cost of goods
manufactured=346900
Part 2: Compute cost of goods
sold
Homework Answers
| Material used in production | $ 126,100 |
| Add: Labour costs | $ 111,900 |
| Add: Depreciation on plant | $ 70,700 |
| Add: Factory supplies | $ 24,000 |
| Property taxes on plant | $ 16,500 |
| Total manufacturing cost | $ 349,200 |
| Beginning work in process inventory | $ 14,300 |
| Add: Total manufacturing cost | $ 349,200 |
| Less: Ending work in process inventory | $ (16,600) |
| Cost of goods manufactured | $ 346,900 |
| Beginning finished goods inventory | $ 70,600 |
| Add: Cost of goods manufactured | $ 346,900 |
| Less: Ending finished goods inventory | $ (45,900) |
| Cost of goods sold | $ 371,600 |
You can reach me over comment box if you have any doubts. Please
rate this answer
Add Answer to:
cost of goods manufactured=346900 Part 2: Compute cost of goods sold Pina Colada Corp. incurred the...
Pina Colada Corp. incurred the following costs while manufacturing its product. Materials used in product $126,100...
Pina Colada Corp. incurred the following costs while manufacturing its product. Materials used in product $126,100 Advertising expense $53,400 Depreciation on plant 70,700 Property taxes on plant 16,500 8,060 Delivery expense Property taxes on store 22,000 Labor costs of assembly-line workers 111,900 Sales commissions 44,200 Salaries paid to sales clerks 51,100 Factory supplies used 24,000 Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at...
Crane Corporation incurred the following costs while manufacturing its product. Materials used in product $126,100 Advertising...
Crane Corporation incurred the following costs while manufacturing its product. Materials used in product $126,100 Advertising expense $53,400 Depreciation on plant 70,700 Property taxes on plant 16,500 Property taxes on store 8,060 Delivery expense 22,000 Labor costs of assembly-line workers 111,900 Sales commissions 44,200 Factory supplies used 24,000 Salaries paid to sales clerks 51,100 Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at December...
what is the cost of goods sold (COGS)? Whispering Winds Corp. incurred the following costs while...
what is the cost of goods sold (COGS)?
Whispering Winds Corp. incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $130,300 Advertising expense 62,500 Property taxes on plant 8,270 Delivery expense 116,100 Sales commissions 34,000 Salaries paid to sales clerks 24,300 26,100 38,100 59,300 Work in process inventory was $14,400 at January 1 and $17,600 at December 31. Finished goods inventory was...
E14-8 Compute cost of goods manufactured and sola. (LO 5, 6), AP Lopez Corporation incurred the...
E14-8 Compute cost of goods manufactured and sola. (LO 5, 6), AP Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $45,000 60,000 Property taxes on plant 14,000 21,000 35,000 23,000 Salaries paid to sales clerks 50,000 $120,000 Advertising expense 7,500 Delivery expense 110,000 Sales commissions Work in process inventory was $12,000 at January 1 and $15,500 at December 31....
From the given information find: Cost of goods manufactures, cost of goods sold. Lopez Corporation incurred...
From the given information find: Cost of
goods manufactures, cost of goods sold.
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $48,300 $126,000 65,900 8,030 23,500 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used 30,200 115,200 32,200 37,200 55,400 Work in process inventory was $14,400 at January 1 and $17,400 at December...
Pina Colada Corp.’s balance sheet at December 31, 2018, is presented below. Pina Colada Corp. Balance...
Pina Colada Corp.’s balance sheet at December 31, 2018, is
presented below.
Pina Colada Corp.
Balance Sheet
December 31, 2018
Cash
$14,300
Accounts payable
$8,900
Accounts receivable
20,600
Common stock
19,500
Allowance for doubtful accounts
(700
)
Retained earnings
14,900
Inventory
9,100
$43,300
$43,300
During January 2019, the following transactions occurred. Pina
Colada uses the perpetual inventory method.
Jan. 1
Pina Colada accepted a 4-month, 8% note from Merando Company in
payment of Merando’s $5,100 account.
3
Pina Colada wrote...
Compute cost of goods E14.8 (LO 3) Lopez Corporation incurred the following costs while manufacturing its...
Compute cost of goods E14.8 (LO 3) Lopez Corporation incurred the following costs while manufacturing its product. manufactured and sold. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,000 Salaries paid to sales clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods...
Comprehensive Problem 8 (Part Level Submission) Pina Colada Corp.’s balance sheet at December 31, 2018, is...
Comprehensive Problem 8 (Part Level
Submission)
Pina Colada Corp.’s balance sheet at December 31, 2018, is
presented below.
Pina Colada Corp.
