Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Finals.pdf (SECURED) - Foxit Reader G File Home Comment View Form Protect Share Connect Help Extras Tell me what you w Find Start Finals.pdf (SECURED)

image text in transcribed

Finals.pdf (SECURED) - Foxit Reader G File Home Comment View Form Protect Share Connect Help Extras Tell me what you w Find Start Finals.pdf (SECURED) Foxit Information Problem 3-Coat of Goods Manufactured Ken Ken Agricultural Manufacturing Company manufactures chicken feeds and has the following Information over its just concluded month, May 2020. Salcs totalcd $3,100,000.00 and glves a 5% commission to its cales salf charged as a saling expense. A total of 100,000 director hours were worked for the month with a rate of $7.00 per hour 500 000 00 Raw materials purchases Salario of Sales Star Salary of General Message Listika Expert - Factory Rent for Sectory Administrative Salaries Rent for Sales Shop Indirect labor Factory supervisor's salary Indirect meals Utilities Expenses - Office Factory Supplies Maintenance cost in the factory Depreciation Factory Equipment Depreciation. Once Administrative Equipment Office Supplies Experts Insurance for Administrative Offices Insurance for Factory Premi Miscellaneous Expe- Office Inventory levels are as follows 250,000.00 190 000.00 150.000.00 140.000.00 140 000.00 120.000.00 90.000.00 56.000.00 48.000.00 45.000.00 35.000.00 25 000.00 22 000.00 15 000.00 6.000.00 5.000.00 3.500.00 la Beginning inventory $175,000.00 180 000.00 150.000.00 Ending Inventory $150,000.00 200,000.00 125,000.00 Raw Materials Work In Process Finished Goods Required 11 Manufacturing cast for the month 12 Coat of Good Manufactured 13 Coat of Goods Sold 14. Net Operating income IH Ai e (NG 2:55 PM

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions