Two items are omitted from each of the following three lists of cost of goods manufactured statement
Question:
Transcribed Image Text:
1,000 10,000 12,000 Work in process inventory, December 1 Total manufacturing costs incurred during December Total manufacturing costs Work in process inventory, December 31 Cost of goods manufactured 60,000 $64,000 $120,000 2,000 S58,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
a 13000 1000 12000 b 11000 ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2010, Craig Cantrel and Mills Enterprises....
-
Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by...
-
Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. $ 16,000 $ 36,000...
-
A Ltd acquired a 60% shareholding interest in B Ltd in 20x4. B Ltd acquired a 30% shareholding interest in C Ltd in 20x5. A Ltd acquired a 30% shareholding interest in C Ltd in 20x6. For the year...
-
1.Which of the following is a valid delegate definition? a.private delegate float MyDelegate(float); b.private delegate MyDelegate(x); c.private delegate MyDelegate(float x); d.private delegate void...
-
Mimi had $40,000 in federal income taxes withheld in 2019. Because of a sizable amount of itemized deductions, she figured that she had no further tax to pay for the year. For this reason and because...
-
Newmarket Corp. has \(\$ 1,000,000\) of convertible bonds payable outstanding, with a bond premium of \(\$ 20,000\) also on the books. The bondholders have notified Newmarket that they wish to...
-
Avery, Inc., is a wholesale distributor supplying a wide range of moderately priced sporting equipment to large chain stores. About 60 percent of Averys products are purchased from other companies,...
-
pricing Farrow Company reports the following annual results. Contribution Margin Income Statement Sales (260,000 units) Variable costs Direct materials Direct labor Overhead Contribution margin Fixed...
-
You are considering a 10-year investment project. At present, the expected cash flow each year is $10,000. Suppose, however, that each years cash flow is normally distributed with mean equal to last...
-
Guzman Manufacturing Company reported the following materials data for the month ending October 31, 2008: Materials purchased ..... $175,000 Materials inventory, October 1 .. 45,000 Materials...
-
The following information is available for Applebaum Manufacturing Company for the month ending January 31, 2008: Cost of direct materials used in production . $165,000 Direct labor .................
-
Which of the reporting methods described in this chapter would typically report the highest current ratio? Briefly explain.
-
Bank of Chinas international reserves management. How would Chinas balance of payments be affected should its central bank decide to sell one billion of dollar-denominated U.S. Treasury bonds and...
-
What is the meaning of a forward premium or discount?
-
As a policy matter, how can the IDEA be designed to ensure that not only middle-and upper-income, well-educated parents take advantage of the requirements relating to special education?
-
What is interest rate arbitrage?
-
Is the availability of attorneys fees and the resultant increase in attorneys involved in the special education process positive or negative in carrying out the goals of the IDEA?
-
The yield per acre of a certain dwarf watermelon is highly dependent on the amount of rainfall that occurs during the growing season. Following standard cultivation practices, the relationship...
-
Problem 3.5 (4 points). We will prove, in steps, that rank (L) = rank(LT) for any LE Rnxm (a) Prove that rank (L) = rank (LTL). (Hint: use Problem 3.4.) (b) Use part (a) to deduce that that rank(L) =...
-
Use the following information to determine cash flows from financing activities. a . Issued common stock for $40 cash. b . Paid $70 cash to retire a notes payable at its $70 maturity value. c . Paid...
-
Discuss why options and warrants may be considered potentially dilutive common shares for the computation of diluted earnings per share.
-
Discuss why options and warrants may be considered potentially dilutive common shares for the computation of diluted earnings per share.
-
Discuss why options and warrants may be considered potentially dilutive common shares for the computation of diluted earnings per share.
-
A sailboat costs $23,923. You pay 25% down and amortize the rest with equal monthly payments over a 15-year period. If you must pay 6.6% compounded monthly, what is your monthly payment? How much...
-
? 1 . ?Calculate Gross Revenue 2 . ?Calculate Total Revenue 3 . ?Calculate Expenses 4 . ?Calculate Net Operating Income 5 . ?Calculate Net Income Community Information Number of Apartments Monthly...
-
Two men, on either bank of a canal, pull a boat that moves at a constant speed on a straight path in the middle. The men pull through ropes with F 1 = F 2 = 300 N forces that make a 30 angle with the...
Study smarter with the SolutionInn App