May i know the correct answers for both of it 1. Direct Labor + Factory Overhead =2. Raw Materials Inventory, beg.Purchases - Freight in =3. Direct Materials + Direct Labor +Factory Overhead =4. Raw Materials Available for UseRaw Materials Inv., end =5. SalesCost of Goods Sold =6. Gross ProfitExpenses =7. Direct Materials + Direct Labor =8. WIP, beg. + Manufacturing Costs =9. FG, beg. + Cost of Goods Manufactured =10. Goods Placed in ProcessWIP, end =CHOICES:A Manufacturing CostB Raw Materials UsedC Gross ProfitD Net Income (Loss)E Prime costF Goods Placed in ProcessG Cost of Goods ManufacturedH Conversion CostIRaw Materials Available for UseJMerchandise Available for SaleKCost of Goods SoldL Net SalesM Raw Materials Inv., beginningN Raw Materials Inv., endO Work - in - Process Inv., beginningWork - in - Process Inv., endQ Finished Goods Inv., beginningR Finished Goods Inv., endP 1. Merchandise Available for Sale- FG, end =2. Sales(Sales Returns and Sales Discount) =%3D3. Cost of Goods Manufactured + WIP, end =4. Cost of Goods Sold + FG, end =5. Merchandise Available for SaleCost of Goods Manufactured =6. Goods in ProcessManufacturing Cost =%3D7. Merchandise Available for SalesFG, beginning =%3D8. Goods in ProcessWIP, beginning =%3D9. Gross Profit +Cost of Goods Sold%3D10. Net IncomeExpenses =%3DСHOICES:A Manufacturing CostB Raw Materials UsedC Gross ProfitD Net Income (Loss)E Prime costF Goods Placed in ProcessG Cost of Goods ManufacturedH Conversion CostIRaw Materials Available for UseJ Merchandise Available for SaleK Cost of Goods SoldL Net SalesM Raw Materials Inv., beginningN Raw Materials Inv., endO Work - in - Process Inv., beginningWork - in - Process Inv.,endQ Finished Goods Inv., beginningR Finished Goods Inv., end

As per rule, allowed to answer one question at a time and post the remaining in the next submission.

Answered: fit - Expenses = aterials Direct Labor…

Business

Accounting

fit - Expenses = aterials Direct Labor = Manufacturing Costs = Cost of Goods Manufactured : WTD

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.1KTQ: Merchandise Accounting Merchandise Inventory Raw materials Work in process Finished goods Gross...

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