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Please complete Cost of Goods Sold Budget (9.07-9.14) at the bottom of these pics. I provided all the previous information needed to complete that
Please complete " Cost of Goods Sold Budget" (9.07-9.14) at the bottom of these pics. I provided all the previous information needed to complete that part below
l See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets Cash Accounts Receivable Inventory $34,710.00 67,500.00 Raw Material 500$16.00 Lamp Kits Work in Process Finished Goods 8,000.00 3000 $30.00 90,000.00 $ 200,210.00 Total Current Assets Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets $ 20,000.00 6,800.00 13,200.00 $ 213,410.00 Total Assets Current Liabilities $54,000.00 $54,000.00 Accounts Payable Total Liabilities Stockholder's Equity $ 12,000.00 147,410.00 Common Stock Retained Eamings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 159,410.00 $ 213,410.00 Overhead Allocation rate based on: 1. Number of Units Total Factory Overhead/Number of Units (Round to two places, $##,##) 10.39333333 $10.399.01j of making one unit next year Cost of one Lamp Kit Labor Cost Per Lamp Factory overhead per unit 16.88 2.079.02) 10.39 Total cost of one unit (Round to two places, $##,##) 29.349.03; Fixed Selling Variable Seling (Round to two places, $##,##) Fixed Administrative Variable Administrative (Round to two places, $##,##) Total Selling and Administrative (Round to two places, $##,##) 103,950.0019.04) 52000 70,290.009.05 253,240.009.0 Goods 7 Sold Round dollars to two aces, $##,## Budget 9.07 Beginning Inventory, Finished Goods Production Costs: Materials: Lamp Kits: Beginning Inventory Purchased Available for Use Ending Inventory of Lamp Kits Lamp Kits Used In Production 9.08 9.09 9.101 9.11 9.12) 9.13 9.14) Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods Sold l See The Light Projected Balance Sheet As of December 31, 20x1 Current Assets Cash Accounts Receivable Inventory $34,710.00 67,500.00 Raw Material 500$16.00 Lamp Kits Work in Process Finished Goods 8,000.00 3000 $30.00 90,000.00 $ 200,210.00 Total Current Assets Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets $ 20,000.00 6,800.00 13,200.00 $ 213,410.00 Total Assets Current Liabilities $54,000.00 $54,000.00 Accounts Payable Total Liabilities Stockholder's Equity $ 12,000.00 147,410.00 Common Stock Retained Eamings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 159,410.00 $ 213,410.00 Overhead Allocation rate based on: 1. Number of Units Total Factory Overhead/Number of Units (Round to two places, $##,##) 10.39333333 $10.399.01j of making one unit next year Cost of one Lamp Kit Labor Cost Per Lamp Factory overhead per unit 16.88 2.079.02) 10.39 Total cost of one unit (Round to two places, $##,##) 29.349.03; Fixed Selling Variable Seling (Round to two places, $##,##) Fixed Administrative Variable Administrative (Round to two places, $##,##) Total Selling and Administrative (Round to two places, $##,##) 103,950.0019.04) 52000 70,290.009.05 253,240.009.0 Goods 7 Sold Round dollars to two aces, $##,## Budget 9.07 Beginning Inventory, Finished Goods Production Costs: Materials: Lamp Kits: Beginning Inventory Purchased Available for Use Ending Inventory of Lamp Kits Lamp Kits Used In Production 9.08 9.09 9.101 9.11 9.12) 9.13 9.14) Total Materials: Labor Overhead Cost of Goods Available Less: Ending Inventory, Finished Goods Cost of Goods SoldStep by Step Solution
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