Entries by Munene david

Baltimore Manufacturing Company just completed its year ended December

May 6, 2020 in /by

Baltimore Manufacturing Company just completed its year ended December 31, 2018. Depreciation for the year amounted to $230,000: 25% relates to sales, 20% relates to administrative facilities, and the remainder relates to the factory. Of the total units produced during FY 2016: 80% were sold in 2018 and the rest remained in finished good inventory. Use this […]

 

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Sales $200,000 Cost of Goods Manufactured 48,000 Direct Material Purchased

May 6, 2020 in /by

Sales $200,000 Cost of Goods Manufactured 48,000 Direct Material Purchased 80,000 Factory Overhead 20,000 Work in Process – January 1 60,000 Work in Process – December 31 30,000 Direct Material – December 31 20,000 Finished Goods Inventory – December 31 32,000 Net Income 30,000 Direct Materials used 60,000 Cost of Goods Sold 57,000 Use this […]

 

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During FY 2018 Bay Manufacturing had total manufacturing costs

May 6, 2020 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.

May 6, 2020 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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