ReviewViewHelpO Editing vA A Aミッニッ三三>TくAaBbCcAaBbCcNo SpacingAaBbCcAaBbCcAaBbCcNormalHeading 1Heading 2Heading 3ParagraphStylesQuestion 3:Supersave Ltd. has the below inventory balances and other information at the end of Dec 2020.BalancesBeginningEndingDirect Material$15,750.00$8,000.00Working in Process InventoryFinished Goods Inventory$2,850.00243,500.002$2,200.00243,800.00Other informationPurchase of Direct Material50,000.00Factory Supervisor Salaries$5,750.00Sales Salaries and Commissions247,250.00Delivery Cost2$1,400.00Sales Revenue$115,000.00Factory Utility Costs2$1,200.00Factory Rent2417,750.00Direct Labor$26.000.00Required:Please calculate the amount of cost of goods manufactured.DELL

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Question 3: Supersave Ltd. has the below inventory balances and other information at the end of Dec 2020. Balances Beginning Ending Direct Material $4 15,750.00 $4 8,000.00 Working in Process Inventory $4 2,850.00 2$ 3,500.00 Finished Goods Inventory 24 2,200.00 3,800.00 Other information Purchase of Direct Material $4 50,000.00 Factory Supervisor Salaries 2$ 5,750.00 Sales Salaries and Commissions 2$ 7,250.00 Delivery Cost 2$ 1,400.00 Sales Revenue $ 115,000.00 Factory Utility Costs $ 1,200.00 Factory Rent 24 17,750.00 Direct Labor $ 26,000.00 Required: Please calculate the amount of cost of goods manufactured.

Question 3: Supersave Ltd. has the below inventory balances and other information at the end of Dec 2020. Balances Beginning Ending Direct Material $4 15,750.00 $4 8,000.00 Working in Process Inventory $4 2,850.00 2$ 3,500.00 Finished Goods Inventory 24 2,200.00 3,800.00 Other information Purchase of Direct Material $4 50,000.00 Factory Supervisor Salaries 2$ 5,750.00 Sales Salaries and Commissions 2$ 7,250.00 Delivery Cost 2$ 1,400.00 Sales Revenue $ 115,000.00 Factory Utility Costs $ 1,200.00 Factory Rent 24 17,750.00 Direct Labor $ 26,000.00 Required: Please calculate the amount of cost of goods manufactured.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 6MCQ: Refer to the information for Morgan Inc. above. If Morgan uses a perpetual inventory system, what is...

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