Q-01: The December 31, 19×B trial balance of the CristianoCompany showed:[20 Marks]Sales$4,000,500 Sales Return & Allowances $25,200Purchases (Net) 2,400,000 Transportation-in3,204,000 Factory Overhead200,000 Advertising Expense32,000Direct Labor1,885,600Sales Salaries155,000Delivery Expense65,000Inventories:December 31, 19XB December 31, 19xA$467,400Finished Goods$620,000Work in Process136,800129,800Materials196,000176,000Required:• Total Manufacturing Cost• Cost of Goods Manufactured (COGM)• Cost of Goods Sold (COGS)

Name: Q-01: The December 31, 19×B trial balance of the CristianoCompany sho
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Description: Q-01: The December 31, 19×B trial balance of the CristianoCompany showed:[20 Marks]Sales$4,000,500 Sales Return & Allowances $25,200Purchases (Net) 2,400,000 Transportation-in3,204,000 Factory Overhead200,000 Advertising Expense32,000Direct Labor1,8

Solution: Particulars Amount Amount Direct Material Beginning Raw Material 176,000…

Business

Accounting

Q-01: The December 31, 19×B trial balance Company showed: [20 Marks] Sales $4,000,500 Sales Return & Allowances $25,200 Purchases (Net) 2,400,000 Transportation-in 3,204,000 Factory Overhead 200,000 Advertising Expense Delivery Expense 32,000 Direct Labor 1,885,600 Sales Salaries 155,000 65,000 Inventories: December 31, 19XB December 31, 19xA $620,000 Finished Goods $467,400 Work in Process 136,800 129,800 Materials 196,000 176,000 Required: • Total Manufacturing Cost • Cost of Goods Manufactured (COGM)

Q-01: The December 31, 19×B trial balance Company showed: [20 Marks] Sales $4,000,500 Sales Return & Allowances $25,200 Purchases (Net) 2,400,000 Transportation-in 3,204,000 Factory Overhead 200,000 Advertising Expense Delivery Expense 32,000 Direct Labor 1,885,600 Sales Salaries 155,000 65,000 Inventories: December 31, 19XB December 31, 19xA $620,000 Finished Goods $467,400 Work in Process 136,800 129,800 Materials 196,000 176,000 Required: • Total Manufacturing Cost • Cost of Goods Manufactured (COGM)

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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