Entries by Munene david

Frederick Company’s January 1, 2018 finished goods inventory was $64,000

May 4, 2020 in /by

Frederick Company’s January 1, 2018 finished goods inventory was $64,000. The January 1, 2019 finished goods inventory is $90,000.  Cost of goods manufactured for the FY 2018 was $340,000. 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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Annapolis Company manufactures quality boating apparel

May 4, 2020 in /by

Annapolis Company manufactures quality boating apparel.  The following selected financial information for the fiscal year 2018 is provided: IMAGE ATTACHED 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 question-a.PNG   Looking for a Similar Assignment? […]

 

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During March 2019, Virginia Bay Corporation recorded $275,000 of costs

May 4, 2020 in /by

During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead. Alpha’s overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $298,000 would be incurred, and 8,900 direct labor hours would be worked. During March, 11,000 hours were actually worked. Use this information to determine the […]

 

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During March 2019, Alaska Corporation recorded $254,000 of costs

May 4, 2020 in /by

During March 2019, Alaska Corporation recorded $254,000 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, 11,900 hours were actually worked. Use this information to determine the amount […]

 

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