Answer:
Cost of manufactured period=  $221000
Explanation:
We need to calculate the production during the period.
Cost of manufactured period= Beginning work in progress inventory+ direct materials + direct labor + factory overhead - ending work in progress
Beginning work in progress= $38000 
Cost of raw materials= beginning inventory + purchase - ending inventory= 28000 + 70000 - 33000= $65000
Direct labor= 80000 
Manufactured overhead=38000 
Ending work in progress= 0
Cost of manufactured period= 38000 + 65000 + 80000 + 38000= $221000
 
        
             
        
        
        
Answer:
46.67%
Explanation:
Gross margin is the ratio of gross profit to the total sales. The gross profit is the difference between the sales and cost of goods sold. Other cost given such as land and selling and distribution cost make up assets and  operating expenses respectively.
Hence 
Gross profit = $30,000 - $16,000
= $14,000
Gross margin = $14,000/$30,000
= 0.4667
The company's gross margin is 46.67%.
 
        
             
        
        
        
Answer:
a. $135,845.77
b. $79,154.23
Explanation:
 The computation of the basis is shown below:
a. For Land 
= Total value of the property × land appraised value ÷ Total appraisal value
= $215,000 × $158,750 ÷ $251,250
= $135,845.77
b. For warehouse
= Total value of the property × warehouse appraised value ÷ Total appraisal value
= $215,000 × $92,500 ÷ $251,250
= $79,154.23
The total appraisal value is 
= $92,500 + $158,750
= $251,250
 
        
             
        
        
        
Answer:
$5,220
Explanation:
The computation of the bad debt expense for the period end adjustment is shown below:
= Allowance of bad debts + credit balance of  Allowance for Doubtful Accounts
where, 
Allowance of bad debts = 2% × $249,000 = $4,980
And, the credit balance of  Allowance for Doubtful Accounts is $240
Now put these values to the above formula  
So, the value would equal to
= $4,980 + $240
= $5,220
The journal entry is shown below:
Bad debt expense A/c Dr $5,220
    To Allowance for Doubtful Accounts $5,220
(Being bad debt is recorded)