Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Atlantic Equipment manufactures and selling began operations on January 1, 2020 (Click the can to view the cost incurred during 2020)(Cis the icon to

image text in transcribed

Atlantic Equipment manufactures and selling began operations on January 1, 2020 (Click the can to view the cost incurred during 2020)(Cis the icon to view the inventary data) Reveres in 2020 were 2440,000. The acting price per unit and the purchase price per pound from were stable throughout the your. The company'a criding inventory of a carried at the average annualacturing coal for 2323. Fated-goods inventory al December 31, 2120, was $23,000. Rand Requirement 1. Calculate direct rulers inventory; total cost. December 31, 2020. Determine the foul, then calculate ending direct material Ending direct mater Requirement 2. Calculate finished-goods inventory, total units, December 31, 2020 Before we cute the units for ending finished goods, we will first calculate the total cost of goods manufactured en input field is not used in the table, leave the inaut field empty, do not enter a zero.) Directing later costs Plant energy costs Indirect refacturing Other indirectl Variable Manufacturing cost for 110,000 unite hood Qa Data table Coat for 2020 (Valanda for vurub, ford Direct mater used $143.000 V Direct manufacturing labor costs Plant energy costs Indirect manufacturing labor costs Indirect manufacturing br Other indirect manufacturing cat $37.000 V $5,500 V $17,000 V $3 $1,500 V Other indirect manufacturing costs $22,000 F Marketing, distribution, and customer-service costs Marketing, distribution, and customer-service costs Administrative costs $129,000 V $44,000 F $50,000 New see the labels used to calculats ending finished goods inventory in total units, then calculate the finished goods inventory in tots uns at December 31, 2020 (Round memedary calculations to the nearest cene Abbreviations used Odirect materials, co-cast of goods, End - Ending) Ending rated goods Inventory in uns marketing debution, and rice are variate with acto unite sid Requirement S. Cable scling az in 2020. Abbrevia used DM direct 000cogs. Determine the forms to calculats selling price Su (Enter your arower to the nearest cent) per ant The 2323ing re Requirement 4. Cara perating for 2020 Bege preparing the moon alulred by acooby Dre label in the appropriate order, her under the unna and cake the spawing mozno)kanji (Vac u porodicaca or ammum age for uni uporabng baa, for usoara wida 30 balance, make sure to enter V in be appropriate cal. Compliculitzaileda) Atlants Office Equipment Cost of goods sold Q Income Statement For the Year Ended December 31, 2029 Open() Data table Print Done Inventory data are a Beginning January Enang: December 1,2020 31,2020 Direct mater Work in process Finished goods Preciction in 2020 was 110,000 units. Two pounds of t Irake count of fried pret 012 2,400 U unda Uunda Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2016

Authors: Jeanette Landin, Paulette Schirmer

2nd edition

978-1259821950, 1259821951, 1259572196, 978-1259572197

More Books

Students also viewed these Accounting questions

Question

Why are stocks usually more risky than bonds?

Answered: 1 week ago

Question

Interpret a P-value in context.

Answered: 1 week ago