 17,000 March 1 6,000 of materials $5,000 naterials available for use terials, March 31 7,000 f materials placed in production abor 25,000 Overhead: Labor 15,000 Materials actory supplies & utilities costs 9.000 actory Overhead 34,000 nanufacturing costs added Manufacturing costs Work in Process inventory, March 31 18,500 f good Manufactured es 235,000 nished goods inventory, March 1 21,000 ost of goods manufactured From Above ost of finished goods available for sale

pped Cream Department of the John Kinky Toy Factory has the information below ava process inventory, March 1 17,000 March 1 6,000 of materials $5,000 naterials available for use terials, March 31 7,000 f materials placed in production abor 25,000 Overhead: Labor 15,000 Materials actory supplies & utilities costs 9.000 actory Overhead 34,000 nanufacturing costs added Manufacturing costs Work in Process inventory, March 31 18,500 f good Manufactured es 235,000 nished goods inventory, March 1 21,000 ost of goods manufactured From Above ost of finished goods available for sale

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AniMixPlay - Watch... MechMap E Indian River State C. PK Your Shopping Cart. K MAXKEY - Famous... O ne Whipped Cream Department of the John Kinky Toy Factory has the information below available for the r Jork in process inventory, March 1 17,000 faterials, March 1 6,000 urchase of materials 85,000 Cost of materials available for use Less Materials, March 31 7,000 Cost of materials placed in production Direct Labor 25,000 Factory Overhead: Indirect Labor 15,000 Indirect Materials Other factory supplies & utilities costs 9.000 Total Factory Overhead 34,000 Total manufacturing costs added Total Manufacturing costs Less: Work in Process inventory, March 31 18,500 Cost of good Manufactured Sales 235,000 Finished goods inventory, March 1 21,000 Cost of goods manufactured From Above Cost of finished goods available for sale onorlock Browser Guard"M Ir app.ho
Transcribed Image Text:AniMixPlay - Watch... MechMap E Indian River State C. PK Your Shopping Cart. K MAXKEY - Famous... O ne Whipped Cream Department of the John Kinky Toy Factory has the information below available for the r Jork in process inventory, March 1 17,000 faterials, March 1 6,000 urchase of materials 85,000 Cost of materials available for use Less Materials, March 31 7,000 Cost of materials placed in production Direct Labor 25,000 Factory Overhead: Indirect Labor 15,000 Indirect Materials Other factory supplies & utilities costs 9.000 Total Factory Overhead 34,000 Total manufacturing costs added Total Manufacturing costs Less: Work in Process inventory, March 31 18,500 Cost of good Manufactured Sales 235,000 Finished goods inventory, March 1 21,000 Cost of goods manufactured From Above Cost of finished goods available for sale onorlock Browser Guard"M Ir app.ho
A irsc.blackboard.com/webapps/assessment/take/take.jsp?course_assess! K MAXKEY – Famous... MechMap Indian River State C... Your Shopping Cart.. A AniMixPlay - Watch... Indirect Materials 9.000 Other factory supplies & utilities costs 34,000 Total Factory Overhead :- Total manufacturing costs added Total Manufacturing costs 18,500 Less: Work in Process inventory, March 31 Cost of good Manufactured Sales 235,000 Finished goods inventory, March 1 21,000 Cost of goods manufactured From Above Cost of finished goods available for sale Less: finished good inventory, March 31 23,000 Cost of goods sold Gross Profit $ Less: selling and administrative expenses 78,000 Net Income A Click Submit to complete this assessment.
Transcribed Image Text:A irsc.blackboard.com/webapps/assessment/take/take.jsp?course_assess! K MAXKEY – Famous... MechMap Indian River State C... Your Shopping Cart.. A AniMixPlay - Watch... Indirect Materials 9.000 Other factory supplies & utilities costs 34,000 Total Factory Overhead :- Total manufacturing costs added Total Manufacturing costs 18,500 Less: Work in Process inventory, March 31 Cost of good Manufactured Sales 235,000 Finished goods inventory, March 1 21,000 Cost of goods manufactured From Above Cost of finished goods available for sale Less: finished good inventory, March 31 23,000 Cost of goods sold Gross Profit $ Less: selling and administrative expenses 78,000 Net Income A Click Submit to complete this assessment.
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A cost sheet is a document that provides for the assembly of the estimated detailed cost in respect of a cost center or a cost unit. It analysis and classifies in a tabular form the expenses on different items for a particular period. Additional columns may also be provided to show the cost per unit pertaining to each item of expenditure and the total per unit cost. 

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