The following data have been provided by a company for a recent accounting period: The cost of
Question:
The cost of goods manufactured for the period was:
A. $147,000
B. $151,000
C. $153,000
D.$154,000
Transcribed Image Text:
Inventories, beginning: $10,000 S2,000 S34,000 Raw materials Inventories, ending Raw materials Work-in-process S11,000 S4,000 S30,000 Direct labor wages Sales commissions S40,000 S3,000 Marketing costs S55,000 0 Administrative expenss. Sales $300,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
Computation of the cost of goods manufactured for the period ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following data have been compiled for an input/output report at Work Center 7. Complete the report and analyze theresults. Period1 2 34 Planned input 55 60 65 65 Actual input Deviation 50 50 5560...
-
The following data have been gathered from two related samples. The differences are assumed to be normally distributed in the population. Use these data and alpha of .01 to test the...
-
For June, Southton Company had cost of goods manufactured equal to $120,000; materials purchases, $33,000; depreciation of manufacturing assets, $17,000; cost of goods sold, $140,000; expired...
-
During extension, why do we sometimes get joints (and veins) and other times shear fractures and faults?
-
Using the information in Table 16.2, predict the product(s) of Table 16.2 Friedel-Crafts alkylation of a large excess of ethylbenzene with chloromethane in the presence of A1C13. Eq. 16.23 TABLE 16.2...
-
State the total number of atoms in a molecule of glycerin, C 3 H 5 (OH) 3 .
-
Analog tape players read sound recorded on magnetic tape. The sound is recorded by magnetizing the tape longitudinally (magnetization parallel to the tape's length) with varying magnetic field...
-
Alou Equipment Repair has a September 30 year end. The company adjusts and closes its accounts on an annual basis. On August 31, 2014, the account balances of Alou Equipment Repair were as follows:...
-
1. Where cursor implementation can be used? 2. List down the applications of List. 3. What are the advantages of linked list? 4. Mention the demerits of linked list? 5. What are the operations...
-
In Problem 42, KanTech Corporation is just as concerned that its U.S. distributors receive shipments in the minimum amount of time as they are about minimizing their shipping costs. Suppose that each...
-
The following inventory balances relate to Bharath Manufacturing Corporation at the beginning and end of the year: Bharath's cost of goods sold was $653,000. What was Bharath's cost of goods...
-
Lavell Corporation reported the following data for the month of February 1. The total manufacturing cost for February was: A. $174,000 B. $171,000 C. $70,000 D. $108,000 2. The cost of goods...
-
Using T accounts for Cash, Accounts Payable, Purchases, Purchases Returns and Allowances, Purchases Discounts, and Freight-In, enter the following purchase transactions. Identify each transaction...
-
Professor Pacioli was recently asked the following five questions by his aspiring accounting students. Prepare a summary of the professor's reply to each question. (a) Professor, I cannot quite put...
-
With your professor's help, liaison with a team from either a systems analysis or computer programming class at another school. Your assignment, to complete together, is to build a suitable Web page...
-
Use the information in the preceding question to create a prototype of the report; use an automated tool such as Microsoft Access (or if you prefer, you can create a prototype the old-fashioned way...
-
Meet with the person you interviewed in mini case 1 and present them with the design prototype you created. Get their feedback on the design. Do they like it? Could they navigate the pages? What...
-
In 2007, Italy announced that an Italian journalist, Daniel Mastrogiacomo, who had been held hostage for 15 days by the Taliban in Afghanistan, had been ransomed for 5 Taliban prisoners. Governments...
-
DeMasters worked as an employee assistance program (EAP) consultant for Carilion. In this role, he reported employee complaints to Carilions human resources department. In late 2008, John Doe, a...
-
Medi-Exam Health Services, Inc. (MEHS), located in a major metropolitan area, provides annual physical screening examinations, including a routine physical, EKG, and blood and urine tests. MEUS's...
-
Ally would pay up to $30 for her first umbrella and nothing for any additional umbrellas. Every soccer ball that Ally purchases gives her $9 worth of utility and she could never have too many. Draw...
-
George Caloz & Frres, located in Grenchen, Switzerland, makes prestige high-end custom watches in small lots. One of the companys products, a platinum diving watch, goes through an etching process....
-
Refer to the data for Archer Company in Exercise 56. Required: 1. Using the least-squares regression method, estimate a cost formula for shipping expense. 2. If you also completed Exercise 56,...
-
Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the departments cost records, Professor Morton has found the following total...
-
1. Given the functions f(x) = x + 1 and g(x) = 3-x, determine an equation for the combined function y = f(x)+ g(x). 2. If f= {(-7, 1), (-5, 8), (3, 11), (5,-1)) and g = {(-6, 4), (-5, 3), (-1, 7),...
-
Identify an area of Financial Services where you feel significant opportunities lie in relation to process management. Why do you feel this?
-
What is urban economics and what components of a city usually results in higher demand of a city's real estate. Describe at least three
Study smarter with the SolutionInn App