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The accounting records of NuTronics, Incorporated, include the following information for the year ended December 31: December 31 January 1 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor Selling expenses General and administrative expenses $24,000 8,000 90,000 210,000 120,000 170,000 140,000 $20,000 12,000 80,000 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.) Nu Tronics, Incorporated Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 choose your answer... Manufacturing costs assigned to production: choose your answer... choose your answer.... choose your answer... Total manufacturing costs Total cost of all goods in process during the year choose your answer... Cost of finished goods manufactured type your answer... 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? (Note: Round your answer to 2 decimal places) $ type your answer.... per unit type your answer..... type your answer... type your answer.... type your answer... type your answer.... type your answer.... type your answer...

The accounting records of NuTronics, Incorporated, include the following information for the year ended December 31: December 31 January 1 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor Selling expenses General and administrative expenses $24,000 8,000 90,000 210,000 120,000 170,000 140,000 $20,000 12,000 80,000 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.) Nu Tronics, Incorporated Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 choose your answer... Manufacturing costs assigned to production: choose your answer... choose your answer.... choose your answer... Total manufacturing costs Total cost of all goods in process during the year choose your answer... Cost of finished goods manufactured type your answer... 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? (Note: Round your answer to 2 decimal places) $ type your answer.... per unit type your answer..... type your answer... type your answer.... type your answer... type your answer.... type your answer.... type your answer...

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The accounting records of Nu Tronics, Incorporated, include the following information for the year ended December 31: December 31 January 1 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor Selling expenses General and administrative expenses choose your answer... Manufacturing costs assigned to production: choose your answer... $ 24,000 8,000 choose your answer.... choose your answer... Total manufacturing costs Total cost of all goods in process during the year 90,000 210,000 120,000 170,000 140,000 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.) $20,000 12,000 80,000 NuTronics, Incorporated Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 type your answer.... type your answer.... type your answer..... type your answer.... type your answer... type your answer.... type your answer... choose your answer... Cost of finished goods manufactured type your answer...... 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? (Note: Round your answer to 2 decimal places.) $ type your answer..... per unit.
Transcribed Image Text:The accounting records of Nu Tronics, Incorporated, include the following information for the year ended December 31: December 31 January 1 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor Selling expenses General and administrative expenses choose your answer... Manufacturing costs assigned to production: choose your answer... $ 24,000 8,000 choose your answer.... choose your answer... Total manufacturing costs Total cost of all goods in process during the year 90,000 210,000 120,000 170,000 140,000 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.) $20,000 12,000 80,000 NuTronics, Incorporated Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 type your answer.... type your answer.... type your answer..... type your answer.... type your answer... type your answer.... type your answer... choose your answer... Cost of finished goods manufactured type your answer...... 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? (Note: Round your answer to 2 decimal places.) $ type your answer..... per unit.
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