Entries by mary WAMBUGU

Aco had WIP balance of $75,000 on January 1, 2018. The year end balance of WIP was $135,000 and cost of goods manufactured was $800,000

GivenAco had WIP balance of $75,000 on January 1, 2018. The year end balance of WIP was $135,000 and cost of goods manufactured was $800,000 Determine total manufacturing costs incurred during FY 2018   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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FY 2018 Aco had beginning finished goods inventory of $18,000 and ending finished goods inventory of $18,000.

GivenFY 2018 Aco had beginning finished goods inventory of $18,000 and ending finished goods inventory of $18,000. Beginning WIP was $14,000 and ending WIP was 13,000. Factory overhead was $22,000. Total manufacturing costs amounted to $200,000 Determine: FY 2018 Costs of Goods Sold   Looking for a Similar Assignment? Order now and Get 10% Discount! […]

 

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FY 2019 Aco plans to sell tools for $12 a unit. Current variable costs are $5 a unit and fixed costs are expected to total of $165,000

Given:FY 2019 Aco plans to sell tools for $12 a unit. Current variable costs are $5 a unit and fixed costs are expected to total of $165,000 Determine: number of units of tools for Aco to breakeven   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Prepare: cash flow statement using indirect method

Question Given: 2018 2017Net income $140,000 $160,000Depreciation Expense 40,000 30,000 purchase of Plant assets 130,000 120,000 Disposal of plant assets 40,000 50,000 Gain (loss) on disposal of plant assets (10,000) 5,000 Accounts receivable balance 64,000 55,000 Accounts Payable Balance 42,000 39,000 Interest Expense 8,000 6,000 Income taxes paid 35,000 28,000 Dividends Paid 30,000 25,000 Common […]

 

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