Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please do this question ...please solve... Calibri (Body) 11 Problem 4 (30 marks) Given below are the activities performed by Pixels Inc. that is expected

image text in transcribed

please do this question ...please solve...

Calibri (Body) 11 Problem 4 (30 marks) Given below are the activities performed by Pixels Inc. that is expected to affect their inventory position. Assume that you are the cost accountant of the company. Analyze these activities and prepare the inventory records (using weighted average method) to help the management find the cost of goods sold and closing value of inventory- (Round your calculations up to 2 decimal places): $400 $515 $142 $198 Purchased 110 kg @$56 Purchased 205 kg @$54 Issued 135 kg to manufacturing process Spend following expenses on manufacturing to complete: Cleaning expenses Supplies consumed Utilities Allocated indirect expenses Purchased 190 kg @$55.6 Sold 99 kg @$102 Issued 190 kg to manufacturing process Spend following expenses on manufacturing and goods were not completed: Direct expenses Allocated variable overheads Allocated fixed overheads Sold 105 kg @$104 Purchased 138 kg @ $54.8 $666 $764 $299 Calibri (Body) 11 Problem 4 (30 marks) Given below are the activities performed by Pixels Inc. that is expected to affect their inventory position. Assume that you are the cost accountant of the company. Analyze these activities and prepare the inventory records (using weighted average method) to help the management find the cost of goods sold and closing value of inventory- (Round your calculations up to 2 decimal places): $400 $515 $142 $198 Purchased 110 kg @$56 Purchased 205 kg @$54 Issued 135 kg to manufacturing process Spend following expenses on manufacturing to complete: Cleaning expenses Supplies consumed Utilities Allocated indirect expenses Purchased 190 kg @$55.6 Sold 99 kg @$102 Issued 190 kg to manufacturing process Spend following expenses on manufacturing and goods were not completed: Direct expenses Allocated variable overheads Allocated fixed overheads Sold 105 kg @$104 Purchased 138 kg @ $54.8 $666 $764 $299

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

Financial Accounting an introduction to concepts, methods and uses

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

13th Edition

978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003

More Books

Students also viewed these Accounting questions