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
nordsb [41]
3 years ago
12

Bailey Corp. has the following information: Beginning Inventory (Jan 1) Ending Inventory (Dec 31) Raw Materials Inventory $ 25,3

00 $ 39,100 Work in Process Inventory $ 24,100 $ 26,600 Finished Goods Inventory $ 39,000 $ 21,900 Additional information for the year is as follows: Raw materials purchases $ 106,100 Direct labor $ 81,600 Manufacturing overhead applied $ 87,000 Indirect materials $ 0 Compute the cost of goods manufactured.
Business
1 answer:
Amanda [17]3 years ago
4 0

Answer:

See below

Explanation:

The cost of goods manufactured is computed as;

Beginning inventory

$25,300

Add ;

Raw materials purchases

$106,100

Cost of goods available for sale

$131,400

Less:

Ending inventory

$39,100

Cost of goods sold

$92,300

Add:

Beginning work in process

$24,100

Less:

Ending work in process

($26,600)

Cost of goods manufactured

$89,800

You might be interested in
When you first start out you should expect to make less money than you will later because?
Nady [450]
Well due to lack of effective advertising and no expertise or experience in the field you shouldn’t expect major profit.However when you get more experienced and build a name for your company you will make more profits.
You can get more share capital ect
6 0
3 years ago
Some financial experts recommend people create their personal budgets as follows: 50% on
AURORKA [14]

Answer: 592.614

Explanation:

She should spend 592.614 on wants because 592.614 is 30% of 1975.38

8 0
3 years ago
The _______ is the act of Limiting the amount of certain goods that civilians can buy
Drupady [299]

Rationing is is the act of Limiting the amount of certain goods that civilians can buy. Rationing became common during the Second World War. Ration stamps were often used. These were redeemable stamps or coupons, and every family was issued a set number of each kind of stamp based on the size of the family, ages of children and income.

7 0
3 years ago
The debt created by a business when it borrows from a vendor or supplier is called a(n):
Tatiana [17]

Answer: Account payable

Explanation:

 The account payable is one of the type of department which track all the expenditures, purchasing order statement and the payment.

The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.  

According to the given question, the debt basically created by the business during the process of borrows  from the supplier or the vendors is known as the account payable.  

3 0
2 years ago
Read 2 more answers
Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in rea
vladimir1956 [14]

Answer:

Consider the following explanations

Explanation:

Q1.) the short run fluctuations in the real GDp is known as the business cycles.

Q2.)yes , it is true that Short-term fluctuations in real GDP are irregular and unpredictable.

Q3.) A decrease in real GDPcoincide with declining personal income, and falling corporate profits. As incomes decline consumer spending also decline on retail goods and services and on durable goods, such asautomobiles. Households also contribute to declining investment expenditures by purchasing fewernew homes. As households spend less on products, firms cut back on industrial production and curbinvestment expenditures on physical capital.The unemployment rate tends to rise during periods of falling real GDP as firms cut back on productionand lay off workers. The unemployment rate tends to fall during economic expansions as firms expands production and hire additional workers.

5 0
3 years ago
Other questions:
  • All else equal, a firm would prefer to have a higher gross margin. <br> a. True <br> b. False
    12·1 answer
  • If an individual orders an alcoholic beverage In a private club and is determined not to be a current club member what should th
    8·2 answers
  • Which of the following statements about the waiver-of-premium provision in life insurance is true?
    6·1 answer
  • From the appearance of the utility function, we know that 2 a. Britney is risk averse. b. Britney gains less satisfaction when h
    15·1 answer
  • When does perfect competition achieve​ efficiency? Perfect competition achieves efficiency if​ _______.
    8·1 answer
  • Number each of the following steps from 1 to 7 to identify the steps needed to reconcile a bank statement. (The model in the pre
    6·1 answer
  • Create a conversational but professional tone in letters, e-mail messages, instant messages, and memos by Group of answer choice
    9·1 answer
  • Which of these emotions are personal benefits of work?
    11·2 answers
  • When the direct write-off method is used, an entry for bad debt expense is required Multiple choice question. when each sale is
    12·1 answer
  • Breton Woods Standards were found to be inadequate mainly because?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!