An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule
Question:
Complete the cost of goods manufactured schedule for Molina ManufacturingCompany.
Transcribed Image Text:
MOLINA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2012 Work in process (1/1) Direct materials S213,930 Raw materials inventory (1/1) 51850 Add: Raw materials purchases 161,530 Total raw materials available for 213380 use Less: Raw material (12/31) Direct materials used Direct labor Manufacturing overhead s inventory 17,100 S196,280 48590 Indirect labor Factory depreciation Factorv utilities Total overhead S 25,090 39.010 76,570 140.670 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 385540 599470 88,050 S511,420
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
Total raw materials available for use Direct materials used 196280 Add R...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
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Question Posted:
Students also viewed these Accounting questions
-
An incomplete cost of goods manufactured schedule is presented below for Cepeda the year ended December 2016: Instructions Complete the cost of goods manufactured schedule for Cepeda Manufacturing...
-
An incomplete cost of goods manufactured schedule is presented below. GARCIA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2011 Instructions Complete the...
-
An incomplete cost of goods manufactured schedule is presented below Instructions Complete the cost of goods manufactured schedule for Hobbit Company. Hobbit Company Cost of Goods Manufactured...
-
Good Morning Food, Inc. is using the profitability index (PI) when evaluating projects. You have to find the PI for the company's project, assuming the company's cost of capital is 14.29 percent. The...
-
Show that the functions f(x) = x and g(x) = |x| are linearly independent when considered as functions on all of R, but are linearly dependent when considered as functions defined only on R+ = (U > 0).
-
Describe the process of conducting quantitative data analysis
-
What are project objectives? AppendixLO1
-
The so-called local carrier is also almost unique to the motor-carrier industry. Why?
-
A firm is evaluating a proposal that has an initial investment of $50,000 and cash flows of $15,000 per year for 5 years. The discount rate is 10%. Calculate the following, and show your work. a....
-
Wally's Widget Warehouse takes orders from 7 A.M. to 7 P.M. The manager wants to analyze the process and has provided the process flow diagram shown below. There are three steps required to ship a...
-
Lopez Corporation incurred the following costs while manufacturing its product. Work-in-process inventory was $13,080 at January 1 and $16,960 at December 31. Finished goods inventory was $66,540 at...
-
Manufacturing cost data for Copa Company are presented below. Indicate the missing amount for each letter (a) through (i). a se a se ase 80120 Direct materials used Direct labor Manufacturing...
-
A thin, homogeneous disk of radius \(\mathrm{R}=50 \mathrm{~cm}\) and mass \(\mathrm{m}=200 \mathrm{~g}\) lies in a plane. Calculate the moment of inertia with respect to any of its diameters.
-
What is the amount of Gain or Loss recognized on the disposition? Enter a Gain as a positive number or a Loss as a negative number or Zero if neither is recognized. R&R purchased a piece of equipment...
-
B)There is a significant increase in Machinery, Equipment, and Office Furniture (576%), a significant increase in A significant increase in the Line of Credit (344%), and a significant increase in...
-
Ryvel Company has 2 (two) Production Departments, namely Department I and Department II. In addition, it has 2 (two) Supporting Departments, namely Department C and Department D. Ryvel Company...
-
Dollars According to the graph below, what should this profit-maximizing firm do? P3 P4 MC ATC 0 Q3Q1Q2 MR D Quantity
-
Nyameye Ent. Manufactures rubber at Kurriasi. The following details relate to the movement of materials in February 2010. February Beginning balance: 800 units @ $6 per unit. 5 Received 200 units $7...
-
What kinds of sensor devices do some types of automated beverage systems have?
-
Subtract the polynomials. (-x+x-5) - (x-x + 5)
-
Describe how the pattern of actual cash flows from mortgages with prepayment options differs from scheduled payments. How would a drop in benchmark interest rates early in the life of such a cohort...
-
The financial statements of Amazon.com, Inc. are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Instructions Answer the following questions for...
-
Suppose the 2017 financial statements of 3M Company report net sales of $23.1 billion. Accounts receivable (net) are $3.2 billion at the beginning of the year and $3.25 billion at the end of the...
-
On January 10, 2017, Masterson Co. sold merchandise on account to Tompkins for $8,000, terms n/30. On February 9, Tompkins gave Masterson Co. a 7% promissory note in settlement of this account....
-
Assume that gasoline costs $ 3 . 2 0 per gallon and you plan to keep either car for six years. How many miles per year would you need to drive to make the decision to buy the hybrid worthwhile,...
-
On January 1 , 2 0 2 4 , Pine Company owns 4 0 percent ( 1 2 0 , 0 0 0 shares ) of Seacrest, Incorporated, which it purchased several years ago for $ 6 7 8 , 0 0 0 . Since the date of acquisition,...
-
Typical impact on product costs from implementing ABC include: a. Shifting of manufacturing overhead costs from low volume products to high-volume products. b. Decreases in per unit costs of high...
Study smarter with the SolutionInn App