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faust18 [17]
3 years ago
14

Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea Company for the most recent year using the amounts de

scribed next. Assume that Raw Materials Inventory contains only direct materials
(Click the icon to view the data )
Start the calculation for cost of goods manufactured by calculating the direct materials used
Blue Sea Company
Calculation of Direct Materials Used
For Current Year
Beginning raw materials inventory $ 27,000
Plus Purchases of direct materials 79,000
Materials available for use 106,000
Less: Ending raw materials iniventory 31,000
Direct materials used 75.000
Calculate the cost of goods manufactured.
Business
1 answer:
ehidna [41]3 years ago
5 0

Answer:

Calculate the cost of goods manufactured.

  • $243,800

Explanation:

manufacturing overhead = indirect labor ($46,000) + insurance of plant ($8,000) + depreciation of machines and equipment ($12,700) + repairs and maintenance ($4,100) =  $70,800

Beginning raw materials  = $27,000

+ Purchases of raw materials  =  $79,000

- Ending raw materials inventory  =  -$31,000

= Direct materials used in production   = $75,000

+ Direct labor   = $83,000

+ Manufacturing overhead  =  $70,800

= Total manufacturing costs  =  $228,800

+ Beginning work in process   = $43,000

- Ending work in process  =  -$28,000

= Cost of goods manufactured  = $243,800

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The correct answer is A The bank could sell the car.
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Answer:

See below

Explanation:

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4 0
3 years ago
Why is a business plan considered a living document?
steposvetlana [31]

Answer:

Explanation:

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15. The Eller Mutual Fund had a Net Asset Value (NAV) per share of $17.50 on January 1, 2019. On December 31, 2019 the fund’s NA
klio [65]

Answer:

The rate of return is 21.26%

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Before calculating the return in percentage terms, it would be more appropriate to start with computing the return on the mutual fund in dollars ' terms.

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Net Asset Value on 1 January 2019                    ($17.50)

return  on NAV                                                      $1.97

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Capital gains distributions                                     $1.00

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7 0
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