X Inc. is a manufacturing company using the perpetual system. The beginning inventory of materials totaled P 150,000 & all debits to "materials account" amounted to P 400,000. The excess of beginning inventory over its ending inventory is P 60, 000. Conversion cost is 100,000. WIP inventory increased by 5,000 while Finished Goods inventory decreased by 3,000. GP rate is 30% based on cost. Compute the gross profit

Q: Worth Company reported the following year-end information- beginning work in process inventory,…

A: Worth company's Beginning work in process inventory = $180000 Cost of goods manufactured = $866000…

Q: A manufacturing company has an ending finished goods inventory of $14,600, raw material purchases of…

A: Definition: Cost of goods sold: Cost of goods sold is the total of all the expenses incurred by a…

Q: Hernando​ Manufacturing, Inc. reported the following information for the​ year:   Number of Units…

A: Unit Product Cost = Cost of Goods Manufactured / Number of Units Produced

Q: Ednistn Compy reported the fllewing yornd in iing worki prices inventory, S000 cest of goods…

A: Cost of goods sold = beginning finished goods inventory + cost of goods manufactured - ending…

Q: Compare the alternatives below using AW and i = 10% per year C D First Cost, $ -50,000 -250,000…

A: Operating Cost  Operating costs are the day-to-day costs of running a firm. COGS (cost of goods…

Q: The opening and closing inventories of a manufacturing business are GH₵ 22,000 and GH₵ 36,000…

A: Unrealized profits are the excess amount charged on the cost of goods. It is calculated on the…

Q: Bogs company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit…

A: Gross Profit = Sales Revenue x Gross Profit Margin Cost of Goods Sold = Sales - Gross Profit

Q: Cavy Company completed 7,770 units during the year at a cost of $590,520. The beginning finished…

A: solution given Number of completed unit 7770 Cost incurred $590520 Opening inventory…

Q: Blossom Manufacturing Ltd. had sales for January 2022 of $1,025,000. The units sold were 20,500, and…

A: Variable costs are those type of costs which changes along with change in sales activity level.…

Q: The following income statement was drawn from the records of Adams Company, a merchandising firm:…

A: The income statement is a financial report that an entity produces at the end of the accounting…

Q: The cost of goods sold for Michaels Manufacturing in the current year was $233,000. The January 1…

A: The cost of goods manufactured during the period was $225,600

Q: A company reports the following information for the current year: Units Produced (25,000)< Units…

A: Under absorption  costing  FOH is absorbed on units produced  during  year

Q: CAMPBELL COMPANY Income Statement For the Year Ended December 31, Year 1 ales revenue (7,eee units x…

A: The income statement gives important information about a company's capacity to produce profits,…

Q: MV Company showed cost of goods sold of P4,320,000 in the statement of comprehensive income after…

A: The total manufacturing costs comprises of direct materials used, direct labor cost and…

Q: Consider the following data: Sales -- P 100,000; Gross Profit rate based on sales -- 30%; Goods…

A: Ending Finished goods =  Goods Available for Sale - Cost of goods sold where, Cost of goods sold =…

Q: a. Calculate the cost of goods manufactured for the year by Gopaul Electronics b.) Prepare an…

A: Direct Materials Used: Direct Labor: Manufacturing Overhead Applied:   let's calculate each…

Q: The following is the year ended data for Tiger​ Company:   Sales Revenue $57,000 Cost of Goods…

A: The cost of goods available for sale seems to be the expense of total products manufactured…

Q: Stencil Co. reported the following data for the year 2018: Gross Profit P 192,000 Cost of Goods…

A: Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured - Ending…

Q: At May 31, Cheyenne Corp. has net sales of $385,000 and cost of goods available for sale of…

A: Ending inventory is an important component of a company's financial statements, notably in…

Q: The following is the year ended data for Baker​ Company:   Sales Revenue $156,000 Cost of Goods…

A: Cost of goods available for​ sale: The cost of goods available for sale is the total cost incurred…

Q: The following Income statement was drawn from the records of Fanning Company, a merchandising firm:…

A: A contribution margin income statement in which all variable expenses are deducted from the sales…

Q: Cavy Company completed 10,020 units during the year at a cost of $771,540. The beginning finished…

A: Cost per unit for beginning finished goods inventory = Total cost / Total units = $158,400 / 2,200…

Q: The gross margin for Corona Company for the third quarter of the year was R3 250 000,  when sales…

A: Cost accounting is one of the branches of accounting, under which all costs are being analyzed and…

Q: Cavy Company completed 10,510 units during the year at a cost of $746,210. The beginning finished…

A:

Q: Ryder Manufacturing reported the following year end information: beginning work in process inventory…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: The following is the year ended data for Tiger​ Company:   Sales Revenue $56,000 Cost of Goods…

A: Cost of Goods sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending…

Q: he following income statement was drawn from the records of Walton Company, a merchandising firm:…

A: A contribution margin income statement in which all variable expenses are deducted from the sales…

Q: The following is the year ended data for Tiger​ Company:   Sales Revenue $58,000 Cost of Goods…

A: Cost of Goods sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending…

Q: Our company is a manufacturer and has the following data available for the current year: sales,…

A: Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured - Ending…

Q: 1. A business operate based on a mark-up cost of 40%. If the opening and closing inventories were Gh…

A: As posted multiple questions we are answering only one question kindly repost the unanswered…

Q: ston Company reported the fobowing year end information: beginning work in pracess inventary,…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…