Question
During FY 2018 Bay Manufacturing had total manufacturing costs are $402,000. Their cost of goods manufactured for the year was $483,000.The January 1, 2019 balance
During FY 2018 Bay Manufacturing had total manufacturing costs are $402,000. Their cost of goods manufactured for the year was $483,000.The January 1, 2019 balance of Work-in-Process Inventory is $51,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)
Frederick Company's January 1, 2018 finished goods inventory was $82,000. The January 1, 2019 finished goods inventory is $51,000.Cost of goods manufactured for the FY 2018 was $352,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)
Annapolis Company manufactures quality boating apparel.The following selected financial information for the fiscal year 2018 is provided:
Item
Amount
Sales
$850,000
Beginning Raw Material Inventory
74,000
Direct Material Purchased
308,000
Factory Overhead
90,000
Finished Goods Inventory - January 1
144,000
Work in Process - January 1
74,000
Work in Process - December 31
98,000
Ending Raw Material Inventory
58,000
Finished Goods Inventory - December 31
168,000
Net Income
65,000
Direct Labor
155,000
Cost of Goods Sold
655,000
Use this information toprepareda detailed Schedule of Costs of Goods Manufactured for FY 2018: (Round dollar values & enter as whole dollars only.Properly title your statement.)
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