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answer this 6 question and give me the whole process, thank you 1 Courts Com npany has beginning work in process inventory of $144,000 and
answer this 6 question and give me the whole process, thank you
1 Courts Com npany has beginning work in process inventory of $144,000 and total manufacturing If cost of goods manufactured is $660,000, what is the cost of the ending work in process inventory? A) $150,000 B) $118,000 C) $190,000. D) $170,000 32 Given the following data for Courts Company, compute (A) total manufacturing costs and (B) costs of goods manufactured Direct materials used Direct labor Manufacturing overhead Operating expenses $40,000 $270,000 200,000 250,000 350,000 Beginning work in process Ending work in process Beginning finished goods Ending finished goods 20,000 50,000 30,000 A) $700,000 $740,000 B) $720,000 $700,000 C $720,000$740,000 D $740,000$760,000 33. Courts Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $750,000, beginning finished goods inventory 50,000, ending work in process inventory, $70,000, and ending finished goods inventory, 40,000. How much is Courts's cost of goods sold for the year? A) $750,000 B) $760,000 C) $740,000 D) $770,000 4 The following information is available for completed Job No 402 Direct materials, S120,000 direct labor, $180,000, manufacturing overhead applied, $90,000, units produced, 5,000 units; units sold, 4,000 units. The cost of the finished goods on hand from this job is A) $60,000. B) $300,000. C) $78,000 D) $312,000. 5. Cost of goods manufactured equals $85,000 for 2017. Finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end of the year. Beginning and ending work in process for 2017 are $4,000 and $5,000, respectively How mach is cost of goods sold for the year? A) $87,500 B) $83,000 C) $81,500 D) S88,500 5. A company expected its annual overhead costs to be $1,500,000 and direct labor costs to be $1,000,000. Actual overhead was $1,450,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overbead rate to the nearest cent? A) $1.45 B) $1.31 C) $1.50 D) $1.37Step by Step Solution
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