Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Is this correct? If not, please provide the correct answers. Thank you! Jones Corp, a lamp manufacturer, provided the following information for the year ended

Is this correct? If not, please provide the correct answers. Thank you! image text in transcribed
image text in transcribed
Jones Corp, a lamp manufacturer, provided the following information for the year ended December 31, 2018 E Click the loon to view year end information.) 1. Use the information to prepare a schedule of cost of goods manufactured 2. What is the unit product cost if Jones manufactured 2.140 lamps for the yea? Requirement 1. Use the information to prepare a schedule of cost of goods manufactured Data Table Jones, Corp Schedule of Cost of Goods Manufactured Year Ended December 31, 2018 Beginning Ending 52,00024,000 01,00067,000 101 Balances Drect Materials Work-in-Prooess Inventory Frished Goods inventory Other information Depreciation, plant building and equipment Direct materials purchasos Insurance on plant Sales salares Dret Mrals Used 44,000 276 $ 17,000 Direct Materials 152,000 28,000 49,000 11,000 34000 124,000 53.000 252 Direct Maberials Used Overhead Indrect labor Drect labor Administrative espenses and E 28 Total Manulacturing Overhead To Manulauring Costs Incurred during the Year Total ManAscturing Costs to Accourt For hoose torn any iat or order any number in the "Vnd 6ens and er, oorenue to the next Print Done ston Jones Corp, a lamp manufaurr provided the following information for the year ended Decmber 31, 2018 Click the icon to view year-end infomation 1. Use the information to prepare a schedule of cost of goods manufactured 2 What is the unil product cost if Jones manufactured 2,140 lamps for the year? 101 Direct Materials Used 124,000 Data Table Balances Drect Matorials Work-n-Process Inventory Dect Matorials Used 52.000 24.,000 01,00067.000 48,000 ished Goods inweo Other information Depreciation plant buiding and equpment Dredt matorials purchases nsurance on plan Sales salare Repairs and mairtenance-pant Indrod labor Drect labor Administrative expenes 44,000 17,000 152000 28.000 40,000 11,000 Total Mandscdtuing Overhead Total Marfactring Cosls Incured during the Yoa Total Mansfacturing Costs to Account For 124,000 53,000 Cosl of Goods Mansfactured Requirement 2. What is the unit product cost if Jones manufactuned 2.140 lamps for the year? cost per lamp 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

Horngren S Financial And Managerial Accounting The Managerial Chapters RENTAL EDITION

Authors: Miller-Nobles

1st Edition

0136503748, 978-0136503743

More Books

Students also viewed these Accounting questions

Question

A 300N F 30% d 2 m Answered: 1 week ago

Answered: 1 week ago

Question

Identify three ways to manage an intergenerational workforce.

Answered: 1 week ago

Question

Prepare a Porters Five Forces analysis.

Answered: 1 week ago

Question

Analyze the impact of mergers and acquisitions on employees.

Answered: 1 week ago