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).
-
A public utility purchases a gas-powered electric generator as part of an expansion program. It is expected to be useful, with proper maintenance, for an estimated 30 years. The cost is $17 million,...
-
The activity coefficient is a measure of (a) The ideal behaviour of chemical substances in a mixture. (b) The deviation from ideal behaviour of chemical substances in a mixture (c) The effective...
-
The ledger of Chopin Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. An analysis of the accounts shows the...
-
ABC, Inc. uses a periodic inventory system and reported $300,000 of inventory as of December 31, 2014. Upon reviewing the company's records, the auditor noted the following items which may have been...
-
Write a program that calculates and displays values for y when y = xz / (x-z) your program should calculate y for values of x ranging between 1 and 5 and values of z ranging between 2 and 6. The...
-
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 plant manager is interested in developing a quality-control pro-gram for an assembly line that produces light bulbs. To do so, the manager considers the quality of the products that come from the...
-
Clarify the distinctions among plagiarism, paraphrasing, and direct citation. Consider the following source and three ways that a student might be tempted to make use of it: Source: "The joker in the...
-
The rsum is a door opener for a job seeker. What's on it can get you in the door or cause the door to be slammed in your face. With that type of pressure, it is not surprising to learn that one 2006...
-
Piper High School is in Piper, Kansas, a town located about 20 miles west of Kansas City, Missouri. Christine Pelton was a high school science teacher there. Ms. Pelton, age 26, had a degree in...
-
Stuyvesant High School is an elite New York City high school that the "best of the best" high school students attend. Stuyvesant is ranked as the best of nine free public schools in New York City...
-
Heres an excerpt from this chapter: Increasinglybut like everything else about human behavior, not alwaysbusiness leaders help advance social change, inside and outside their companies. Consider...
-
Give the values of the following expressions: 1. ptr1->info 2. ptr2->next->info 3. listData->next->next->info
-
In Problems 1522, find the principal needed now to get each amount; that is, find the present value. To get $750 after 2 years at 2.5% compounded quarterly.
-
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....
-
Clark Company's current year income statement, comparative balance sheets, and additional information follow. For the year. (1) all sales are credit sales. (2) all credits to Accounts Receivable...
-
A process manufacturer reports the following: Conversion Units Beginning work in process inventory 194,000 Percent Complete 85% Units started this period 420,000 Units completed and transferred out...
-
Crane Windows manufactures and sells custom storm windows for three-season porches. Crane also provides installation service for the windows. The installation process does not involve changes in the...
Study smarter with the SolutionInn App