Managerial Accounting for

need help and explaination

37 Given the following information for Kwant Co, answer questions a-e. Beginning finished goods inventory Beginning goods in process inventory Beginning raw materials Depreciation on factory equipment Direct labor Ending finished goods inventory Ending goods in process inventory Ending raw materials Factory Supervisor's salary Indirect labor Raw material purchases Rent on office Rent on factory 38 Exercise 8 39 40 400 120 80 41 42 160 560 43 320 44 160 45 40 46 47 240 80 48 120 49 160 280 50 51 52 a) Direct materials used equals: 53 b) Manufacturing overhead equals: X 55 X c) Total manufacturing costs equal: 57 X d) Cost of goods manufactured equals: 59 X e) Cost of goods sold equals: 61 62 63 In-class 7-9 Ex PR DQ QS 1-5 Alignment Font Clipboard fr D55 G X e) Cost of goods sold equals: 61 62 63 64 65 Answer questions A-C given the following information: Gal Co. 66 Exercise 9 Guy Co. $ 67 Beg. merchandise inventory Beg finished goods inventory Cost of purchases Cost of goods manufactured Ending merchandise inventory Ending finished goods inventory 24 68 64 69 176 70 288 71 40 72 32 73 74 a) What is Guy Co's COGS? 75 76 b) What is Gal Co's COGS? 77 78 b) Which Co. must be a manufacturer? X 79 80 81 82 83 7-9 DQ QS Ex PR In-class 1-5 6 Ready O eE Type here to search x x x