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Question: 1) Short Answer: ll work should be performed in EXCEL.These questions are similar to the homework.Please show all work, you earn credit by illustrating
Question:1) Short Answer: ll work should be performed in EXCEL.These questions are similar to the homework.Please show all work, you earn credit by illustrating how you got the answer and for the answer itself.Even if your ultimate answer is incorrect, by showing your work,Presented below are incomplete 2006 manufacturing cost data for Swartnez Corporation.Determine the missing amounts.Direct Materials UsedDirect LaborFactory Overhead Total Manufacturing Costs (a) $17,000 $42,000 $14,000 ? (b) ? $75,000 $112,000 $420,000 (c) $30,000 ? $141,000 $396,000
2) Account balances from Jolly B Manufacturing Company's accounting records for the month ended December 31, 2006 appear below: Finished Goods Inventory, December 31 $15,600 Factory Supervisory Salaries 22,000 Income Tax Expense 12,000 Raw Materials Inventory, December 1 8,800 Work In Process Inventory, December 31 22,400 Sales Salaries Expense 12,300 Factory Depreciation Expense 2,000 Finished Goods Inventory, December 1 12,500 Raw Materials Purchases 234,000 Work In Process Inventory, December 1 16,000 Factory Utilities Expense 3,200 Direct Labor 54,000 Raw Materials Inventory, December 31 10,200 Sales Returns and Allowances 1,200 Indirect Labor 3,600 Instructions:Prepare schedule of cost of goods manufactured for Jolly B Manufacturing Company for the month ended December 31, 2006.
Stadium Company begins operations on July 1, 2006. Information from job cost sheets shows the following:Manufacturing Costs Assigned Job No. July August September A21 $13,000 $4,100A22 6,100 4,700 $9,000 A23 4,900A242,600 3,000 A252,400 4,200Job A23 was completed in July.Job A21 was completed in August, and Jobs A22 and A25 were completed in September. Each job was sold for 40% above its cost in the month following completion. Instructions A. Compute the balance in Work in Process Inventory at the end of July. 10,500 B. Compute the balance in Finished Goods Inventory at the end of August. 12,400 C. Compute the gross profit for September.16,200
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