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please help filling in the blanks I need to put in formula the percentage January 1 December 31 6,800 7,200 Required: How many jet skis
please help filling in the blanks
I need to put in formula the percentage
January 1 December 31 6,800 7,200 Required: How many jet skis did Allyson sell during the year? If each jet ski had a product cost of $2,200, what was the cost of goods sold last year? To the following information for Exercises 2-37 and 2-38: In March, Chilton Company purchased materials costing $25,000 and incurred direct labor cost of $10,000. Overhead totaled $42,000 for the month. Information on inventories was as follows: March 1 March 31 Materials $14,000 $6,500 Work in process 8,000 4,000 Finished goods 9,000 7,000 Exercise 2-37 Direct Materials Used, Cost of Goods Manufactured Refer to the information for Chilton Company above. Required: 1. What was the cost 2. What was the 3. What was the co cost of direct materials used in March? What was the total manufacturing cost in as the cost of goods manufactured for March? DEFGHLI Exercise 2-37 Name: 2. Enter the appropriate amount in the shaded cells. 3 An asterisk (*) will appear in the column to the right of an incorrect amount 4 5 1. $ Materials inventory, March 1 Materials purchases in March Materials inventory, March 31 Direct materials used in March 14,000 25,000 (6,500) 32,500 $ 102. Direct materials Direct labor Manufacturing overhead Total manufacturing cost 10,000 42,000 15 3. Total manufacturing cost Add: Work in process, March 1 Less: Work in process, March 31 Cost of goods manufactured 8.000 (4,000) Ex. 2.37 Ex. 2-37 Ready 10 PR 02-47 - Excel X EX 02-37 - Excel X EX 02-41 - Excel Chapter 2 Basic Managerial Accounting Concepts Use the following information for Exercises 2-39 through 2-41. Jasper Company provided the following information for last year: Sales in units 280,000 Selling price $ 12 Direct materials 180,000 Direct labor 505,000 Manufacturing overhead 110,000 Selling expense 437,000 Administrative expense 854,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero. Exercise 2-39 Cost of Goods Sold, Sales Revenue, Income Statement HIUlle Thsert Page Layout Formulas Data Review View Develc Arial 10 JA A YA === mon D Paste as Wrap Text BIU Merge & Center Clipboard Font Alignment B19 4 A C D E F G Exercise 2-41 Name: | 2 Enter the appropriate amount in the shaded cells. | 3 A red asterisk (*) will appear in the column to the right of an incorrect amount. 4 Round percentages to the nearest tenth of a percent. Percent of Sales 100.0% Jasper Company Income Statement For the Last Year Sales & Expenses Sales revenue $ 3,360,000 Cost of goods sold 795,000 Gross profit $ 2,565,000 Less: Selling expense Administrative expense 854,000 Operating income $ 1,274,000 437,000
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