Entries by Munene david

Annapolis Clothing Company manufactures quality boating attire

Annapolis Clothing Company manufactures quality boating attire. The following selected financial information for the fiscal year 2018 is provided: Use this information to determine the dollar amount of Annapolis Clothing’s Finished Goods Inventory for January 1, 2018. (Round dollar values & enter as whole dollars only.)  ATTACHMENT PREVIEW Download attachment 2019-11-22_1101.png Item Amount Sales $200,000 Cost of […]

 

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Annapolis Company manufactures quality boating apparel. 

Annapolis Company manufactures quality boating apparel.  The following selected financial information for the fiscal year 2018 is provided: Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2018: (Round dollar values & enter as whole dollars only. Properly title your statement.)  ATTACHMENT PREVIEW Download attachment 2019-11-22_1103.png Item Amount Sales $850,000 Beginning Raw Material Inventory […]

 

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On March 31, 2019, Dorchester Corporation recorded the following factory overhead

On March 31, 2019, Dorchester Corporation recorded the following factory overhead costs incurred: The overhead application rate is based on direct labor hours.  The preset formula for overhead application estimated that $22,000 would be incurred, and 2,000 direct labor hours would be worked. During March, 650 hours were actually worked on Job Order 3-1 and 1,200 […]

 

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Dorchester Company, on March 1, 2019 has a beginning Work in Process

Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 18,500 units. At the end of the month there were 13,000 units completed and […]

 

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