Balance Sheet
December 31, 2018
Cash
$14,300
Accounts payable
$8,900
Accounts receivable
20,600
Common stock
19,500
Allowance for doubtful accounts
(700
)
Retained earnings
14,900
Inventory
9,100
$43,300
$43,300
During January 2019, the following transactions occurred. Pina
Colada uses the perpetual inventory method.
Jan. 1
Pina Colada accepted a 4-month, 8% note from Merando Company in
payment of Merando’s...
Compute cost of goods manufactured. Glavine Corporation incurred the following costs while manufacturing its product. Materials...
Compute cost of goods manufactured.
Glavine Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $125,000 60,000 7,500 110,000 23,000 45,000 19,000 21,000 35,000 50,000 Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and...
Exercise 5 (Cost of goods manufactured and sold) Compute cost of goods manufactured and cost of...
Exercise 5 (Cost of goods manufactured and sold) Compute cost of goods manufactured and cost of goods sold from the following account balances relating to 20X1 (in thousands): Property tax on plant building Marketing, distribution, and customer- service costs37,000 Finished goods inventory, January 1, 20X1 Plant utilities Work in process inventory December 31, 20X1 Depreciation of plant building P 3,000 27,000 17,000 26,000 9,000 We were unable to transcribe this image
Pina Colada Corp. incurred the following costs while manufacturing its product. Materials used in product $126,100 Advertising expense $53,400 Depreciation on plant 70,700 Property taxes on plant 16,500 8,060 Delivery expense Property taxes on store 22,000 Labor costs of assembly-line workers 111,900 Sales commissions 44,200 Salaries paid to sales clerks 51,100 Factory supplies used 24,000 Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at...
what is the cost of goods sold (COGS)?
Whispering Winds Corp. incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $130,300 Advertising expense 62,500 Property taxes on plant 8,270 Delivery expense 116,100 Sales commissions 34,000 Salaries paid to sales clerks 24,300 26,100 38,100 59,300 Work in process inventory was $14,400 at January 1 and $17,600 at December 31. Finished goods inventory was...
E14-8 Compute cost of goods manufactured and sola. (LO 5, 6), AP Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $45,000 60,000 Property taxes on plant 14,000 21,000 35,000 23,000 Salaries paid to sales clerks 50,000 $120,000 Advertising expense 7,500 Delivery expense 110,000 Sales commissions Work in process inventory was $12,000 at January 1 and $15,500 at December 31....
From the given information find: Cost of
goods manufactures, cost of goods sold.
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $48,300 $126,000 65,900 8,030 23,500 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used 30,200 115,200 32,200 37,200 55,400 Work in process inventory was $14,400 at January 1 and $17,400 at December...
Pina Colada Corp.’s balance sheet at December 31, 2018, is
presented below.
Pina Colada Corp.
Balance Sheet
December 31, 2018
Cash
$14,300
Accounts payable
$8,900
Accounts receivable
20,600
Common stock
19,500
Allowance for doubtful accounts
(700
)
Retained earnings
14,900
Inventory
9,100
$43,300
$43,300
During January 2019, the following transactions occurred. Pina
Colada uses the perpetual inventory method.
Jan. 1
Pina Colada accepted a 4-month, 8% note from Merando Company in
payment of Merando’s $5,100 account.
3
Pina Colada wrote...
Compute cost of goods E14.8 (LO 3) Lopez Corporation incurred the following costs while manufacturing its product. manufactured and sold. Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,000 Salaries paid to sales clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods...
Comprehensive Problem 8 (Part Level
Submission)
Pina Colada Corp.’s balance sheet at December 31, 2018, is
presented below.
Pina Colada Corp.
Balance Sheet
December 31, 2018
Cash
$14,300
Accounts payable
$8,900
Accounts receivable
20,600
Common stock
19,500
Allowance for doubtful accounts
(700
)
Retained earnings
14,900
Inventory
9,100
$43,300
$43,300
During January 2019, the following transactions occurred. Pina
Colada uses the perpetual inventory method.
Jan. 1
Pina Colada accepted a 4-month, 8% note from Merando Company in
payment of Merando’s...
Compute cost of goods manufactured.
Glavine Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $125,000 60,000 7,500 110,000 23,000 45,000 19,000 21,000 35,000 50,000 Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and...
Exercise 5 (Cost of goods manufactured and sold) Compute cost of goods manufactured and cost of goods sold from the following account balances relating to 20X1 (in thousands): Property tax on plant building Marketing, distribution, and customer- service costs37,000 Finished goods inventory, January 1, 20X1 Plant utilities Work in process inventory December 31, 20X1 Depreciation of plant building P 3,000 27,000 17,000 26,000 9,000 We were unable to transcribe this image
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago