Homework Answers
| $ | |
| Cost of Direct Material | |
| Opening Stock of material | 120,000 |
| Add: Purchases | 240,000 |
| 360,000 | |
| Less Closing Material | 130,000 |
| Cost of material Consumed | 230,000 |
| Total Manufacturing cost | |
| Direct Material | 230,000 |
| Direct labour | 100,000 |
| Overhead | 400,000 |
| Total Manufacturing cost | 730,000 |
| Cost of goods manufactured | |
| Total Manufacturing cost | 730000 |
| Add : Work in progress Begning | 80,000 |
| Less : Work in progress End | 90,000 |
| Cost of goods manufactured | 720,000 |
| Cost of goods manufactured | 720,000 |
| Add : Finished goods inventory | 70000 |
| Less: ending finished goods inventory | 65000 |
| Cost of goods sold | 725000 |
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eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing...
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $375,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 Work in process 80,000 $130,000 90,000 65,000 Finished goods 70,000 Required: What was the cost of goods sold for September? $665,000 x Check My Work Previous n 4:09 PM
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and...
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $140,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September? Next Previus 31 AM hp
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct...
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 80,000 $130,000 90,000 Work in process Finished goods 70,000 65,000 Required: What was the cost of goods sold for September?
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000...
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $140,000. Overhead totaled $380,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $150,000 $130,000 Work in process $90,000 $70,000 Finished goods $80,000 $80,000 Required: 1. What was the cost of direct materials used in September? 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured...
Part 2: Determine Cost of Goods Manufactured and Cost of Goods Sold for the month of...
Part 2: Determine Cost of Goods Manufactured and Cost of Goods Sold for the month of September 2019. Inventories Materials Work in Process Finished Goods September 1 $175,000 100,000 50,000 September 30 $150,000 130,000 30,000 Materials purchased during September $400,000 Direct Labor. Factory Overhead . . $300,000 180,000 . .
Locator assignment to progresse Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company...
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eBook Show Me How Calculator Print Item Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production $48,000 Direct labor 59,000 Factory overhead 31,000 35,000 36,000 Work in process inventory, April 1 Work in process inventory, April 30 Finished goods Inventory, April 1 Finished goods inventory, April 30 30,000 21,000 a. For April, determine the cost of goods manufactured. < Using the data given, prepare a statement...
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Calculator Print item Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 16,400 barrels of oil for purchase in June for $72 per barrel. Direct labor budgeted in the chemical process was $129,900 for June. Factory overhead was budgeted at $212,500 during June. The inventories on June 1 were estimated to be: $9,100 6,100 5,200 Work in process 7,500 The desired Inventories on June 30 were: $10,000...
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1 . Google CenoneNoWoninetes X Cont of Good Manufacture 03 Po akossignment/takeAssignment Man do invoker-StakeAssignment SessionLocator-&inprogress-false le - ACOX UTF8 Mowerpot R X + Show Me How Calculator Print item Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $122,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $167,000 and manufacturing overhead of $236,000. Inventory Information is as follows: June 1 June 30 Materials...
eBook Calculator Print Item Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $160,000 and incurred direct labor cost of $130,000. Overhead totaled $375,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 Work in process 80,000 $130,000 90,000 65,000 Finished goods 70,000 Required: What was the cost of goods sold for September? $665,000 x Check My Work Previous n 4:09 PM
teionBestor-assignment-take&inprogress-false Calculator Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $240,000 and incurred direct labor cost of $140,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: What was the cost of goods sold for September? Next Previus 31 AM hp
Cost of Goods Sold In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 80,000 $130,000 90,000 Work in process Finished goods 70,000 65,000 Required: What was the cost of goods sold for September?
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $140,000. Overhead totaled $380,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $150,000 $130,000 Work in process $90,000 $70,000 Finished goods $80,000 $80,000 Required: 1. What was the cost of direct materials used in September? 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured...
Part 2: Determine Cost of Goods Manufactured and Cost of Goods Sold for the month of September 2019. Inventories Materials Work in Process Finished Goods September 1 $175,000 100,000 50,000 September 30 $150,000 130,000 30,000 Materials purchased during September $400,000 Direct Labor. Factory Overhead . . $300,000 180,000 . .
Locator assignment to progresse Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct bort of $100.000 month. Information on inventories was as follows: September 1 d September 30 e Materials $140,000 Work in process $80,000 $120,000 $80,000 Finished goods $65,000 $80,000 Required: 1. What was the cost of direct materials used in September 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured...
eBook Show Me How Calculator Print Item Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production $48,000 Direct labor 59,000 Factory overhead 31,000 35,000 36,000 Work in process inventory, April 1 Work in process inventory, April 30 Finished goods Inventory, April 1 Finished goods inventory, April 30 30,000 21,000 a. For April, determine the cost of goods manufactured. < Using the data given, prepare a statement...
Calculator Print item Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 16,400 barrels of oil for purchase in June for $72 per barrel. Direct labor budgeted in the chemical process was $129,900 for June. Factory overhead was budgeted at $212,500 during June. The inventories on June 1 were estimated to be: $9,100 6,100 5,200 Work in process 7,500 The desired Inventories on June 30 were: $10,000...
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell pro- duces small motors for lawn mowers. Suppose that the motor manufacturing cell is the cost object. Assume that all or a portion of the following costs must be assigned to the cell. a. Salary of cell supervisor b. Power to heat...
1 . Google CenoneNoWoninetes X Cont of Good Manufacture 03 Po akossignment/takeAssignment Man do invoker-StakeAssignment SessionLocator-&inprogress-false le - ACOX UTF8 Mowerpot R X + Show Me How Calculator Print item Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $122,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $167,000 and manufacturing overhead of $236,000. Inventory Information is as follows: June 1 June 30 Materials...
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