The following data on materials purchased and issued during the month of June were shown: the cost of materials issued to production (under FIFO method) should be: 2.Of the following costs, how much is the total product/manufacturing costs? Direct Labor> P 50,000. Factory Rent >P 10,000. Indirect Labor >P10,000 . Salaries of Factory Supervisor >P35,000. Factory supplies used >P 5,000. Indirect Materials >P15,000. Direct Materials >P45,000. Salary of sales >P35,000. Insurance of Machineries >P 12,000. 3. Of the following costs, how much is the prime cost?

The following data on materials purchased and issued during the month of June were shown: the cost of materials issued to production (under FIFO method) should be: 2.Of the following costs, how much is the total product/manufacturing costs? Direct Labor> P 50,000. Factory Rent >P 10,000. Indirect Labor >P10,000 . Salaries of Factory Supervisor >P35,000. Factory supplies used >P 5,000. Indirect Materials >P15,000. Direct Materials >P45,000. Salary of sales >P35,000. Insurance of Machineries >P 12,000. 3. Of the following costs, how much is the prime cost?

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 4.7C

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PROBLEM 11: The following information has been extracted from the records of CCCCompanyabout one of its products: Number Unit Date Transaction of Units Cost 1/1 Beginning balance 1,600 P 14.00 1/6 Purchased 600 14.10 2/5 Sold at P24.00 per unit 2,000 3/19 Purchased 2,200 14.70 3/24 Purchase returns 160 14.70 4/10 Sold at P24.20 per unit 1,400 6/22 Purchased 16,800 15.00 7/31 Sold at P26.50 per unit 3,600 8/4 Sales returns at P26.50 per unit 40 9/4 Sold at P27 per unit 7,000 11/15 Purchased 1,000 16.00 12/28 Sold at P30 per unit 6,200 Compute for the closing inventory and cost of sales under the FIFO periodic methodandthe FIFO perpetual method. Compute for the closing inventory and cost of sales under the weighted averageperiodic method and the moving average method. Compute for the closing inventory and cost of sales under the LIFO periodic methodandthe LIFO perpetual method.
vurnng uie ITOTIT OI Jaliuat y, ve VIU LUIIPally WICIT uses a perpCludi iiventury system recorded the following information: Units Units Cost Total Cost Units On Hand 1,000,000 1.800,000 10,000 16,000 Balance on 1/1 10,000 100 Purchased on 1/7 6,000 300 7.000 11.000 Sold on 1/20 9,000 Purchased 1/25 4,000 50 2.000,000 Under the moving average method, what amount should De Oro report as inventory on lenuany 31?
stions | bartleby G How many units must be in... My Home CengageNOWv2| Onlin eBook How many units must have been completed and transferred if beginning inventory was 79,000 units, ending inventory was 76,000 units, and 295,000 units were started? Units completed and transferred
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Assess google-Bing com orms/d/e/TEAlpQLSe0Fn/ O5m foo CSEAKMUW F-TarKOTstRVX4bz MRQkg Use the following to answe he three questions below X Company reported the following year-end information: Beginning Raw Mate s Inventory S60.000 Ending Raw Materials inventory 90,000 Beginning Work in Process Inventory 113.000 Ending Work in Process Inventory 180,000 Raw Materials purchased 200,000 Direct Labor 210,000 Manufacturing Overhead 490,000 Selling and Administrative Expenses 157.000 Refer to the above, what was the cost of raw materials used?* $260,000 $170,000 $140,000 O None of the above
PROBLEM 11: The following information has been extracted from the records of CCC Company about one of its products: Number Unit of Units Date 1/1 1/6 2/5 Transaction Beginning balarce Purchased Sald at P24.C0 par unit Cost F 14.00 1,600 600 14.10 2.000 3/19 Purchcsed 2,200 14.70 3/24 4/10 6/22 !131 Purchose returns 160 1,400 16,800 14./0 Sold at P24.20 per unit Purchosed 15.00 Sold at P26.50 per unit Sales returns at P25.50 per unit 3,600 40 8/4 9/4 Sold at P27 per unit 7,000 11/15 12/28 Purchased 1,000 6.200 16.00 Sald at P30 per unit 12. Compute for the closing inventory and cost of sales under the FIFO peiodic method ard the FIFO perpetual method. 13. Compute for the closing inventory and cost of saes under the weighted averaçe periodic method and the mɔving averoge method. 14. Compute for the closing inventory and cost of sales under the LIFO periodic method ard the LIFO perpetual method.
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npt=13483808&cmid%3D701919&page%3D1 services SQU Libraries SQU Portal Attendance English ial Accounting || fall20 urses / ACCT2121_yasserg_fall20 / Midterm Exam One_FALL2020 XYZ Company developed the following data for the current year: Ending work in process inventory OMR250,000 ; Direct materials used OMR96,000; Manufacturing Overhead applied OMR144,000 ; Cost of goods manufactured OMR350.000 ; Direct labor cost OMR240,000. Company's beginning work in process inventory is Select one: a. OMR580.000 b. None of the answers given Oc.OMR145,000 d OMR120,000 e. OMR380.000 Alis a student at the Unver
Answers A. 59,625 units B. 58,313 units C. 52,563 units D. 57,000 units
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