Please asssist me with accounting answers- i need practice, plase explain if applicable for the answers. (Not graded Question) Administrative salaries (non-factory) $140,000 Administrative rent (non-factory) 70,000 Advertising and promotion expense 82,000 Depreciation-administrative 44,000 Depreciation-factory 60,000 Depreciation-selling 34,000 Direct labor 350,000 Factory rent 36,000 Factory supplies used 24,000 Finished goods inventory (January 1) 114,000 Finished goods inventory (December 31) 104,000 Indirect material used 28,000 Indirect labor 38,000 Materials inventory (January 1) 26,000 Materials inventory (December 31) 40,000 Net delivered cost of materials purchased 276,000 Other factory overhead 52,000 Sales 1,690,000 Sales salaries expense 144,000 Work in process inventory (January 1) 36,000 Work in process inventory ( December 31) 62,000 Bourne Manufacturing Company Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016 Direct material: Beginning materials inventory Answer Answer Answer Cost of material available Answer Less: Answer Answer Total materials used Answer Less: Answer Answer Direct material used Answer Direct labor Answer Manufacturing overhead Indirect material Answer Indirect labor Answer Factory supplies used Answer Factory depreciation Answer Factory rent Answer Answer Answer Total manufacturing overhead Answer Total manufacturing costs for the year Answer Add: Answer Answer Total cost of work in process during the year Answer Less: Answer Answer Cost of goods manufactured Answer Add: Answer Answer Cost of goods available for sale Answer Less: Answer Answer Cost of goods sold Answer

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please asssist me with accounting answers- i need practice, plase explain if applicable for the answers. (Not graded Question)

Administrative salaries (non-factory)	$140,000
Administrative rent (non-factory)	70,000
Advertising and promotion expense	82,000
Depreciation-administrative	44,000
Depreciation-factory	60,000
Depreciation-selling	34,000
Direct labor	350,000
Factory rent	36,000
Factory supplies used	24,000
Finished goods inventory (January 1)	114,000
Finished goods inventory (December 31)	104,000
Indirect material used	28,000
Indirect labor	38,000
Materials inventory (January 1)	26,000
Materials inventory (December 31)	40,000
Net delivered cost of materials purchased	276,000
Other factory overhead	52,000
Sales	1,690,000
Sales salaries expense	144,000
Work in process inventory (January 1)	36,000
Work in process inventory ( December 31)	62,000

Bourne Manufacturing Company Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016
Direct material:
Beginning materials inventory	Answer
Answer	Answer
Cost of material available	Answer
Less:	Answer	Answer
Total materials used	Answer
Less:	Answer	Answer
Direct material used		Answer
Direct labor		Answer
Manufacturing overhead
Indirect material	Answer
Indirect labor	Answer
Factory supplies used	Answer
Factory depreciation	Answer
Factory rent	Answer
Answer	Answer
Total manufacturing overhead		Answer
Total manufacturing costs for the year		Answer
Add:	Answer		Answer
Total cost of work in process during the year		Answer
Less:	Answer		Answer
Cost of goods manufactured		Answer
Add:	Answer		Answer
Cost of goods available for sale		Answer
Less:	Answer		Answer
Cost of goods sold		Answer