Sales1,219,5901,108,700Cost of goods sold(d)717,330Gross profit(e)(e)Operating expenses158,860(f)Net income(f)246,130Required:1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.LetterOn CompanyOff Companyа.71,160$358,110b.630,480$343,700C.655,300d.648,6802$117,520570,910$991,180 xе.f.412,050$4745,050 xFeedbackV Check My Work1.a. The cost of direct materials used in production includes the beginning materials inventory plus purchases, less the ending materials inventory.b. Total manufacturing costs incurred during December include direct materials, direct labor, and factory overhead. Manufacturing Income Statement, Statement of Cost of Goods ManufacturedSeveral items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December:OnOffCompanyCompanyMaterials inventory, December 1$82,740$110,870Materials inventory, December 31(a)125,280Materials purchased210,160(a)Cost of direct materials used in production221,740(b)Direct labor311,930249,460Factory overhead96,810124,170Total manufacturing costs incurred in December(b)717,330Total manufacturing costs789,340789,340Work in process inventory, December 1158,860267,200Work in process inventory, December 31134,040(c)Cost of goods manufactured(c)710,680Finished goods inventory, December 1139,830124,170Finished goods inventory, December 31146,450(d)Sales1,219,5901,108,700Cost of goods sold(d)717,330Gross profit(e)(e)Operating expenses158,860(f)

Cost of goods sold means the cost incurred on the manufacturing or purchase of goods which has been…

Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company 71,160 V $ 358,110 а. b. 630,480 V 343,700 C. 655,300 V d. 648,680 V 117,520 V 570,910 V 991,180 X е. f. 412,050 $ 745,050 X Feedback V Check My Work

Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company 71,160 V $ 358,110 а. b. 630,480 V 343,700 C. 655,300 V d. 648,680 V 117,520 V 570,910 V 991,180 X е. f. 412,050 $ 745,050 X Feedback V Check My Work

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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Assume that Silver Company has account receivable of $5,000 determined to be uncollectable, what journal entry is made to write off the uncollectable account? Example of Answer: Dr. Equipment 10,000 Cr. Cash 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px A ... O WORDS POWERED BY TINY Activate Windows «K Question 17 of 18 Go to Settings to activate Win A Moving to another question will save this response. Close Window 10 >
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nal summ طم معلومات محاسبية نظري The revenue cycle consists of Select one: out of a. one subsystem-order entry b. two subsystems-sales order processing and cash receipts ag question C. two subsystems-order entry and inventory control O d. three subsystems-sales order processing, credit authorization, and cash receipts Previous page Jump to.. General
ITS-The Political S A M7: Assignment No.1 10201Ox/aMzlzNzk 1NTQxNDg2/details ВА.. e Home | Edmodo O Spoliarium by Juan.. w You searched for Re.. W Operating Performa... 1 Otn.docxlo. Open with Activity No.: Topic : The Worksheet Problems The following are all the steps in the accounting cycle. List them they should be done. 1. the order in which Closing entries are journalized and posted to the ledger. - An unadjusted trial balance is prepared. - An optional end-of-period spreadsheet (worksheet) is prepared. -A post-closing trial balance is prepared. - Adjusting entries are journalized and posted to the ledger. - Transactions are analyzed and recorded in the journal. Adjustment data are assembled and analyzed. -Financial statements are prepared An adjusted trial balance is prepared Transactions are posted to the ledger 2. 7. 8. 6. 10 The balances for the accounts listed below appeared in the Adjusted Tral Balance columns of the work the Income Statement columns or iobtndicato ther cach…
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I don’t know how to show all these transactions