Homework Answers
OPTION B: $182900
EXPLANATION:
Cost of goods sold before adjustment is $170800. It is to be adjusted for under allocated manufacturing overheads because manufacturing overheads should also be part of cost of goods sold.
therefore,
Cost of goods sold after adjustment = $170800 + $12100 = $182900
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Manufacturing overhead has an underallocated balance of $12,100; raw materials inventory balance is $145,100; work in...
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Manufacturing overhead has an overallocated balance of $8,000, raw materials inventory balance is $62,400; work in process inventory is $34,700, finished goods inventory is $25,300, and cost of goods sold is $135,200. After adjusting for the overallocated manufacturing overhead, what is cost of goods sold? OA, S135200 OB, $97,100 OC. $143,200 O D. $127 200
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Description Beginning raw materials inventory Ending raw materials inventory Materials purchased Beginning work in process inventory...
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Manufacturing overhead has an overallocated balance of $8,000, raw materials inventory balance is $62,400; work in process inventory is $34,700, finished goods inventory is $25,300, and cost of goods sold is $135,200. After adjusting for the overallocated manufacturing overhead, what is cost of goods sold? OA, S135200 OB, $97,100 OC. $143,200 O D. $127 200
Sales revenue Purchases of direct materials Direct labor Manufacturing overhead Operating expenses Beginning raw materials inventory Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Beginning finished goods inventory Ending finished goods inventory $4,300 $480 $520 $620 $730 $210 $220 $420 $490 $310 $200 What was the cost of direct materials used? O A. $690 OB. $480 OC. $470 OD. $430 Click to select your answer
Adelphia Manufacturing issued $80,000 of direct materials and $8,000 of indirect materials for production. Which of the following journal entries would correctly record the transaction? 88,000 88.000 88,000 80,000 8,000 O A. Manufacturing Overhead Raw Materials Inventory O B . Raw Materials Inventory Finished Goods Inventory Work-in-Process Inventory C. Work-in - Process Inventory Raw Materials Inventory OD. Work-in - Process Inventory Manufacturing Overhead Raw Materials Inventory B.8.000 88.000 80,000 8.000 The cost of goods sold for Frye Manufacturing in the...
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Cash Raw materials inventory Work in process inventory Finished goods inventory Property, plant, and equipment Accumulated depreciation Common stock Retained earnings Total $20,000 1,800 2,400 4,200 15,000 $ 6,000 16,800 20,600 $ 43, 400 $43,400 Transactions for the Accounting Period 1. Fairport purchased $11,400 of direct raw materials and $600 of indirect raw materials on account. The indirect materials are capitalized in the Production Supplies account. Materials requisitions showed that $10,800 of direct raw materials...
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Which of the following is the correct flow of manufacturing costs? Oa. raw materials, finished goods, cost of goods sold, work in process Ob. work in process, finished goods, raw materials, cost of goods sold Oc. raw materials, work in process, finished goods, cost of goods sold Od cost of goods sold, raw materials, work in process, finished goods here to search 9 E E R. Y F G Н K K DV B. N M M
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