Entries by mary WAMBUGU

Below you will see an unadjusted trial balance run at month end followed by information needed to make adjusting entries. Baltimore Glass Company Unadjusted Trial Balance January 31, 2017

September 10, 2019 in /by

Below you will see an unadjusted trial balance run at month end followed by information needed to make adjusting entries. Baltimore Glass Company Unadjusted Trial Balance January 31, 2017 Acct. No. Account Title Debit Credit 101 Cash           34,512 110 Accounts Receivable        182,610 120 Merchandise Inventory        573,987 125 Supplies on Hand             3,252 […]

 

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During FY 2016 Bravo Manufacturing had total manufacturing costs are $520,000. Their cost of goods manufactured for the year was $495,000

September 10, 2019 in /by

During FY 2016 Bravo Manufacturing had total manufacturing costs are $520,000. Their cost of goods manufactured for the year was $495,000.  The January 1, 2017 balance of Work-in-Process Inventory is $60,000. Use this information to determine the dollar amount of the FY 2016 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)   […]

 

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Bravo Company’s January 1, 2016 finished goods inventory was $100,000. The January 1, 2017 finished goods inventory is $60,000

September 10, 2019 in /by

Bravo Company’s January 1, 2016 finished goods inventory was $100,000. The January 1, 2017 finished goods inventory is $60,000.  Cost of goods manufactured for the FY 2016 was $250,000. Use this information to determine the dollar amount of the FY 2016 cost of goods sold. (Round dollar values & enter as whole dollars only.)   Looking […]

 

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Compute the ending inventory using LIFO for both the periodic and the perpetual methods below: units price 1-Jan Beginning inventory 3,500 $3.00

September 10, 2019 in /by

Compute the ending inventory using LIFO for both the  periodic and the perpetual methods below:  units   price  1-Jan Beginning inventory            3,500  $                     3.00 14-Jan Bought            1,500  $                     3.15 5-Feb Sold            1,000 22-Feb Bought            2,000  $                     3.20 7-Mar Sold            1,500 15-Mar Sold            2,000 5-Apr Bought            1,000  $                     3.25 10-Apr […]

 

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