Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please complete part c1 please complete C1 z Your answer has been saved and sent for grading. See Gradebook for score details. Show the presentation

please complete part c1 image text in transcribed
image text in transcribed
image text in transcribed
please complete C1 image text in transcribed
image text in transcribed
image text in transcribed
z Your answer has been saved and sent for grading. See Gradebook for score details. Show the presentation of the ending inventories on September 30, 2020, balance sheet. Bonita Co. Balance Sheet Presentation (partial) September 30, 2020 Inventories Raw Materials Inventory Work in Process Inventory Finished Goods Inventory 11700 5300 12300 Total Inventories 29300 $1 yno t dere $40 resut In S130 acast of goods ising the 2500 Challenge Exercise 19-02 a-b, c1 (Part Level Submission) An analysis the month ended September 30, 2020 of the accounts of Bonita Company reveals the following manufacturing cost data for Inventories Beginning Ending Raw materials $12,100 $11,700 7,000 5,300 10,100 12,300 Work in process Finished goods Costs incurred: raw materials purchases $58,900, direct labor $49,900, manufacturing overhead $23,300. The specific overhead costs were: indirect labor $5,800, factory insurance $4,600 machinery depreciation $6,100, machinery repairs $2,900, factory utilities $3,900, miscellaneous factory costs $1,720. Assume that all raw materials used were direct materials. (c1) n Bonita Company is considering the purchase of a new automated assembly line for its factory. The purchase would result in several changes in Bonita' cost structure. Both direct labor and indirect labor would decrease by 40%. Factory insurance would increase to $8,300, machinery depreciation would double, machinery repairs would decrease to $400, utilities would decrease to $2,400 and miscellaneous factory costs would increase to $1,820. Materials usage would remain at current levels Analyze the new purchase by preparing a cost of goods manufactured schedule for September 30, 2020 using the new data (c1) Bonita Company is considering the purchase of a new automated assembly line for its factory. The purchase would machinery depreciation would double, machinery repairs would decrease to $400, utilities would decrease to $2,400 Analyze the new purchase by preparing a cost of goods manufactured schedule for September 30, 2020 using the n Bonita Co Cost of Goods Manufacturing Schedule Click if you would like to Show Work for this question: 9en Show wers

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

The Practice Of Modern Internal Auditing

Authors: Lawrence B Sawyer

2nd Edition

0894130927, 978-0894130922

More Books

Students also viewed these Accounting questions