Homework Question 8 Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Elly Manufacturing CompanyE (Click the icon to view the schedule of cost of goods manufactured.)E (Click the icon to view the income statement.)Data TableFill in the blanks with the missing words, and replace the Xs with the correct amounts.Elly Manuracturing CompanyFirst we will fill in the missing information on the schedule of cost of goods manufactured. Select the heading, then complete the schedule.Elly Manufacturing CompanyJune 30, 2018Beginning27,000June 30, 2018DirectBeginning Direct Materials$ X56,000Purchases of Direct Materials84,000Ending Direct Materials(20,000)Direct$ XDirectManufacturing Overhead44,000180,000TotalCostsTotalCostsChoose from any drop-down list and then click Check Answer.Ending(25,000) Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Elly Manufacturing Company.E (Click the icon to view the schedule of cost of goods manufactured.)E (Click the icon to view the income statement.)Data TableFill in the blanks with the missing words, and replace the Xs with the correct amounts.First we will fill in the missing information on the schedule of cost of goods manufactured. Select the heading, then complete the schedule.Elly Manufacturing CompanyElly Manufacturing CompanyJune 30, 2018Net Sales Revenue$XJune 30, 2018Cost of Goods Sold:Beginning$110,000XCost of GoodsEnding232,000Cost of Goods SoldGross Profit258,000Expenses:Selling Expenses98,000XAdministrative ExpensesChoose from any drop-down list and then click Check Answer.160,000Total

Schedule of Cost of Goods Manufactured - It the schedule showing cost of producing product for a…

Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Elly Manufacturing Companv E (Click the icon to view the schedule of cost of goods manufactured.) E (Click the icon to view the income statement.) Data Table Fill in the blanks with the missing words, and replace the Xs with the correct amounts. Eпу мanитастuring tompany First we will fill in the missing information on the schedule of cost of goods manufactured. Select the heading, then complete the schedule. Elly Manufacturing Company June 30, 2018 Beginning 27,000 June 30, 2018 Direct Beginning Direct Materials $X 56,000 Purchases of Direct Materials 84,000 Ending Direct Materials (20,000 Direct $X Direct X 44,000 Manufacturing Overhead Costs 180,000 Total Total Costs Choose from any drop-down list and then click Check Answer. (25,000) Ending

Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Elly Manufacturing Companv E (Click the icon to view the schedule of cost of goods manufactured.) E (Click the icon to view the income statement.) Data Table Fill in the blanks with the missing words, and replace the Xs with the correct amounts. Eпу мanитастuring tompany First we will fill in the missing information on the schedule of cost of goods manufactured. Select the heading, then complete the schedule. Elly Manufacturing Company June 30, 2018 Beginning 27,000 June 30, 2018 Direct Beginning Direct Materials $X 56,000 Purchases of Direct Materials 84,000 Ending Direct Materials (20,000 Direct $X Direct X 44,000 Manufacturing Overhead Costs 180,000 Total Total Costs Choose from any drop-down list and then click Check Answer. (25,000) Ending

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4PB: Several items are omitted from the income statement and cost of goods manufactured statement data...

See similar textbooks

Similar questions

Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December: Instructions 1. For both companies, determine the amounts of the missing items (a) through (f), identifying them by letter. 2. Prepare Yakima Companys statement of cost of goods manufactured for December. 3. Prepare Yakima Companys income statement for December.
Statement of cost of goods manufactured and income statement for a manufacturing company The following information is available for Shanika Company for 20Y6: Instructions 1. Prepare the 20Y6 statement of cost of goods manufactured. 2. Prepare the 20Y6 income statement.
Statement of cost of goods manufactured and income statement for a manufacturing company The following information is available for Robstown Corporation for 20Y8: Instructions 1. Prepare the 20Y8 statement of cost of goods manufactured. 2. Prepare the 20Y8 income statement.
The following data are taken from the general ledger and other records of Phoenix Products Co. on October 31, the end of the first month of operations in the current fiscal year: a. Prepare a statement of cost of goods manufactured. b. Prepare the cost of goods sold section of the income statement.
Webster Company uses backflush costing to account for its manufacturing costs. The trigger points for recording inventory transactions are the purchase of materials, the completion of products, and the sale of completed products. Required: 1. Prepare journal entries, if needed, to account for the followingtransactions. a. Purchased raw materials on account, 135,000. b. Requisitioned raw materials to production, 135,000. c. Distributed direct labor costs, 20,000. d. Incurred manufacturing overhead costs, 80,000. (Use Various Credits for the credit part of the entry.) e. Cost of products completed, 235,000. f. Completed products sold for 355,000, on account. 2. Prepare any journal entries that would be different from theabove, if the only trigger points were the purchase of materialsand the sale of finished goods.
The following data are taken from the general ledger and other records of Coral Park Production Co. on January 31, the end of the first month of operations in the current fiscal year: a. Prepare a statement of cost of goods manufactured. b. Prepare the cost of goods sold section of the income statement.
Income statement for a manufacturing company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter.
Reese Manufacturing Company manufactures and sells a limited line of products made to customer order. The company uses a perpetual inventory system and keeps its accounts on a calendar year basis. A 6-column spreadsheet is presented on page 1100. Additional information needed to prepare the income statement and schedule of cost of goods manufactured is as follows: REQUIRED 1. Prepare an income statement and schedule of cost of goods manufactured for the year ended December 31,20--. 2. Prepare a statement of retained earnings for the year ended December 31,20--. 3. Prepare a balance sheet as of December 31, 20--. 4. Prepare the adjusting, closing, and reversing entries.
The adjusted trial balance for Appleton Appliances, Ltd. on June 30, the end of its first month of operation, is as follows: The general ledger reveals the following additional data: a. There were no beginning inventories. b. Materials purchases during the period were 23,000. c. Direct labor cost was 18,500. d. Factory overhead costs were as follows: Required: 1. Prepare a statement of cost of goods manufactured for June. 2. Prepare an income statement for June. (Hint: Check to be sure that your figure for Cost of Goods Sold equals the amount given in the trial balance.) 3. Prepare a balance sheet as of June 30. (Hint: Do not forget Retained Earnings.)
Abuah Goods manufactures clothing. For each item listed, Identify whether It is a product cost, a period cost, or not an expense. pins to keep materials together while garment Is being manufactured real estate taxes on store advertising expense product inspector wages shirts for sale Chief Financial Officer salary cost of goods sold
Click the Chart sheet tab. On the screen is a column chart showing ending inventory costs. During a deflationary period, which bar (A, B, or C) represents FIFO costing, which represents LIFO costing, and which represents weighted average? Explain your reasoning. On January 4 following year-end, Rio Enterprises received a shipment of 60 units of product costing 580 each. These units had been ordered by Del in December and had been shipped to him on December 27. They were shipped FOB shipping point. Revise the FIFOLIFO3 worksheet to include this shipment. Preview the printout to make sure that the worksheet will print neatly on one page, and then print the worksheet. Save the completed file as FIFOLIFOT. Using the FIFOLIFO3 file, prepare a 3-D bar (stacked) chart showing the cost of goods sold and ending inventory under each of the four inventory cost flow assumptions. No Chart Data Table is needed. Use the values in the Calculations Section of the worksheet for your chart. Enter your name somewhere on the chart. Save the file again as FIFOLIFO3. Print the chart.
Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: a. Prepare a cost of goods manufactured statement for March. b. Determine the cost of goods sold for March.