Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q Search ... HS (Cost Accounting- Second Semester 2021) cost=866320/112200=7.72 15 Direct material ending inventory: $25,000. Work In Process Ending Inventory: $19,000. Finished goods beginning

image text in transcribed

Q Search ... HS (Cost Accounting- Second Semester 2021) cost=866320/112200=7.72 15 Direct material ending inventory: $25,000. Work In Process Ending Inventory: $19,000. Finished goods beginning inventory: $84,000. Sales: $455,000. Cost of direct materials purchased during the year: $76,000. Cost of Goods Manufactured $280,000. Gross Profit for the years $146,000. Selling and administrative expenses: $55,000. Conversion Cost: $162,000. Compute ending finished goods inventory (31/12/2020) Show calculations here (3.5 Points) Enter your answer Submit OBI N 29C Haze 9500) C Backe Hum 4 5 6 1 7 V8 990 TY U : 31

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

Auditing That Matters Case Studies

Authors: Norman David Marks

1st Edition

B089J17FFW, 979-8650160410

More Books

Students also viewed these Accounting questions

Question

3. What should a contract of employment contain?

Answered: 1 week ago

Question

1. What does the term employment relationship mean?

Answered: 1 week ago