The accounting records of Nutronics, Inc, Include the following information for the year ended December 31. Dec. 31 $ 24,000 8,000 90,000 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor Selling expenses General and administrative expenses Overhead assigned to production was $192,000. a. Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule) b. Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product? 210,000 110,000 170,000 140,000 Complete this question by entering your answers in the tabs below. Jan. 11 $ 20,000 12,000 80,000 Required A Required B Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) Manufacturing costs assigned to production: NuTronics, Inc. Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Total manufacturing costs Total cost of all goods in process during the year Cost of finished goods manufactured) Required B >

The accounting records of Nutronics, Inc, Include the following information for the year ended December 31. Dec. 31 $ 24,000 8,000 90,000 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor Selling expenses General and administrative expenses Overhead assigned to production was $192,000. a. Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule) b. Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product? 210,000 110,000 170,000 140,000 Complete this question by entering your answers in the tabs below. Jan. 11 $ 20,000 12,000 80,000 Required A Required B Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) Manufacturing costs assigned to production: NuTronics, Inc. Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Total manufacturing costs Total cost of all goods in process during the year Cost of finished goods manufactured) Required B >

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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