10 For this problem, use the information provided below, plus the information given in each question...
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10 For this problem, use the information provided below, plus the information given in each question (A, B, C, D) to prepare the required schedules and answer each question. Please note that each question will give new information to compute that schedule. Be sure to show all your work for full credit Inventories: Raw materials Work in process Finished goods Beginning $ Ending 31,000 $ 33,000 $ 19,000 $62,000 S 28,000 $ 34,000 A. Additional information: Sales $ 360,000 Raw materials purchases $ 75,000 Direct labor cost S 52,000 Manufacturing overhead $ 91,000 Selling expense $ 27,000 Administrative expense 38,000 The Total Manufacturing costs for March: 5 points B. If the total Manufacturing Cost For March were $ 230,000 Now Compute the COGM for March 5 points C. If the COGM for March were Now Compute the COGS for March $175,000 5 points D. If the COGS for March were $ 130,000 The net operating income for March was: 5 points 10 For this problem, use the information provided below, plus the information given in each question (A, B, C, D) to prepare the required schedules and answer each question. Please note that each question will give new information to compute that schedule. Be sure to show all your work for full credit Inventories: Raw materials Work in process Finished goods Beginning $ Ending 31,000 $ 33,000 $ 19,000 $62,000 S 28,000 $ 34,000 A. Additional information: Sales $ 360,000 Raw materials purchases $ 75,000 Direct labor cost S 52,000 Manufacturing overhead $ 91,000 Selling expense $ 27,000 Administrative expense 38,000 The Total Manufacturing costs for March: 5 points B. If the total Manufacturing Cost For March were $ 230,000 Now Compute the COGM for March 5 points C. If the COGM for March were Now Compute the COGS for March $175,000 5 points D. If the COGS for March were $ 130,000 The net operating income for March was: 5 points
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Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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