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...

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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?
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Can Please Help Me: Accounting 60 minutes only the given time. Wish you could help me. I will give UPVOTE and GOOD FEEDBACK.
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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.
Can you show me steps on how to prepare a cost of goods manufatures for the current year December 31? Thanks carlos The following selected account balances are provided for Delray Mfg. Sales $ 1,044,000 Raw materials inventory, beginning 41,000 Work in process inventory, beginning 55,100 Finished goods inventory, beginning 60,900 Raw materials purchases 193,100 Direct labor 227,000 Factory supplies used (indirect materials) 18,500 Indirect labor 46,000 Repairs—Factory equipment 5,250 Rent cost of factory building 54,000 expense 103,000 General and administrative expenses 128,000 Raw materials inventory, ending 41,900 Work in process inventory, ending 41,000 Finished goods inventory, ending 69,100
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Check my work 4 The following data refers to one month for Talmidge Company. Fill in the blanks. 3 points Direct materials inventory, March 1 32,000 Direct materials inventory, March 31 27,000 Work-in-process inventory, March 1 10,000 Work-in-process inventory, March 31 еВook Finished goods inventory, March 1 64,000 Finished goods inventory, March 31 14,000 Purchases of direct materials Print Cost of goods manufactured during the month 260,000 Total manufacturing costs 254,000 Cost of goods sold References Gross margin 170,000 Direct labor 120,000 Direct materials used 62,000 Manufacturing overhead Sales revenue 480,000
Part A: Note: You must complete part A before completing parts B and C. Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows: DIRECT MATERIALS CostBehavior Unitsper Case Costper Unit Direct MaterialsCost per Case Cream base Variable 100 ozs. $0.02 $2.00 Natural oils Variable 30 ozs. 0.30 9.00 Bottle (8-oz.) Variable 12 bottles 0.50 6.00 $17.00 DIRECT LABOR Department CostBehavior Timeper Case Labor Rateper Hour Direct LaborCost per Case Mixing Variable 20 min $18.00 $6.00 Filling Variable 5 14.40 1.20 25min $7.20 FACTORY OVERHEAD Cost Behavior Total Cost Utilities Mixed $600 Facility lease…

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