f the beginning finished goods inventory 250 000 ID , prime cost 250 000 ID , ending finished goods inventory 160 000 ID , manufacturing overhead expenses 180 000 ID , cost of goods manufactured 1224 000 ID , the cost of goods sold are : - a - 1314 000 ID. b - 2184 000 ID . c - 1824 000 ID .

Q: 20. Hardigan Manufacturing Company reported the folowing year end information Beginning work in…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Manufacturing cost is related to production of goods in the factory. It includes all direct material…

Q: Given that the cost of goods completed was $57 000, sales $80 000, finished goods at start $3 200…

A: Gross profit = Sales - (Beginning finished goods + cost of goods completed - Ending finished goods)…

Q: Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000…

A: Inventory refers to the goods held by the business either for selling or for further production so…

Q: LBC's beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P…

A: Prime cost means the addition of direct material and direct labor. Conversion cost means the…

Q: If the cost of goods sold is $100,000 and the ending finished goods inventory is$30,000 higher than…

A: Cost of goods manufactured: Cost of goods manufactured means total manufacturing costs; including…

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Cost of goods available for sale  = Opening stock of finished goods + Cost of goods manufactured

Q: Assume the following:   Purchases of raw materials $ 38,000 Indirect materials used in production $…

A: Direct materials are the materials or resources used in the production of a product that are…

Q: Product Cost Flows Complete the following T-accounts:   Materials Inventory   480       Answer…

A: Solution:- Preparation of T accounts as follows:- Working note:- (i)75 is a manufacturing overhead…

Q: he following information is available for Barnes Company for the fiscal year ended December 31:…

A: Absorption costing: Absorption costing is also called traditional costing. This method of costing…

Q: he following information is available for Barnes Company for the fiscal year ended December 31:…

A: Formula: Product cost = Direct materials cost + Variable cost + Fixed cost Sum of all direct…

Q: ABC Company produced 3,000 units and sold 2,500 units. Total fixed manufacturing overhead cost is…

A: Variable costing means that inventory is valued at variable manufacturing cost and fixed cost is…

Q: Ginobili Corp has the following information: Ending Beginning Inventory Inventory (12/31) Raw…

A: Cost sheet is a method of allocating total cost into different categories such as direct material…

Q: If the beginning finished goods -9 inventory 90 000 ID, ending finished goods inventory 65 000 ID ,…

A: The Numerical has covered the Concept of Cost of Goods Sold. The Cost of Goods sold refers the…

Q: the net sales 159 150 ID , beginning finished goods inventory 16 500 ID ,Cost of goods manufactured…

A: The Numerical has covered the concept of Gross Profit The Gross Profit is appeared in the Income…

Q: X Company had $90,000 of ending finished goods inventory, beginning finished goods inventory was…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: If the net sales 159 150 ID , beginning -1 finished goods inventory 16 500 ID „Cost of goods…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: If the beginning finished goods -9 inventory 90 00O ID, ending finished goods inventory 65 000 ID,…

A: Cost of goods sold:-It is the cost of producing goods which involve all direct cost whether fixed or…

Q: If Sales revenue is SR 26,000, beginning finished goods inventory is SR 8,000, ending finished goods…

A: Cost of goods sold: All the expenses that are incurred in making a product are called Cost of Goods…

Q: If the beginning finished goods -9 inventory 90 000 ID, ending finished goods inventory 65 000 ID ,…

A: As per the policy, we are supposed to solve one question at a time, Kindly repost the further…

Q: A firm had beginning finished goods inventory of 15,000; ending finished goods inventory of 20,000;…

A: Cost of goods manufactured = Cost of goods sold + Ending finished goods inventory - Beginning…

Q: A manufacturing company has a beginning finished goods inventory balance of $14,600, cost of goods…

A: Cost of Goods Sold=Beginning Finished Goods Inventory+Cost of Goods Manufactured-Ending Finished…

Q: X Company had $80,000 of ending finished goods inventory, beginning finished goods inventory was…

