The following information is available for Aricanly Manufacturing Company for the month ending January 31: Cost of goods manufactured $3,606,000 Selling expenses 426,000 Administrative expenses 273,000 Sales 5,300,000 Finished goods inventory, January 1 707,000 Finished goods inventory, January 31 622,000 Question Content Area a. For the month ended January 31, determine Aricanly’s cost of goods sold. Aricanly Manufacturing CompanyCost of Goods SoldJanuary 31 $- Select - - Select - $- Select - - Select - $- Select - Question Content Area b. For the month ended January 31, determine Aricanly’s gross profit. Aricanly Manufacturing CompanyGross ProfitJanuary 31 $- Select - - Select - $- Select - Question Content Area c. For the month ended January 31, determine Aricanly’s net income. Aricanly Manufacturing CompanyNet IncomeJanuary 31 $- Select - Operating expenses: $- Select - - Select - Total operating expenses fill in the blank c60dd903e06a01a_7 $- Select -
The following information is available for Aricanly Manufacturing Company for the month ending January 31: Cost of goods manufactured $3,606,000 Selling expenses 426,000 Administrative expenses 273,000 Sales 5,300,000 Finished goods inventory, January 1 707,000 Finished goods inventory, January 31 622,000 Question Content Area a. For the month ended January 31, determine Aricanly’s cost of goods sold. Aricanly Manufacturing CompanyCost of Goods SoldJanuary 31 $- Select - - Select - $- Select - - Select - $- Select - Question Content Area b. For the month ended January 31, determine Aricanly’s gross profit. Aricanly Manufacturing CompanyGross ProfitJanuary 31 $- Select - - Select - $- Select - Question Content Area c. For the month ended January 31, determine Aricanly’s net income. Aricanly Manufacturing CompanyNet IncomeJanuary 31 $- Select - Operating expenses: $- Select - - Select - Total operating expenses fill in the blank c60dd903e06a01a_7 $- Select -
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 1CP
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Question
The following information is available for Aricanly Manufacturing Company for the month ending January 31:
Cost of goods manufactured | $3,606,000 |
Selling expenses | 426,000 |
Administrative expenses | 273,000 |
Sales | 5,300,000 |
Finished goods inventory, January 1 | 707,000 |
Finished goods inventory, January 31 | 622,000 |
Question Content Area
a. For the month ended January 31, determine Aricanly’s cost of goods sold.
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$- Select - |
|
- Select - |
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$- Select - |
|
- Select - |
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$- Select - |
Question Content Area
b. For the month ended January 31, determine Aricanly’s gross profit.
|
$- Select - |
|
- Select - |
|
$- Select - |
Question Content Area
c. For the month ended January 31, determine Aricanly’s net income.
|
$- Select - | |
Operating expenses: | ||
|
$- Select - | |
|
- Select - | |
Total operating expenses | fill in the blank c60dd903e06a01a_7 | |
|
$- Select - |
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