The following data have been provided by a company for a recent accounting period: The cost of
Question:
The cost of goods manufactured for the period was:
A. $147,000
B. $151,000
C. $153,000
D.$154,000
Transcribed Image Text:
Inventories, beginning: $10,000 S2,000 S34,000 Raw materials Inventories, ending Raw materials Work-in-process S11,000 S4,000 S30,000 Direct labor wages Sales commissions S40,000 S3,000 Marketing costs S55,000 0 Administrative expenss. Sales $300,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
Computation of the cost of goods manufactured for the period ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following data have been compiled for an input/output report at Work Center 7. Complete the report and analyze theresults. Period1 2 34 Planned input 55 60 65 65 Actual input Deviation 50 50 5560...
-
The following data have been gathered from two related samples. The differences are assumed to be normally distributed in the population. Use these data and alpha of .01 to test the...
-
For June, Southton Company had cost of goods manufactured equal to $120,000; materials purchases, $33,000; depreciation of manufacturing assets, $17,000; cost of goods sold, $140,000; expired...
-
During extension, why do we sometimes get joints (and veins) and other times shear fractures and faults?
-
Using the information in Table 16.2, predict the product(s) of Table 16.2 Friedel-Crafts alkylation of a large excess of ethylbenzene with chloromethane in the presence of A1C13. Eq. 16.23 TABLE 16.2...
-
Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X442 and Y661. The company uses...
-
The tapered rod has a radius of r = (2 x/6) in. and is subjected to the distributed loading of w = (60 + 40x) lb/in. Determine the average normal stress at the center of the rod, B. w= (60+40x)...
-
A vibrating string 50.0 cm long is under a tension of 1.00 N. The results from five successive stroboscopic pictures are shown in Fig. 15.39. The strobe rate is set at 5000 flashes per minute, and...
-
What does the textbook, Introduction to Forensic Psychology recommend regarding a specialized degree in forensic psychology?
-
Nashville Pro Hockey, LLC,was a limited liability company organized under the laws of Tennessee. The LLC owned and operated the Nashville Nighthawks, a minor-league professional hockey team. On...
-
The following inventory balances relate to Bharath Manufacturing Corporation at the beginning and end of the year: Bharath's cost of goods sold was $653,000. What was Bharath's cost of goods...
-
Lavell Corporation reported the following data for the month of February 1. The total manufacturing cost for February was: A. $174,000 B. $171,000 C. $70,000 D. $108,000 2. The cost of goods...
-
The radius of the earths core is roughly a. _110_ The earths radius b. _14 The earths radius c. _12 The earths radius d. _34 The earths radius
-
The only permanent solution to water pollution control will occur when all production by-products are routinely recycled. The zero-discharge goal recognizes this reality and forces all dischargers to...
-
In his book What Price Incentives? Steven Kelman suggests that from an ethical point of view, the use of economic incentives (such as emissions charges or emissions trading) in environmental policy...
-
What are the advantages and disadvantages of using an increase in the gasoline tax to move road transport decisions toward both efficiency and sustainability?
-
Define business strategy. (Section 25.2) Data from section 25.2 The successful management of a business depends on having a successful business strategy. It has been argued that if the business...
-
Concerned individuals can now seek to reduce their carbon footprint by buying offsets. Air travelers, for example, are now asked if they wish to purchase offsets when they buy their ticket. Is this a...
-
Select the atom or ion in each pair that has the smaller radius. (a) Cs or Rb (b) O 2- or O (c) Br or As
-
Medi-Exam Health Services, Inc. (MEHS), located in a major metropolitan area, provides annual physical screening examinations, including a routine physical, EKG, and blood and urine tests. MEUS's...
-
Ally would pay up to $30 for her first umbrella and nothing for any additional umbrellas. Every soccer ball that Ally purchases gives her $9 worth of utility and she could never have too many. Draw...
-
George Caloz & Frres, located in Grenchen, Switzerland, makes prestige high-end custom watches in small lots. One of the companys products, a platinum diving watch, goes through an etching process....
-
Refer to the data for Archer Company in Exercise 56. Required: 1. Using the least-squares regression method, estimate a cost formula for shipping expense. 2. If you also completed Exercise 56,...
-
Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the departments cost records, Professor Morton has found the following total...
-
An 90000 loan is amortized by payments of $1850 at the end of every 6 months at a rate of 2% compounded monthly 1. Construct a partial amortization schedule showing the last 2 payments 2. determine...
-
Kelso's has a return on equity of 15.2 percent, a debt-equity ratio of 44 percent, a capital intensity ratio of 1.08, a current ratio of 1.25, and current assets of $138,000. What is the profit...
-
The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: Income statement information Net sales Net income Balance sheet information Current assets Property,...
Study smarter with the SolutionInn App