Required: a. Compute the total manufacturing costs charged to work in process for the current year. b. Compute the cost of finished goods manufactured for
Required:
a.Compute the total manufacturing costs charged to work in process for the current year.
b.Compute the cost of finished goods manufactured for the current year.
c.Compute the cost of goods sold for the current year.
d.Compute the gross profit on sales and net income for the current year.
e.Compute the dollar value of ending inventories of (1) work in process and (2) finished goods for the current year.
6 Chrome File Edit View History Bookmarks Profiles Tab Window Help $10M - Sun 11:41 PM Q 0 55 r V O 0 0 ModuleAProblem Test-Finan x | ModuleSHomework Assignme x e Question1-Module5Homew x M NAH Module1Written Assignn x | Course Hem x | + o 6 9 C' i ezto.mheducation.com/ext/mapndex.htm|?_con=con&external_browser=0&launchUr|=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252theproducts%2... fr 1'] 3 Module 5 Homework Assignment 0 Saved Help Save & Exit Submit Check my work Sky Tracker Corporation manufactures a telecommunications device. During its rst year of operations, the company started and completed 50 devices at a cost of $60,000 per unit. Of these, 48 were sold for $100,000 each and two remain in nished goods inventory. In addition, the company had six partially completed units in its factory at year-end. Total costs for the year (summarized 100 alphabetically) were as follows. points Direct materials used 5 706,000 eBook Direct labor 914,000 Income tax expense 100,000 Print General and administrative expenses 500,000 Manufacturing overhead 1,800,000 References Selling expenses 500,000 I , , Required: a. Compute the total manufacturing costs charged to work in process for the current year. b. Compute the cost of nished goods manufactured for the current year. c. Compute the cost of goods sold for the current year. d. Compute the gross profit on sales and net income for the current year. e. Compute the dollar value of ending inventories of (1) work in process and (2) nished goods for the current year. Total manufacturing costs charged to work in process for the current year. Cost of nished goods manufactured Cost of goods sold 9-957!\" Gross prot on sales Net income e-1 Ending inventory of work in process A o :ninn IrulAnlnru Aromas.\" \"map Chrome File Edit View History Bookmarks Profiles Tab Window Help 100% Sun 11:41 PM Q E ... B Module 4 Problem Test - Finan X B Module 5 Homework Assignme Question 1 - Module 5 Homewc X M NAH Module 1 Written Assignm X Course Hero X + - > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%2... * ... Module 5 Homework Assignment i Saved Help Save & Exit Submit Check my work alphabetically) were as follows. Direct materials used $ 706, 000 Direct labor 914, 000 100 Income tax expense 100 , 000 points General and administrative expenses 500 , 000 Manufacturing overhead 1, 800, 000 Selling expenses 500, 000 eBook Print Required: a. Compute the total manufacturing costs charged to work in process for the current year. References b. Compute the cost of finished goods manufactured for the current year. c. Compute the cost of goods sold for the current year. d. Compute the gross profit on sales and net income for the current year. e. Compute the dollar value of ending inventories of (1) work in process and (2) finished goods for the current year. a. Total manufacturing costs charged to work in process for the current year. b. Cost of finished goods manufactured C. Cost of goods sold d. Gross profit on sales Net income e-1 Ending inventory of work in process e-2 Ending inventory of finished goods Mc Graw SEP 26 ... AS w X
