Need your help with Question Question:2.2Slapshot Company makes ice hockey sticks. On June 1, Slapshothad $48,000 of materials in inventory. During the month of June, thecompany purchased $132,000 of materials. On June 30, materialsinventory equaled $45,000.Required:Calculate the direct materials used in production for the month ofJune.

Concept of Beginning InventoryThe beginning inventory refers to the value of materials or goods…

Answered: Question:2.2 Slapshot Company makes ice…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 4EA: Marzons records show raw materials Inventory had a beginning balance of $200 and an ending balance...

See similar textbooks

Similar questions

Want solution
Question: Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $48,000 of materials in inventory. During the month of June, the company purchased $132,000 of materials. On June 30, materials inventory equaled $45,000. Required: Calculate the direct materials used in production for the month of June.
Prblm
Direct Materials Used Hannah Banana Bakers makes chocolate chip cookies for cafe restaurants. In June, Hannah Banana purchased $27,000 of materials. On June 1, the materials inventory was $7,560. On June 30, $3,402 of materials remained in materials inventory. Required: 1. What is the cost of the direct materials used in production during June?$ 2. There is a difference between the cost of direct materials that were purchased during the month and the cost of direct materials that were used in production during the month. In this context which of the following is true.
Refer to the information for Lauren Ashely Company above. Required: What was the cost of goods sold for September?
want correct answer
What should go in this formula section of the spread sheet?
Can Please Help Me: Accounting 60 minutes only the given time. Wish you could help me. I will give UPVOTE and GOOD FEEDBACK.
Please help me with show all calculation thanku
Andrew Industries purchased $165, 000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22, 000, and the materials used to complete jobs during the month were $141.000 of direct materials and $13,000 of indirect materials. What amount will Andrew debit to Work in Process Inventory for the month of March? Multiple Choice$165,000$154,000$13,000$141,000$33,000
Assume your company purchased on account $800 of raw materials (direct materials) in January. In February, you used $600 of those raw materials in your factory. Which of the following entries should be made in February to record the materials used in your factory? Debit: Work in Process Inventory $600, credit: Raw Materials Inventory $600. Debit: Factory Overhead $600, credit: Raw Materials Inventory $600. Debit: Raw Materials Inventory $600, credit: Work in Process Inventory $600. Debit: Work in Process Inventory $600, credit: Factory Overhead $600. Debit: Accounts Payable $600, credit: Raw Materials Inventory $600. Debit: Raw Materials Inventory $600, credit: Accounts Payable $600.
From the data given below, prepare a statement of cost of goods manufactured for the Blanche Manufacturing Company for the month of June, 20--. The wording for the statement is given, you must enter the numbers. Account Balances Finished Goods Work in Process Materials June 1 June 30 $20,000 $23,000 $2,000 $7,000 $ 19,000 $ 21,000 June Transactions (a) Purchased materials at a cost of $56,000. (b) Issued indirect materials to the factory, cost $3,000. (c) Total salaries and wages earned for the month were $38,000, of which $6,000 was for indirect factory labor and $4,000 was for office salaries. (d) Factory overhead for the month, other than indirect materials and indirect labor, was $16,000.

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS