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RAW MATERIALS BEGINNING: $60000 RAW MATERIALS PURCHASE: $140000 RAW MATERIALES USED: $136000 RAW MATERIALS ENDING: $64000 Please help me to find materials inventory, finished goods
RAW MATERIALS BEGINNING: $60000
RAW MATERIALS PURCHASE: $140000
RAW MATERIALES USED: $136000
RAW MATERIALS ENDING: $64000
Please help me to find materials inventory, finished goods inventory and work in process inventory.
Thank you!
You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25.000 $50.000 $75.000 $100.000 $125.000 $150.000 $175.000 $200.000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory 550.000 54.000 50.000 $40.000 43.000 Repairs expense - Factory $30.000 33.000 Factory supplies used indirect materials) Factory utilities $20.000 $10.000 Beginning Ending Beginning Ending Indirect labor Additional Data Accounts receivable, net $150.000 Cash $350.000 Direct labor $180.000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses $0 $200.000 $400.000 $600.000 $800.000 $1.000.000 # +ableau E K TO Prepare the current assets section of the balance sheet for the current year ended December 31. $ Mountaineer Co. Partial Balance Sheet December 31 Cash Accounts receivable, net Inventories Raw materials inventory Finished goods inventory Work in process inventory 350,000 150,000 Total current assets $ 500,000 You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25.000 $50.000 $75.000 $100.000 $125.000 $150.000 $175.000 $200.000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory 550.000 54.000 50.000 $40.000 43.000 Repairs expense - Factory $30.000 33.000 Factory supplies used indirect materials) Factory utilities $20.000 $10.000 Beginning Ending Beginning Ending Indirect labor Additional Data Accounts receivable, net $150.000 Cash $350.000 Direct labor $180.000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses $0 $200.000 $400.000 $600.000 $800.000 $1.000.000 # +ableau E K TO Prepare the current assets section of the balance sheet for the current year ended December 31. $ Mountaineer Co. Partial Balance Sheet December 31 Cash Accounts receivable, net Inventories Raw materials inventory Finished goods inventory Work in process inventory 350,000 150,000 Total current assets $ 500,000Step by Step Solution
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