Business, 23.09.2020 16:01, chantianabess36
Robinson International began operations in early February. The company has provided the following summary of total manufacturing costs assigned to the job sheets of its entire client base during its first three months of operations.
Job Number February March April Total Costs Assigned
1000 $ 12,400 $ 6,800 $ 19,200
1001 15,000 7,400 $ 1,400 23,800
1002 2,000 2,000
1003 16,000 4,000 20,000
1004 9,000 6,000 15,000
Job no. 1002 was completed in February and sold in March. Job no. 1000 was completed and sold in March. Job no. 1001 was completed and sold in April. Job no. 1003 was completed in April, but it won’t be delivered until early May. Only job no. 1004 remains in process at April 30. The selling prices are set at 175 percent of the manufacturing costs assigned to each job.
a. Determine the Work in Process Inventory balance at the end of February, March, and April.
b. Determine the Finished Goods Inventory balance at the end of February, March, and April.
c. Compute the company's total gross profit for the three months ended April 30.
Answers: 3
Business, 22.06.2019 01:30, rome58
The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:
Answers: 3
Business, 22.06.2019 03:00, nyceastcoast
How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time
Answers: 1
Business, 22.06.2019 07:30, dimondqueen511
Which two of the following are benefits of consumer programs
Answers: 1
Robinson International began operations in early February. The company has provided the following su...
English, 12.12.2019 20:31
Mathematics, 12.12.2019 20:31
English, 12.12.2019 20:31
Social Studies, 12.12.2019 20:31
Mathematics, 12.12.2019 20:31