Homework Answers
| $36,200 | |||
| Particulars | Amount | Amount | |
| Raw Material | |||
| Opening stock of raw material | 43,200 | ||
| Purchases of raw materials | 191,500 | ||
| Cost of raw materials available for use | 234,700 | ||
| Less: closing stock of raw materials | 30,800 | ||
| Raw materials consumed | 203,900 | ||
| Direct labour | 157,700 | ||
| Prime cost | 361,600 | ||
| Factory Overhead | |||
| Overhead | 167,500 | 167,500 | |
| 529,100 | |||
| Add: opening Work In Progress | 40,300 | ||
| Less: closing Work In Progress | - | ||
| Cost of Goods Manufactured | 569,400 | ||
| Ending work in process inventory = $569,400 - $533,200 = $36,200 | |||
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Ch2 Quiz Question 6 (of 6) 6. Santos Inc had the following information for the preceding...
Santos Inc had the following information for the preceding year: Beginning Ending Inventory Inventory 43,200 30,800...
Santos Inc had the following information for the preceding year: Beginning Ending Inventory Inventory 43,200 30,800 31,500 ?? (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $40,300 $ ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $203,900 $157,700 167,500 $533,200 $551,800 What was the ending Work in Process Inventory balance on 12/31? O $54,800 O $36,200 O $58,900 O $14,500
:!! Apps Ed Yesmovies Hawkes learning Blackboard Learn Welcome-my-utrgv ㄥㄧˋ Santos Inc had the following information...
:!! Apps Ed Yesmovies Hawkes learning Blackboard Learn Welcome-my-utrgv ㄥㄧˋ Santos Inc had the following information for the preceding year Beginning Inventory Inventory (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory S 42.700 $ 32,600 s 39000 $ m S 34,000 $ ?? Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $208.500 S 155.200 $ 166.700 $ 527700 $ 551,800 What...
Santos Inc. had the following information for the preceding year: Beginning Ending Inventory Inventory (1/1) (12/31)...
Santos Inc. had the following information for the preceding year: Beginning Ending Inventory Inventory (1/1) (12/31) $ 49,000 $ 31,300 $ 38,000 $ ?? $ 30,500 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $205,700 $157,200 $167,000 $527,000 $553,700 What was the ending Work in Process Inventory balance on 12/31? What was...
Santos Inc. had the following information for the preceding year Beginning Ending Inventory Inventory (1/1) (12/31)....
Santos Inc. had the following information for the preceding year Beginning Ending Inventory Inventory (1/1) (12/31). $ 42,700 $ 32,600 $ 39,800 $ ?? $ 34,000 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of Boods manufactured Cost of goods sold $208,500 $155, 200 $166,700 $522,700 $551,300 What was the ending Work in Process inventory balance on 123
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...
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...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Required information Use the following information for the Exercises belovw The following information applies to the...
Required information Use the following information for the Exercises belovw The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling...
Question 6 On January 31, a snowstorm damaged the office of a small business, and some...
Question 6 On January 31, a snowstorm damaged the office of a small business, and some of the accounting information stored in the computer's memory was lost. The following information pertaining to January activities was retrieved from other sources: Direct materials purchased $18,000 Work in process-beginning inventory 2,000 Direct materials-beginning inventory 6,000 Direct materials-ending inventory 10,000 Finished goods-beginning inventory 12,000 Finished goods-ending inventory 2,500 Sales 60,000 Manufacturing overhead and direct labour incurred 22,000 Gross profit percentage based on net sales...
Required information [The following information applies to the questions displayed below) The following data is provided...
Required information [The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Garcon CompanyY 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 8,200 21,000 1,250...
Santos Inc had the following information for the preceding year: Beginning Ending Inventory Inventory 43,200 30,800 31,500 ?? (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $40,300 $ ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $203,900 $157,700 167,500 $533,200 $551,800 What was the ending Work in Process Inventory balance on 12/31? O $54,800 O $36,200 O $58,900 O $14,500
:!! Apps Ed Yesmovies Hawkes learning Blackboard Learn Welcome-my-utrgv ㄥㄧˋ Santos Inc had the following information for the preceding year Beginning Inventory Inventory (12/31) Raw Materials Inventory Work in Process Inventory Finished Goods Inventory S 42.700 $ 32,600 s 39000 $ m S 34,000 $ ?? Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $208.500 S 155.200 $ 166.700 $ 527700 $ 551,800 What...
Santos Inc. had the following information for the preceding year: Beginning Ending Inventory Inventory (1/1) (12/31) $ 49,000 $ 31,300 $ 38,000 $ ?? $ 30,500 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $205,700 $157,200 $167,000 $527,000 $553,700 What was the ending Work in Process Inventory balance on 12/31? What was...
Santos Inc. had the following information for the preceding year Beginning Ending Inventory Inventory (1/1) (12/31). $ 42,700 $ 32,600 $ 39,800 $ ?? $ 34,000 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows Direct materials used Direct labor Manufacturing overhead applied Cost of Boods manufactured Cost of goods sold $208,500 $155, 200 $166,700 $522,700 $551,300 What was the ending Work in Process inventory balance on 123
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...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Required information Use the following information for the Exercises belovw The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling...
Question 6 On January 31, a snowstorm damaged the office of a small business, and some of the accounting information stored in the computer's memory was lost. The following information pertaining to January activities was retrieved from other sources: Direct materials purchased $18,000 Work in process-beginning inventory 2,000 Direct materials-beginning inventory 6,000 Direct materials-ending inventory 10,000 Finished goods-beginning inventory 12,000 Finished goods-ending inventory 2,500 Sales 60,000 Manufacturing overhead and direct labour incurred 22,000 Gross profit percentage based on net sales...
Required information [The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Garcon CompanyY 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 8,200 21,000 1,250...
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