A: Cost of goods manufactured = Cost of goods sold + Ending inventory - Beginning inventory

Q: For each of the following unrelated companies, compute the cost of goods manufactured and the cost…

A: The cost of goods sold is the cost of producing those goods which have been sold during an…

Q: For each of the following independent cases A-D, compute the missing values: (Enter all amounts as…

A: Cost of Goods Manufactured = Beginning work in process inventory + Total current manufacturing costs…

Q: X Company had $90,000 of ending finished goods inventory, beginning finished goods inventory was…

A: Cost sheet is a method of allocating total cost into different categories such as direct material…

Q: Prime cost is 236000 OMR, and cost of production for the year is 258420 OMR Opening stock of work in…

A: Cost of goods available for sale = Cost if goods manufactured + Opening stock of finished goods

Q: The Cost of Goods Manufactured of Silver Corporation is P5,600,000. If the ending finished goods…

A: The cost of goods sold includes the cost of goods that are sold during the period.

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Given that, Prime cost is 236000 OMR cost of production for the year is 298420 OMR Opening stock of…

Q: May Company has ending finished goods inventory of P40,000.00, beginning finished goods inventory…

A: Solution..   Cost of goods manufactured = P120,000  Beginning finished goods inventory = P55,000…

Q: The following information pertains to a year’s operation of Linda & Co: Units produced…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Income statement for a manufacturing company  Two items are omitted from each of the following three…

A: Cost of goods sold means how much cost is belonging to goods that are being sold in the open market.

Q: Determine the cost of goods manufactured? (Answer in 3 decimal places. No long explanation needed.…

A: Solution..       Cost of goods manufactured  = Beginning work in process inventory + cost of goods…

Q: Product Cost Flows Complete the following T-accounts:   Materials Inventory   1,120       Answer…

A: Bookkeeping can be defined as the recording of financial (monetary) transactions on a regular basis.…

Q: If the beginning finished goods inventory 250 000 ID. prime cost 250 000 ID, ending finished goods…

A: The cost of goods sold, additionally alluded to as the expense of deals or cost of administrations,…

Q: LBC’s beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P…

A: The cost of goods manufactured includes the cost of goods manufactured and completed during the…

Q: Details Case A Beginning inventory, raw material Purchases of raw material 10000 Ending inventory,…

A: Direct material used is calculated as total materials available and further deducting ending…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Cost of production means total costs incurred for production and manufacturing of goods. It includes…

Q: Direct materials inventory at Beginning $9,000 Direct materials inventory at ending Work in process…

A: Cost of goods manufactured means the cost that is incurred to produce the goods during the given…

Q: May Company has ending finished goods inventory of P40,000.00, beginning finished goods inventory…

A: Solution..   Ending finished goods inventory = P40,000  Beginning Finished goods inventory = P55,000…

Q: If the net sales 159 150 ID , -1 beginning finished goods inventory 16 500 ID ,Cost of goods…

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Formula: Cost of goods available for sale = Beginning finished goods + cost of goods manufactured.

Q: 1. Answer the following questions by analysing the T-accounts given below Materials Inventory Work…

A: Variable cost: It is the cost that changes with the change in the level of units produce. It…

Q: If the beginning finished goods -9 inventory 90 000 ID, ending finished goods inventory 65 000 ID ,…

A: Cost of goods sold (COGS) refers to the cost including the costs which are directly related to the…

Q: Please complete the Income statement   Calculation of Direct Materials Used         (Analyze Raw…

A: Income statement The purpose of preparing the income statement to know the net income which are…

Q: According to the information given in the table below, which of the following is Cost of Production?…

A: Purchases = 120000 Factory overhead = 60% of purchases = 60% of 120000 = 72000 Direct labour = 87000…

Q: 1. Answer the following questions by analysing the T-accounts given below Materials Inventory Work…

A: The General records all the financial transactions of the Company which would affect two accounts.