McGown Corp has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $...
McGown Corp has the following information:
| Beginning Inventory (1/1) | Ending Inventory (12/31) | |||||
| Raw Materials Inventory | $ | 24,900 | $ | 33,400 | ||
| Work in Process Inventory | $ | 22,700 | $ | 23,300 | ||
| Finished Goods Inventory | $ | 33,200 | $ | 23,800 | ||
Additional information for the year is as follows:
| Raw materials purchases | $ | 101,200 |
| Direct labor | $ | 83,300 |
| Manufacturing overhead applied | $ | 89,100 |
| Indirect materials | $ | 0 |
Compute the unadjusted cost of goods sold.
$273,900
$264,500
$274,500
$147,200
Homework Answers
Direct material used = 24900+101200-33400 = 92700
Total manufacturing cost = 92700+83300+89100 = 265100
Cost of goods manufactured = 22700+265100-23300 = 264500
Unadjusted cost of goods sold = 33200+264500-23800 = 273900
So answer is a) $273900
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McGown Corp has the following information:
Beginning Inventory (1/1)
Ending Inventory (12/31)
Raw Materials Inventory
$...
20. GOD newconnect.mheducation.com Help Save & Exit Submit Quiz 2 McGown Corp has the following information:...
20. GOD newconnect.mheducation.com Help Save & Exit Submit Quiz 2 McGown Corp has the following information: Beginning Ending Inventory Inventory (1/1) (12/31) $ 24,900 $ 33,400 $ 22,700 $ 23,300 $ 33,200 $ 23,800 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases $101,200 Direct labor $ 83,300 Manufacturing overhead applied $ 89,100 Indirect materials Compute the direct materials used in production Multiple Choice 0 $92,700 0 $109700...
Santos Inc. had the following information for the preceding year: Beginning Inventory (1/1) Ending Inventory (12/31)...
Santos Inc. had the following information for the preceding year: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $ 45,600 $ 32,500 Work in Process Inventory $ 37,900 $ ?? Finished Goods Inventory $ 33,200 $ ?? Additional information for the year is as follows: Direct materials used $ 209,300 Direct labor $ 158,500 Manufacturing overhead applied $ 162,200 Cost of goods manufactured $ 525,200 Unadjusted cost of goods sold $ 544,000 What was the ending Finished Goods Inventory...
McGown Corp. has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory...
McGown Corp. has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending Inventory Inventory (1/1) (12/31) $ 23,900 $ 38,700 $ 15,100 $ 27,000 $ 37,000 $ 28,900 Additional information for the year is as follows: Raw materials purchases $ 101,900 Direct labor $ 83,800 Manufacturing overhead applied $ 88,500 Indirect materials $ 0 Compute the direct materials used in production.
Ginobili Corp has the following information: Beginning Inventory (1/1) $ 23,011 $ 11,826 $ 18,584 Ending...
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Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials...
Bledsoe Corporation has provided the following data for the
month of November:
Beginning
Ending
Raw materials
$
26,700
$
22,700
Work in process
$
18,700
$
11,700
Finished Goods
$
49,700
$
57,700
Additional information:
Raw materials purchases
$
73,700
Direct labor cost
$
93,700
Manufacturing overhead cost incurred
$
43,870
Indirect materials included in manufacturing overhead cost
incurred
$
4,170
Manufacturing overhead cost applied to Work in Process
$
42,700
Any underapplied or overapplied manufacturing overhead is closed
out...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700 32,250 23,600 20,900 26, 200 5,500 10,500 9,700 28,500 2,100 4,700...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Raw materials inventory, beginning of year $21,000 Raw materials inventory, end of year
Raw materials inventory, beginning of year $21,000 Raw materials inventory, end of year 23,000 Work in process inventory, beginning of year 55,000 Work in process inventory, end of year 52,000 Finished goods inventory, beginning of year 42,000 Finished goods inventory, end of year 48,000 Raw materials purchased 110,000 Indirect Materials used 6,000 Indirect Labor used 33,000 Direct Labor used 210,000 Depreciation on Factory Machines 22,000 Amount spent on other manufacturing overhead 90,000 Direct labor hours used 15,000 Predetermined overhead rate ...
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials...
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 25,200 $ 21,200 Work in process $ 17,200 $ 10,200 Finished Goods $ 48,200 $ 56,200 Additional information: Raw materials purchases $ 72,200 Direct labor cost $ 92,200 Manufacturing overhead cost incurred $ 42,220 Indirect materials included in manufacturing overhead cost incurred $ 4,020 Manufacturing overhead cost applied to Work in Process $ 41,200 Any underapplied or overapplied manufacturing overhead is closed out...
20. GOD newconnect.mheducation.com Help Save & Exit Submit Quiz 2 McGown Corp has the following information: Beginning Ending Inventory Inventory (1/1) (12/31) $ 24,900 $ 33,400 $ 22,700 $ 23,300 $ 33,200 $ 23,800 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases $101,200 Direct labor $ 83,300 Manufacturing overhead applied $ 89,100 Indirect materials Compute the direct materials used in production Multiple Choice 0 $92,700 0 $109700...
McGown Corp. has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending Inventory Inventory (1/1) (12/31) $ 23,900 $ 38,700 $ 15,100 $ 27,000 $ 37,000 $ 28,900 Additional information for the year is as follows: Raw materials purchases $ 101,900 Direct labor $ 83,800 Manufacturing overhead applied $ 88,500 Indirect materials $ 0 Compute the direct materials used in production.
Ginobili Corp has the following information: Beginning Inventory (1/1) $ 23,011 $ 11,826 $ 18,584 Ending Inventory (12/31) $ 21,123 $ 9, 110 $ 17,962 Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials $ 59,838 $ 44,743 $ 48,025 $ 2,337 Compute the direct materials used in production.
Bledsoe Corporation has provided the following data for the
month of November:
Beginning
Ending
Raw materials
$
26,700
$
22,700
Work in process
$
18,700
$
11,700
Finished Goods
$
49,700
$
57,700
Additional information:
Raw materials purchases
$
73,700
Direct labor cost
$
93,700
Manufacturing overhead cost incurred
$
43,870
Indirect materials included in manufacturing overhead cost
incurred
$
4,170
Manufacturing overhead cost applied to Work in Process
$
42,700
Any underapplied or overapplied manufacturing overhead is closed
out...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700 32,250 23,600 20,900 26, 200 5,500 10,500 9,700 28,500 2,100 4,700...
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