Homework Answers
| Sales revenue | $ 34,40,000 |
| (43000 units *$80) | |
| Less: | |
| Cost Of Goods Sold | $ 19,35,000 |
| ($2655000/59000*43000) | |
| Gross Profit | $ 15,05,000 |
| Correct Option:D | |
| Please upvote. | |
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Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $2,655,000 59,000 43,000...
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $2,610,000 58,000 45,000...
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $2,610,000 58,000 45,000 units sold for $95 per unit 0 units What is the amount of gross profit margin? O A. $4,275,000 O B. $2,250,000 O C. $6,300,000 OD. $2,900,000
Please explain/show calculations Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory...
Please explain/show calculations
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $3,420,000 57,000 45,000 units sold for $95 per unit 0 units What is the amount of gross profit margin? O A. $1,995,000 OB. $6,975,000 O C. $1,575,000 O D. $4,275,000
Pederson Company reported the following: Manufacturing costs $2,500,000 Units manufactured 50,000 Units sold 44,000 units sold...
Pederson Company reported the following: Manufacturing costs $2,500,000 Units manufactured 50,000 Units sold 44,000 units sold for $75 per unit Beginning inventory 0 units What is the amount of gross profit margin?
Question 19 Pederson Company reported the following: Manufacturing costs $3,060,000 Units manufactured 51,000 Units sold 46,000...
Question 19 Pederson Company reported the following: Manufacturing costs $3,060,000 Units manufactured 51,000 Units sold 46,000 units sold for $100 per unit Beginning inventory O units What is the amount of gross profit margin? $1,840,000 $7,360,000 $4,600,000 $2,040,000 A Moving to the next question prevents changes to this answer.
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $150,000 5000 4700...
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $150,000 5000 4700 units sold for $90 per unit 100 units What is the average manufacturing cost per unit? $29.41 $30.00 $30.61 $31.91
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $135,000 15,000 12,000...
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $135,000 15,000 12,000 units sold for $20 per unit 3500 units What is the manufacturing cost for the ending finished goods inventory? $27,000 $58,500 $31,500 $130,000
QUESTION 21 THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 20 THROUGH 22. Pederson Company reported the following:...
QUESTION 21 THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 20 THROUGH 22. Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per una Beginning inventory O units ? What is the average manufacturing cost per unit? 1. $40.00 2. $42.55 3. $00.025 4.$75.00 QUESTION 22 What is the amount of ending finished goods inventory? 1.$1,880,000 2. $120,000 3. $225,000 4. $105,000 QUESTION 23 What is the amount of gross profit? 1. $1,750,000...
Sydney's Barbecue reported the following information: Sydney's Barbecue Period Ending December 31, 20xX Manufacturing costs Units...
Sydney's Barbecue reported the following information: Sydney's Barbecue Period Ending December 31, 20xX Manufacturing costs Units manufactured Beginning inventory Note: 45,400 units sold during year at $270 per unit 4,200,000 60,000 What is the amount of ending finished goods inventory for the period ending December 31, 20XX? O A. $1,032,000 O B. $1,022,000 O C. $1,002,000 O D. $1,042,000 OE. $1,012,000
Question Completion Status: QUESTION 5 Beta Company provided the following information for June: Beginning inventory of...
Question Completion Status: QUESTION 5 Beta Company provided the following information for June: Beginning inventory of finished goods Beginning inventory of work-in-process Ending inventory of finished goods Direct labor used $5,000 $18,000 $ 3,000 $13,000 $10,000 4,000 $5,500 Raw materials used Manufacturing overhead Cost of goods manufactured (COGM) The company's cost of goods sold (COGS) for June is OA $3,500 B. $2,500 OC.$7,500 D. $42,000 QUESTION 6 Compute cost of ending inventory using the following data: $32,000 Cost of beginning...
Absorption Statement Absorption costing does not distinguish between variable and fixed costs. All manufacturing costs are...
Absorption Statement Absorption costing does not distinguish between variable and fixed costs. All manufacturing costs are included in the cost of goods sold. Saxon, Inc. Absorption Costing Income Statement For the Year Ended December 31 Sales $1,125,000 Cost of goods sold: Cost of goods manufactured $840,000 Ending inventory (210,000) Total cost of goods sold (630,000) Gross profit $495,000 Selling and administrative expenses (275,000) Operating income $220,000 Variable Statement Under variable costing, the cost of goods manufactured includes only variable manufacturing...
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $2,610,000 58,000 45,000 units sold for $95 per unit 0 units What is the amount of gross profit margin? O A. $4,275,000 O B. $2,250,000 O C. $6,300,000 OD. $2,900,000
Please explain/show calculations
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $3,420,000 57,000 45,000 units sold for $95 per unit 0 units What is the amount of gross profit margin? O A. $1,995,000 OB. $6,975,000 O C. $1,575,000 O D. $4,275,000
Question 19 Pederson Company reported the following: Manufacturing costs $3,060,000 Units manufactured 51,000 Units sold 46,000 units sold for $100 per unit Beginning inventory O units What is the amount of gross profit margin? $1,840,000 $7,360,000 $4,600,000 $2,040,000 A Moving to the next question prevents changes to this answer.
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $150,000 5000 4700 units sold for $90 per unit 100 units What is the average manufacturing cost per unit? $29.41 $30.00 $30.61 $31.91
Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $135,000 15,000 12,000 units sold for $20 per unit 3500 units What is the manufacturing cost for the ending finished goods inventory? $27,000 $58,500 $31,500 $130,000
QUESTION 21 THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 20 THROUGH 22. Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per una Beginning inventory O units ? What is the average manufacturing cost per unit? 1. $40.00 2. $42.55 3. $00.025 4.$75.00 QUESTION 22 What is the amount of ending finished goods inventory? 1.$1,880,000 2. $120,000 3. $225,000 4. $105,000 QUESTION 23 What is the amount of gross profit? 1. $1,750,000...
Sydney's Barbecue reported the following information: Sydney's Barbecue Period Ending December 31, 20xX Manufacturing costs Units manufactured Beginning inventory Note: 45,400 units sold during year at $270 per unit 4,200,000 60,000 What is the amount of ending finished goods inventory for the period ending December 31, 20XX? O A. $1,032,000 O B. $1,022,000 O C. $1,002,000 O D. $1,042,000 OE. $1,012,000
Question Completion Status: QUESTION 5 Beta Company provided the following information for June: Beginning inventory of finished goods Beginning inventory of work-in-process Ending inventory of finished goods Direct labor used $5,000 $18,000 $ 3,000 $13,000 $10,000 4,000 $5,500 Raw materials used Manufacturing overhead Cost of goods manufactured (COGM) The company's cost of goods sold (COGS) for June is OA $3,500 B. $2,500 OC.$7,500 D. $42,000 QUESTION 6 Compute cost of ending inventory using the following data: $32,000 Cost of beginning...
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