CONNECT ONLINE ACCESS FOR INTERMEDIATE
10th Edition
ISBN: 9781264798834
Author: SPICELAND
Publisher: MCG
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General Accounting
Question 6 of 12
View Policies
Current Attempt in Progress
Manufacturing cost data for Sheffield Company are presented below.
(a) Indicate the missing amounts for each letter (a) through (i).
Direct materials used
- / 12.5
==
Option A
Option B
Option C
(a)
$87,900
$80,450
48,400
48,900
47,900
Direct labor
49,400
Manufacturing
overhead
Total manufacturing
177,975
costs
Work in process
1/1/20
Total cost of work in
201,875
process
Work in process
12/31/20
Cost of goods
manufactured
$165,244
(b)
23,900
(c)
A
37,631
50,150
(d)
184,375
(e)
208,275
(f)
+A
38,151
(h)
(j)
General accounting question
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- Nonearrow_forwardThe company total inventoryarrow_forwardQuestion 7 of 12 View Policies - / 12.5 === Current Attempt in Progress Pharoah Corporation incurred the following transactions. 1. Purchased raw materials on account $51,920. 2. Raw Materials of $40,320 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,680 was classified as indirect materials. 3. Factory labor costs incurred were $67,120. 4. Time tickets indicated that $60,480 was direct labor and $6,640 was indirect labor. 5. Manufacturing overhead costs incurred on account were $90,160. 6. Depreciation on the company's office building was $9,040. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $98,560 were completed and transferred to finished goods. 9. Finished goods costing $84,000 to manufacture were sold on account for $115,360. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do…arrow_forward
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