1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
viva [34]
3 years ago
13

Given the following information, determine the cost of goods manufactured and the cost of goods sold for the year ended December

31, 20X9.
Direct labor incurred $126,000
Manufacturing overhead incurred 359,000
Direct materials used 271,000
Finished goods inventory, 1/1/20X9 395,000
Finished goods inventory, 12/31/20X9 442,000
Work in process inventory, 1/1/20X9 193,000
Work in process inventory, 12/31/20X9 218,000
Business
1 answer:
natulia [17]3 years ago
4 0

Answer:

$731,000 and $684,000

Explanation:

The computations are shown below:

For cost of goods manufactured    

= Direct materials used + Direct labor cost + Manufacturing overhead incurred + opening work-in-process inventory - closing work-in-process inventory    

= $271,000 + $126,000 + $359,000 + $193,000 - $218,000

= $731,000

For cost of goods sold

= Opening finished goods Inventory + Cost of goods manufactured - Ending finished goods Inventory

= $395,000 + $731,000 - $442,000

= $684,000

You might be interested in
when rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of:
Kryger [21]

Answer:

Slow industry growth

Explanation:

Slow industry growth is the growth that shows the industry at a slow rate or no growth is there.

It could arise when the consumer does not opt for a high demand

In the given situation, it is mentioned that when competitive firms aggressively trying to attract the customers of competitors so this is an indication of the slow economic growth and hence, the same is to be considered

5 0
3 years ago
Listed below are several document terms. Match each term with the corresponding statement in the list provided. Some terms may b
GrogVix [38]

Answer:

1. The raw materials record

is a control for the materials stored in the storeroom. In order to get direct​ materials, a(n) materials requisition

must be presented.

2. Before production​ begins, the​ manufacturer's purchasing department issues purchase orders

to its supplier for needed direct materials.

3. A(n) receiving report

is typically a duplicate of the purchase order but without the quantity​ pre-listed on the form.

4. The bill of materials

is like a list of ingredients in a​ recipe, stating the materials needed to produce a product.

5. A(n) job cost record

is used to accumulate all of the costs affiliated with each job.

6. All direct laborers in the factory fill out​ a(n)

labor time record.

7. The accounting department will not pay​ a(n)

invoice unless it agrees with the quantity of parts both ordered and received.

8. Each item in the raw materials storeroom has its own raw materials record.

Explanation:

1. The raw materials record

is a control for the materials stored in the storeroom. In order to get direct​ materials, a(n) materials requisition

must be presented.

2. Before production​ begins, the​ manufacturer's purchasing department issues purchase orders

to its supplier for needed direct materials.

3. A(n) receiving report

is typically a duplicate of the purchase order but without the quantity​ pre-listed on the form.

4. The bill of materials

is like a list of ingredients in a​ recipe, stating the materials needed to produce a product.

5. A(n) job cost record

is used to accumulate all of the costs affiliated with each job.

6. All direct laborers in the factory fill out​ a(n)

labor time record.

7. The accounting department will not pay​ a(n)

invoice unless it agrees with the quantity of parts both ordered and received.

8. Each item in the raw materials storeroom has its own raw materials record.

7 0
4 years ago
Managers at Eller Manufacturing are considering purchasing a new refrigerated delivery truck that Adaptive Practice Managerial,
juin [17]

Answer:

C) 10%

Explanation:

($144,000 + $12,780)/$36,000 = 4.355

6 0
4 years ago
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:When
igomit [66]

The correct option is (e) All of the above.

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include all the statements which are given in the question.

<h3>What is vulnerable subject in research study?</h3>

Vulnerable subject populations are regarded as groups of people who may be particularly vulnerable to pressure or improper influence. These include: minors and children. people with cognitive impairment.

There are many possible ways to define who is vulnerable in the research context. Some would include the following:

  • those who are ill (dependent on clinician for care),
  • ethnic or racial minorities
  • English speakers
  • children
  • the economically disadvantaged
  • adults with diminished capacity

Social, cognitive, environmental, emotional, and military vulnerability are a few examples.

Vulnerability is a notion that connects how individuals interact with their environment to the social forces, institutions, and cultural values that support and oppose risks and disasters.

To know more about research study, here

brainly.com/question/14595095

#SPJ4

The complete question is -

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:

(a) The employer may encourage or deny participation of workers

(b) Employees may experience pressure from management to participate in the study because the employer perceives the study to be advantageous to the organization.

(c) Unions may encourage employees to participate with the expectation that "entitlements" may follow from study results

(d)The research study's finding could affect an employee's pay, benefits or promotion potential.

(e) All of the above.

4 0
2 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $550,000. In addition to the purchase price, FVI makes the followi
maw [93]

Answer:

Land 594,500

Explanation:

We must include all cost necessary to acquire the land and lelave it ready to use.

But, the demolition cost are associate with the old warehouse thus, as thsis asset is being destroyed It will be considered period cost, It will not be capitalized through land.

Acquisition cost    550,000

broker commission 35,000

title insurance            2,500

closing cost       <u>         7,000   </u>

Total cost               594,500

8 0
4 years ago
Other questions:
  • John is a low-level employee at an accounting firm. In his duty as an employee at the firm, John forges documents and signatures
    13·1 answer
  • The Phillips curve exhibits A. the situation where cyclical unemployment becomes zero. B. the relationship between the unemploym
    13·2 answers
  • A duopolists' dilemma occurs when two firms in a market would be better off if
    15·1 answer
  • Birds Unlimited has an accounts payable period of 60 days. The firm has expected sales of $17,800, $22,100, $24,400 and $28,800,
    15·1 answer
  • Why is it important to have a positive credit history when using credit to purchase an automobile ?
    10·1 answer
  • On January 1, 2016, the Shagri Company began construction on a new manufacturing facility for its own use. The building was comp
    7·1 answer
  • Suppose a combination of population growth and rising incomes increases both the demand for and the price of housing. In respons
    9·1 answer
  • 1. How does Cobley connect the ideas of brands and force? What is his point about<br><br> brands?
    14·1 answer
  • NbADBGLKvb.ka Dvhb.wrkbvkrh.hbk.cS
    10·2 answers
  • You are an underwriter for ABC Insurance. You receive a life insurance proposal for medical insurance with premium payment. The
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!