Question: I need step by step methods and/or explanations when applicable. Photo attachment sent. There are 6 parts to exercise 5.17. Please just number the parts

 I need step by step methods and/or explanations when applicable. Photoattachment sent. There are 6 parts to exercise 5.17. Please just number

I need step by step methods and/or explanations when applicable. Photo attachment sent. There are 6 parts to exercise 5.17. Please just number the parts from 1-6 when providing a solution with the answer.

the parts from 1-6 when providing a solution with the answer. Exercise5.17 Which one of the following types of companies would most likelyuse a job oost system? a. manufacturer of duct tape b. producer

Exercise 5.17 Which one of the following types of companies would most likely use a job oost system? a. manufacturer of duct tape b. producer of movies c. manufacturer of pencils d. manufacturer of petroleum Answer: Crane Manufacturing inc.'s accounting records reect the following inventories: Raw materials inventory $99000 $79000 Work in process inventory 129000 144000 Finished goods inventory 124000 1 14000 During 2020, Crane purchased $949000 of raw materials, incurred direct labour costs of $124000l and incurred manufacturing overhead totalling $159000. How much is total manufacturing costs incurred during 2020 for Crane? a. $1237000 b. $1252000 c. $1232000 d. $1247000 Answer: Costs of goods manufactured or Bonita Company are shown below: Bonita Company Cost of Goods manufactured Year Ending December 31, 2020 Beginning work in process $15400 Direct materials: Beginning raw materials $13800 Raw material purchases 21900 Total raw materials available for use W Ending raw materials 5700 Direct materials used 30000 Direct Labour 6300 Total manufacturing overhead 10900 Ending work in process W Cost of Goods Manufactured m How much is the total manufacturing cost? a. $ 12800 b. $19100 c. $47200 d. $44500 Answer: Bonita Manufacturing Company reported the following year-end information: Beginning work in process inventory $75400 Beginning raw materials inventory 19500 Ending work in process inventory 73000 Ending raw materials inventory 23200 Raw materials purchased 224000 Direct labour 174000 Manufacturing overhead 80600 HowI much is Bonita Manufacturing's cost of goods manufactured for the year? a. $478600 b. $472600 C. $477400 d. $481000 Answer: Sheridan Manufacturing Company reported the following year-end information: beginning work in process inventory, $79800; cost of goods manufactured, $979200; beginning finished goods inventory, $49400; ending work in process inventory, $70600; and ending finished goods inventory, $39200. How much is Sheridan's cost of goods sold for the year? a. $979200 b. $989400 C. $969000 d. $998600 Answer: Where would you expect to find ending raw materials inventory? a. on the costs of goods manufactured schedule as an addition to raw materials purchases, and on the Balance Sheet b. on the costs of goods manufactured schedule as a subtraction from raw materials available for use, and on the Balance Sheet C. only on the Balance Sheet d. only the costs of goods manufactured schedule

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