Entries by mary WAMBUGU

During FY 2018 Bay Manufacturing had total manufacturing costs are $428,000. Their cost of goods manufactured for the year was $457,000.

August 30, 2019 in /by

During FY 2018 Bay Manufacturing had total manufacturing costs are $428,000. Their cost of goods manufactured for the year was $457,000. The January 1, 2019 balance of Work-in-Process Inventory is $58,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)   […]

 

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Frederick Company’s January 1, 2018 finished goods inventory was $61,000. The January 1, 2019 finished goods inventory is $93,000.

August 30, 2019 in /by

Frederick Company’s January 1, 2018 finished goods inventory was $61,000. The January 1, 2019 finished goods inventory is $93,000.  Cost of goods manufactured for the FY 2018 was $352,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)   Looking […]

 

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During March 2019, Alaska Corporation recorded $230,000 of costs related to factory overhead. Alaska’s overhead application rate is based on direct labor hours.

August 30, 2019 in /by

During March 2019, Alaska Corporation recorded $230,000 of costs related to factory overhead. Alaska’s overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $250,000 would be incurred, and 12,500 direct labor hours would be worked.  During March, 11,700 hours were actually worked. Use this information to determine the amount […]

 

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Annapolis Company manufactures quality boating apparel. The following selected financial information for the fiscal year 2018 is provided: Sales $850,000

August 30, 2019 in /by

Annapolis Company manufactures quality boating apparel.  The following selected financial information for the fiscal year 2018 is provided: 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 […]

 

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