Question
This is my hw for ACC theanswers I got for the following questions are wrong. Can you plases show your work thanks Jasper Corporation Jasper
This is my hw for ACC theanswers I got for the following questions are wrong. Can you plases show your work
thanks
Jasper Corporation Jasper Corporation incurred the following costs which includes salaries and wages in April:
| ||||||||||||||||||||||||
Refer to the Jasper Corporation information above. Total period costs are:
| ||
| ||
| ||
|
Hide Feedback
1. Cost of Goods Sold and Merchandise Available for Sale in a Merchandising Company
Shabalin Clothing Store features dance apparel. At the beginning of the year, the store had $512,000 in merchandise. Total purchases for the year were $477,000.
Required:
A. Calculate the cost of goods sold for the year, assuming that the year-end inventory was $481,700. $
B. What was the total amount of merchandise available for sale during the year? $
Cost Flows: Raw Materials Used
At the beginning of the month, AGN Manufacturing had the following information available for the month of September:
Beginning | Ending | |
Raw materials inventory | $30,000 | $37,000 |
Work in process inventory | 56,000 | 81,000 |
Finished-goods inventory | 11,000 | 2,500 |
During the month of September, the company purchased $122,000 of raw materials. How much raw material was used in September? $
3. Cost of Goods Manufactured
Kepler's Fudge Factory had the following information available for the month of September:
Beginning | Ending | |
Raw materials inventory | $40,000 | $20,000 |
Work in process inventory | 25,000 | 35,000 |
Finished-goods inventory | 30,000 | 20,000 |
Raw materials purchased | 95,000 | |
Direct labor (2,400 hrs @ $11) | 26,400 | |
Overhead | 50,000 |
Required:
Calculate the cost of goods manufactured for the month. $
Michael's Manufacturing, Inc. has the following information available for the month of July:
| |||||||||||||||||
Refer to the Michael's Manufacturing, Inc. information above. Cost of goods sold for July is:
| ||
| ||
| ||
|
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