4) During FY 2018 Bay Manufacturing had total manufacturing costs

are $450,000. Their cost of goods manufactured for the year was $429,000. The January 1, 2019 balance of Work-in-Process Inventory is $57,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory.

5)Frederick Company’s January 1, 2018 finished goods inventory was $88,000. The January 1, 2019 finished goods inventory is $96,000.  Cost of goods manufactured for the FY 2018 was $202,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold.

6)Annapolis Company manufactures quality boating apparel.  The following selected financial information for the fiscal year 2018 is provided:
Item
Amount
Sales
$850,000
Beginning Raw Material Inventory
74,000
Direct Material Purchased
308,000
Factory Overhead
90,000
Finished Goods Inventory – January 1
144,000
Work in Process – January 1
74,000
Work in Process – December 31
98,000
Ending Raw Material Inventory
58,000
Finished Goods Inventory – December 31
168,000
Net Income
65,000
Direct Labor
155,000
Cost of Goods Sold
655,000
Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2018

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"