The following T-accounts record the operations of Waterway Co.: Beginning Balance Ending Balance Beginning Balance Direct...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following T-accounts record the operations of Waterway Co.: Beginning Balance Ending Balance Beginning Balance Direct Material Direct Labor Overhead Ending Balance Beginning Balance COGM Ending Balance Direct Materials 29,000 16,000 ? Work in Process 38,000 165,000 28,000 15,000 Direct materials purchased ? Finished Goods 43,000 ? Costs of goods manufactured ? Total manufacturing cost 246,000 (a) Calculate the amount of direct materials purchased during the period. Total manufacturing overhead cost (b) Calculate the cost of goods manufactured during the period. 641,000 COGS ? $ $ (c) Calculate the total manufacturing overhead cost for the period. $ (d) Calculate the total manufacturing cost for the period. $ The following T-accounts record the operations of Waterway Co.: Beginning Balance Ending Balance Beginning Balance Direct Material Direct Labor Overhead Ending Balance Beginning Balance COGM Ending Balance Direct Materials 29,000 16,000 ? Work in Process 38,000 165,000 28,000 15,000 Direct materials purchased ? Finished Goods 43,000 ? Costs of goods manufactured ? Total manufacturing cost 246,000 (a) Calculate the amount of direct materials purchased during the period. Total manufacturing overhead cost (b) Calculate the cost of goods manufactured during the period. 641,000 COGS ? $ $ (c) Calculate the total manufacturing overhead cost for the period. $ (d) Calculate the total manufacturing cost for the period. $
Expert Answer:
Answer rating: 100% (QA)
Lets calculate the missing values in the Taccounts a Calculate the amount of direct materials purchased during the period Direct Materials Purchased B... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Question: 4. A specialty instrument manufacturer is in the process of establishing a cost system. The company produces machines that are unique and distinctive. These machines are produced when...
-
The following T accounts illustrate the product cost flows for Design it Yourself Co. Use the T accounts to answer the following questions (beginning balances are indicated with "Bal"). Purchases of...
-
Computing COGM and COGS Acronyms: The following cost information are gathered from Drusilla Inc. for the month ended June 30: BWIP Beginning Work-in-process inventory Costs of direct materials used...
-
You drive 1 2 miles on your way to college campus and it takes' you 2 5 minutes. Before you park your car, you realize that you forgot your wallet. You immediately return home via the same route of 1...
-
The trace of tensor is defined as the sum of the diagonal elements; Show, by performing a similarity transformation, that the trace is and invariant quantity, in other words, show that tr {l} = tr...
-
Propanone is a liquid. It has the structure The equation for the complete combustion of propanone is: CH 3 COCH 3 (l) + 4O 2 (g) 3CO 2 (g) + 3H 2 O(l) a. Use the following bond energies (in kJ mol 1...
-
Assuming the short rate process of Exercise 2 and risk-neutral probabilities of .5 , consider a zero-coupon bond that pays \(\$ 1\) at time \(t=2\). Find the value at time \(t=0\) of this bond in two...
-
Show a separate graph of the constraint lines and the solutions that satisfy each of the following constraints: a. A 0.25 (A + B) b. B 0.10 (A + B) c. A 0.50 (A + B)
-
Why should you follow a systematic decision-making process? Assume you've worked through the contents of this course, can you see the benefits?
-
Was it absolutely necessary to "throw out" the Articles of Confederation and replace our country's constitution with the United States Constitution (USC)? Was it right to adopt the United States...
-
Norethindrone is a steroid used primarily as an oral contraceptive. Its synthesis was first achieved in 1951. Indicate which parts of the structure of this compound possess characteristic absorptions...
-
SlapShot plc has a fixed cost associated with buying and selling marketable securities of 100. The interest rate is currently 0.021 per cent per day, and the firm has estimated that the standard...
-
TByrne Ltd is currently holding 700,000 in cash. It projects that over the next year its cash outflows will exceed cash inflows by 360,000 per month. How much of the current cash holding should be...
-
Fresnillo plc, the silver and gold mining firm, is analysing the possible acquisition of Weir Group plc, the Scottish-based engineering firm. Assume both firms have no debt. Fresnillo believes the...
-
The market portfolio has an expected return of 12 per cent and a standard deviation of 10 per cent. The risk-free rate is 5 per cent. (a) What is the expected return on a well-diversified portfolio...
-
Suppose the expected returns and standard deviations of A and B are E(R A ) = 0.15, E(R B ) = 0.25, A = 0.40, and B = 0.65, respectively. (a) Calculate the expected return and standard deviation of...
-
show all work Silver salts are used in black-and-white photography. Owing to the value of silver, the ions left in developing solutions are often collected by precipitation reactions for recycling. A...
-
You have accepted the engagement of auditing the financial statements of the C. Reis Company, a small manufacturing firm that has been your auditee for several years. Because you were busy writing...
-
Donovan Medical Supply began October with $11,200 cash. Management forecasts that collections from credit customers will be $12,000 in October and $14,800 in November. The business is scheduled to...
-
Refer to the Hajjar's Data Set. a. Compute Hajjar's current ratio at December 31, 2012 and 2011. b. Did Hajjar's current ratio improve, deteriorate, or hold steady during 2012? Hajjar's Data Set...
-
Refer to Long's Flowers Direct data in E6-53B. Use the high-low method to determine Flowers Direct's cost equation for van operating costs. Use your results to predict van operating costs at a volume...
-
You want to determine the mean age of all statistics instructors at the University of Colorado. representative Samples? In Exercises 1316, identify the sample, population, and sampling method. Then...
-
A sample of manufactured CDs is obtained by using a computer to randomly generate a number between 1 and 1,000 for each CD, and the CD is selected if the generated number is 1,000.
-
You want to predict the winner of an upcoming election for student body president. Suggest a sampling method that is likely to produce a representative sample. Explain why you chose this method over...
Study smarter with the SolutionInn App