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marta [7]
3 years ago
14

Laflin Company reported the following year-end information: Beginning work in process inventory$1,080,000 Beginning raw material

s inventory300,000 Ending work in process inventory900,000 Ending raw materials inventory480,000 Raw materials purchased960,000 Direct labor900,000 Manufacturing overhead720,000 Laflin Company's cost of goods manufactured for the year is Select one: a. $2,400,000 b. $2,580,000 c. $2,220,000 d. $2,760,000
Business
1 answer:
melomori [17]3 years ago
3 0

Answer:

b. $2,580,000

Explanation:

The formula and the computation of the cost of goods manufactured is shown below:

= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory

= $780,000 + $900,000 + $720,000 + $1,080,000 - $900,000

= $2,580,000

The direct material used is

= Beginning raw material inventory + purchase made - ending raw material inventory  

= $300,000 + $960,000 - $480,000

= $780,000

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Answer:

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So we must first calculate the Net Income for the second year using the Profit and Loss Statement format:

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Net Income              $105,270

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3 years ago
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Answer:

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Country A's population 2,000, worked 1,300 with 8 hours a day with a productivity of 5 = 52,000 units of something produced. GDP per capita = 52,000 / 2,000 = <u>26 per capita</u>

Country B's population 2,500, worked 1,700 with 8 hours a day with a productivity of 4 = <u>54,400 units</u> of something produced. GDP per capita = 54,400 / 2,500 = 21.76 per capita

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