Question

Henry Co. has the following activity for their most recent year: $ 38,000.00 $19,000.00 $ 33,000.00 Direct material used Dire
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Beginning WIP 6000
Add:DM 38000
DL 19000
M OH 33000
total WIP Inventory: 96000
Less:ending WIP 7000
Cost of Goods manufactured 89000
Units produced 9000
cost per unit 9.888888889
Units sold 3000
Cost of Goods sold 29666.66667
or 29666.67
Add a comment
Know the answer?
Add Answer to:
Henry Co. has the following activity for their most recent year: $ 38,000.00 $19,000.00 $ 33,000.00...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Henry Co. has the following activity for their most recent year: $ 10,000.00 $ 19,000.00 $33,000.00...

    Henry Co. has the following activity for their most recent year: $ 10,000.00 $ 19,000.00 $33,000.00 Direct material used Direct Labor Manufacturing overhead Work in Process: Beginning Ending $ 6,000.00 $ 7,000.00 They made 9,000 units They sold 6,000 units. What is the Cost of Goods Sold? Hint: You must calculate the cost per unit. Do not round until the final computation. Round to the nearest whole dollar and enter without commas or dollar signs.

  • Henry Co. has the following activity for their most recent year: $ 76,000.00 $ 19,000.00 $...

    Henry Co. has the following activity for their most recent year: $ 76,000.00 $ 19,000.00 $ 33,000.00 Direct material used Direct Labor Manufacturing overhead Work in Process: $ 6,000.00 $ 7,000.00 Beginning Ending They made 10,000 units They sold 5,000 units. What is the Cost of Goods Sold? Hint: You must calculate the cost per unit. Do not round until the final computation. Round to the nearest whole dollar and enter without commas or dollar signs.

  • Henry Co. has the following activity for their most recent year: Direct material used $ 63,000.00...

    Henry Co. has the following activity for their most recent year: Direct material used $ 63,000.00 Direct Labor $ 39,000.00 Manufacturing overhead $ 33,000.00 Work in Process: Beginning $ 6,000.00 Ending $ 7,000.00 Finished Goods Inventory: Beginning $ 11,000.00 Ending $ 14,000.00 They made 9,000 units and sold 6,000 units. What is the Cost Per Unit?

  • Henry Co. has the following activity for their most recent year: Direct material used $ 81,000.00...

    Henry Co. has the following activity for their most recent year: Direct material used $ 81,000.00 Direct Labor $ 46,000.00 Manufacturing overhead $ 33,000.00 Work in Process: Beginning $ 6,000.00 Ending $ 7,000.00 Finished Goods Inventory: Beginning $ 11,000.00 Ending $ 14,000.00 They made 9,000 units and sold 4,000 units. What is the Cost Per Unit? Do not round until the final computation. Round to two decimal places and enter without dollar signs.

  • Henry Co. has the following activity for their most recent year: $ 82,000.00 $ 28,000.00 $...

    Henry Co. has the following activity for their most recent year: $ 82,000.00 $ 28,000.00 $ 33,000.00 Direct material used Direct Labor Manufacturing overhead Work in Process: Beginning Ending Finished Goods Inventory: Beginning Ending $ 6,000.00 $ 7,000.00 $ 11,000.00 $ 14,000.00 They made 7,000 units and sold 5,000 units. What is the Cost Per Unit? Do not round until the final computation. Round to two decimal places and enter without dollar signs. Your Answer:

  • Knot Co. has the following activity for their most recent year when 6,000 units were made:...

    Knot Co. has the following activity for their most recent year when 6,000 units were made: Raw Materials: Beginning 40,000.00 Ending 19,000.00 Work in Process: Beginning 90,000.00 Ending 70,000.00 Finished Goods Inventory: Beginning 26,100.00 Ending 52,200.00 Depreciation, building & equipment 20,000.00 Raw material purchases 240,000.00 15,000.00 40,000.00 Insurance on plant Sales salaries Repairs & Maintenance, plant Indirect labor Direct labor 10,000.00 66,000.00 200,000.00 Administrative expenses 100,000.00 What is the Cost of Goods Sold?

  • Knot Co. has the following activity for their most recent year when 4,000 units were made:...

    Knot Co. has the following activity for their most recent year when 4,000 units were made: Raw Materials: Beginning 40,000.00 Ending 19,000.00 Work in Process: Beginning 90,000.00 Ending 70,000.00 Finished Goods Inventory: Beginning 26,100.00 Ending 52,200.00 Depreciation, building & equipment 20,000.00 Raw material purchases 320,000.00 15,000.00 40,000.00 Insurance on plant Sales salaries Repairs & Maintenance, plant Indirect labor Direct labor 10,000.00 66.000.00 200,000.00 Administrative expenses 100,000.00 What is the Cost Per Unit

  • Knot Co. has the following activity for their most recent year when 4,000 units were made:...

    Knot Co. has the following activity for their most recent year when 4,000 units were made: Raw Materials: 2$ 40,000.00 2$ 19,000.00 Beginning Ending Work in Process: %24 90,000.00 24 70,000.00 Beginning Ending Finished Goods Inventory: Beginning 26,100.00 24 52,200.00 Ending 2$ Depreciation, building & equipment 20,000.00 %24 200,000.00 %24 15,000.00 2$ Raw material purchases Insurance on plant Sales salaries 40,000.00 2$ 10,000.00 2$ 66,000.00 24 200,000.00 24 200,000.00 Repairs & Maintenance, plant Indirect labor Direct labor Administrative expenses What...

  • Knot Co. has the following activity for their most recent year when 4,000 units were made:...

    Knot Co. has the following activity for their most recent year when 4,000 units were made: Raw Materials: Beginning 40,000.00 Ending 19,000.00 Work in Process: Beginning 90,000.00 Ending 70,000.00 Finished Goods Inventory: Beginning 26,100.00 $ 52,200.00 Ending $ purchases $ Depreciation, building & equipment 20,000.00 Raw material purchases 290,000.00 Insurance on plant 15,000.00 Sales salaries 40,000.00 Repairs & Maintenance, plant 10,000.00 Indirect labor 66.000.00 Direct labor 200,000.00 Administrative expenses 100,000.00 What is the Cost Per Unit? Respond without commas or...

  • Knot Co. has the following activity for their most recent year when 7.000 units were made:...

    Knot Co. has the following activity for their most recent year when 7.000 units were made: Raw Materials: Beginning 40,000.00 Ending 19,000.00 Work in Process: Beginning 90,000.00 Ending 70,000.00 Finished Goods Inventory: Beginning 26,100.00 Ending 52,200.00 Depreciation, building & equipment Raw material purchases 20,000.00 210,000.00 15,000.00 Insurance on plant Sales salaries Repairs & Maintenance, plant Indirect 40,000.00 10,000.00 66,000.00 200,000.00 Administrative expenses 100,000.00 What is the cost of Goods Sold? Respond without commas or dollar signs, rounded to whole numbers...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT