For each company below, fill in the missing data. Each company is independent. Sales Beginning finished goods
Question:
For each company below, fill in the missing data. Each company is independent.
Transcribed Image Text:
Sales Beginning finished goods Cost of goods manufactured Ending finished goods Cost of sales Income Statement Company X $320 000 ? 197 700 24 000 Company Y Company Z ? $120000 $ 49000 ? 26 200 7800 61 350 ? Gross profit 128000 784 000 336 000 ? 60 000 Operating expenses ? Profit 38 400 235 200 ? ? ?? ? 42000 Beginning work in process 19 300 32 400 ? Direct labour ? 256 000 42150 Raw materials used 18750 124 000 6150 Factory overhead 159 750 385 800 13900 Ending work in process 21 600 ? 5600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Rinki Devi
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and helped them achieve great subject knowledge.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 9780730363224
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie
Question Posted:
Students also viewed these Business questions
-
Fill in the missing data in the spreadsheet below to calculate the net asset value of this mutual fund for each of the years shown. Years Ended December 31, Selected Per-Share Data Net asset value,...
-
Fill in the missing data for each of the following independent cases. (Ignore income taxes.) Total Contribution Margin Sales Variable Fixed Net Break-Even Revenue Expenses Expenses Income Sales...
-
LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model. The company began operations on January 1, 2015, and is planning for...
-
West State Furniture (WSF) manufactures desks and desk chairs using two departments within a single facility. The West Department produces the desks, and the State Department produces the chairs. WSF...
-
Calculate Paymore's cash payments (from Problem 7) to its suppliers under the assumption that the firm pays for its goods with a 1-month delay. Therefore, on average, two-thirds of purchases are paid...
-
You have observed the following returns over time: Assume that the risk-free rate is 6% and the market risk premium is 5%. a. What are the betas of Stocks X and Y? b. What are the required rates of...
-
Use the financial data for Randa Merchandising, Inc., in Exercise 13-13 to prepare its income statement for calendar-year 2017. (Ignore the earnings per share section.) Data From Exercise 13.13 In...
-
The Colonial House Furniture Company manufactures four-drawer oak filing cabinets in six stages. In the first stage, the boards forming the walls of the cabinet are cut; in the second stage, the...
-
If the input is 3210, what is output? Start x = Get next input TRUE x>0 Put 2 x to output FALSE Put to output End
-
Innovative Computers Pty Ltd began manufacturing inexpensive computers for the student market on 1 July 2018. The variable costs of manufacturing each computer are as follows. During the year ended...
-
Online electronics retailer Kogan has announced an initial public offering to raise $50 million, with plans to list on the ASX at the end of June. Kogan, founded in 2006, said it would have a market...
-
Show that the sum of the x- and y-intercepts of any tangent line to the curve x + y = c is equal to c.
-
What do you think is the company's or organization's communication goal, overarching story message, and the target audience(s)? How does the story "show" (rather than "tell") what happened using the...
-
After reading chapters 8 linked below. What is your approach to manage interpersonal conflict? Watch the Ted Talk https://www.ted.com/talks/jonathan_
-
shelby walked 1 (1)/(4 ) km to college, 2 (2)/(4) km to the mall, 2 (2)/(5) km back home. how many km did shelby walk in total. simplify to mixed fraction
-
Your parents will retire in 22 years. They currently have $210,000 saved, and they think they will need $1,700,000 at retirement. What annual interest rate must they earn to reach their goal,...
-
monkeys at the zoo eat 4 cups of food every day. elephants eat 76 times as much! what equation and solution represent the number of cups of food elephants eat per day?
-
A 3-GHz line-of-sight microwave communication link consists of two lossless parabolic dish antennas, each 1 m in diameter. If the receive antenna requires 10 nW of receive power for good reception...
-
Find the area of the surface generated by revolving the para- metric curve x = cos 1, y = sin? 1 (0 < I sa/2) about the y-axis.
-
Jana Kingston Corporation enters into a lease on January 1, 2011, that does not transfer ownership or contain a bargain-purchase option. It covers 3 years of the equipments 8-year useful life, and...
-
Assume that IBM leased equipment that was carried at a cost of $150,000 to Sharon Swander Company. The term of the lease is 6 years beginning January 1, 2011, with equal rental payments of $30,044 at...
-
Use the information for IBM from BE21-6. Assume the direct-financing lease was recorded at a present value of $150,000. Prepare IBMs December 31, 2011, entry to record interest.
-
Find Footnote 15 on Pensions from Coke's Annual Report. Answer the following questions. 1. What is the discount rate that Coke uses to calculate interest on its PBO? 2. How much was the actuarial...
-
Katie is single and has sold a property that she purchased 5 months ago. Katie did not make any renovations or updates to the property and just listed and sold it. Purchase price: $ 140,000 Sold...
-
Sally Rivers is analyzing her paycheck. She notices that her gross salary for two weeks is $980.00. However, her net pay for two weeks is $833.00. What amount will she be bringing home? calculate.
Study smarter with the SolutionInn App