Business, 04.05.2020 23:43, iSODREW7869

Information for Basic Factory, Inc., as if December 31 follows:
Raw materials inventory, January 1 $ 88,000
Raw materials inventory, December 31 68,000
Goods in process inventory, January 1 25,000
Goods in process inventory, December 31 28,900
Finished goods inventory, January 1 120,000
Finished goods inventory, December 31 88,700
Depreciation of factory equipment 27,000
Direct labor 88,000
Factory supplies used 9,500
Raw materials purchases 180,000
Depreciation of delivery vehicles 12,000
Factory building rent 20,000
Sales commissions 40,500
Factory utilities 16,000
Interest expense 8,000
Factory insurance 17,000

Prepare a Cost of Goods Manufactured statement for the year ended Decemeber 31

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:10, diamondk2019

In a sumif conditional function, what should be the order of terms in the parentheses?

Answers: 1

continue

Business, 22.06.2019 06:00, Wocking310

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

Answers: 1

continue

Business, 22.06.2019 18:30, spazzinchicago

Health insurance protects you if you experience any of the following except: a: if you have to be hospitalized b: if you damage someone's property c: if you need to visit a clinic d: if you can't work because of illness

Answers: 2

continue

Business, 22.06.2019 19:30, Ruby2480

One of the benefits of a well designed ergonomic work environment is low operating costs is true or false

Answers: 3

continue

Do you know the correct answer?

Information for Basic Factory, Inc., as if December 31 follows:
Raw materials inventory, Janua...