Question: Soru: 25 / Cevap: 1 Soru 2. ET Suppose that Spring Manufacturing Company reports the following information: Beginning direct materials inventory: $9,000 Ending direct materials

Soru: 25 / Cevap: 1 Soru 2. ET Suppose that Spring Manufacturing Company reports the following information: Beginning direct materials inventory: $9,000 Ending direct materials inventory: $7.500 Beginning work-in-process inventory: $4,500 Ending work-in-process inventory: $3,000 Beginning finished goods inventory: $6.000 Ending finished goods inventory: $9,000 Direct labor: $43.500 Purchases of raw materials: $153,000 Manufacturing overhead: $30,000 What is the cost of direct materials used? A $154,500 $151.500 CS171.000 $153.000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Gardial Fisheries is considering two mutually exclusive investments. The projects' expected net cash flows are as follows: a. If each project's cost of capital is 12%, which project should be...

In order to calculate the cash conversion cycle of a company which of the following ratios should be calculated first? Accounts Receivable Turnover, Inventory Turnover and Accounts Payable Turnover B...

THIS QUESTION CONSISTS OF TEN (10) MULTIPLE-CHOICE QUESTIONS OF TWO (2) MARKS PER QUESTION. FOR EACH QUESTION, SIMPLY WRITE DOWN THE NUMBER OF THE QUESTION TOGETHER WITH THE CORRECT OPTION (a, b, c...

4 QS 18-11 Cost of goods manufactured LO P2 2.5 points Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Skipped Direct materials Direct labor...

Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. b. Prepare the production budget in units. Production Budget For the Month of March c. Prepare the direct material usage...

During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and...

Activity 2-Job Order Costing 1. JYD Manufacturing Company showed the following information as of June 1, 2020, Raw materials inventory P320,000 Work in process inventory 400,000 Finished goods...

Question 9 During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $17,000 & ending finished goods inventory of $24,500.Beginning work-in-process was $12,000and ending...

QUESTION 1) At the end of 2020, Wuhan Manufacturing Company reported the following accounts and their balances (all amounts in USD): Des 11.30 pendant REQUIRED: Prepare an Income Statement for the...

Requirements 1-4 have been answered. Can someone help me with the rest? Snowboards b.f. yds Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Wood...

X A Good Vibrations, Inc., produces videotapes of musical performances. A newly hired executive of the company has asked you to sort through the records and prepare a statement of the company's cost...

You want a pot of water to boil at 105oC. How heavy a lid should you put on the 15 cm diameter pot when Patm = 101 kPa?

Complete the blanks in the following table to reconcile the accounting to the income of partnership for taxation purposes. Just state the figure without any commas, full stops or dollar signs. Round...

Which of the following statements about the cost of capital and the cost of capital components is INCORRECT? Group of answer choices The cost of debt is equal to one minus the marginal tax rate...

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

c. What were you expected to do when you grew up?

4. Describe how cultural values influence communication.

3. Identify and describe nine cultural value orientations.