Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The second question please 8350 26.974 The Merchandise laveetiory accouat had a Jansary 1,201 What wa Cost of Goods Sokl in 201 s balanoe of
The second question please
8350 26.974 The Merchandise laveetiory accouat had a Jansary 1,201 What wa Cost of Goods Sokl in 201 s balanoe of $37,616 and& December 31, 2018 belasce of $27 0772. s X Company began operations is 2018. It manufactured 10,sto units of a single produet and sold 7,300 unite for $170 $590 140 Direct materials purchased Direct materials sed Direct labor coets Overhendd costa Selling costs Administrative costs 578.3 276 804 130,356 95,256 There was so beginning balance in any inventory account. There were no unfinisbed units at the end of the year. What was Cost of Goods Sold for 20187 2. AO 16,825 BO 8450.397 CO soos,125 DO $965,88 EO 81,400,528 FO 82,030,766 8 ptX Company, a merchandiser, buys and sells two different products, 1 and 2. The firm uses a single driver system to its period expenses to these products. Budgeted revenuen and expemises for the coming year are as follows Product 1 $1,295,000 Product 2 $1,050,000 Total $2,345,000 Cost of Good Sold Period expenses $777,000 8693,000 $1,470,000 8392,000 Using Revenue as the single driver, what was the allocation of period expenses to Product 1 (round the allocation rate to two decimal places]? 3. AO $137,455 BO $160,823 CO $188,162 DO $220,150 EO $257,576FO $301,363 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started