Each of the following columns is independent and for a different company. Use the data given, which
Question:
Each of the following columns is independent and for a different company. Use the data given, which Problem 2.55 refer to one year for each company, to find the unknown account balances. Unknown Account Balances company (LO 1, 2,3)
Account I 2 3 SALCSICVCHUC MID Ret eee «fusca qn. ak a a en a eee 70,1001,088,000 $3,359,900 Rawematerialinventony;Jamuary 1a: oo. 02 ees ce ee ee eee 8,000 24,600 45,000 Raw-material inventory, December 31..................... 12,400 20,000 (d)
Work-in-process inventory, January 1 .............. 000000, 12,560 11,600 (e)
Work-in-process inventory, December 31 .................. 12,560 12,000 85,200 Rinished-goodsiinvemtonyruanuany 1) 2.2.6600 00.000 ce .s e
a. 2,800 254,200 334,480 Finished-goods inventory, December 31................... 4,600
(b) 367,400 PUKCNASCSOMAWAMGLenIalite east, ets orn n ai. a Seameniet ks Reacts G
(a) 262,000 248,400 Cost of goods manufactured during the year................ 58,000 679,200 1,518,220 TOLAlNMNANUTACUNINGCOSISH AY ote acs cs avn) AER IY 58,000 679,600 1,526,800 COSHOMGOOCS*S OIA Am. ht Anerrar Sito tea irae WP diane 56,200 760,000 (f)
GOSSMANG Ie ees ee een et ent ty et PEM OR UN tee 13,900 328,000 1,874,600 DineCHIAlO aL A Ame eee eee tate A CUS: RIALTO 23,200 173,000 (g)
eC mImMeaterialSein yrmrset tt nak eke he med ESE. Of, Ment ort 15,000 (Cc) 234,200 Manuraciuringrevernead! i: eee. neal Seu eae & 19,800 240,000 430,600
Step by Step Answer:
Cost Management Strategies For Business Decisions
ISBN: 12
4th Edition
Authors: Ronald Hilton, Michael Maher, Frank Selto