subject
Business, 21.04.2020 20:19 yungkxng57

Donald, Inc. produces protective covers for cell phones. For last year, the company reported the following: Work in process inventory, January1 $13, 250 Work in process inventory, December 31 28, 250 Finished Goods Inventory, January 1 113,000 Finished Goods Inventory, December 31 85,000 Direct Materials Inventory, January 1 3,450 Direct Materials Inventory, December 31 2,700 Direct Materials Purchased 183,750 Direct Labor 138,000 Plant Depreciation 19,500 Salary, Production Supervisor 47,000 Indirect Labor 68,300 Utilities, Factory 15,700 Sales Commissions 42,000 Salary, Sales Supervisor 75,000 Depreciation, Factory Equipment 32,000 Administrative Expenses 168,000 Supplies (40% used in the factory, 60% used in the sales office) 18,000 Advertising Expense 43,600 Last year, the company produced 89,000 units and sold 90,500 units at $10.50 per unit Required: 1) Determine the cost of goods sold for the last year

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 16:30
Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor issues including wages.true or false?
Answers: 3
question
Business, 21.06.2019 20:30
The federal act which provided over $7 billion to the epa to protect and promote "green" jobs and a healthier environment is the - national environmental policy act. - resource recovery act.- resource conservation and recovery act.- american recovery and reinvestment act. - clean air act.
Answers: 1
question
Business, 21.06.2019 21:00
Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability
Answers: 2
question
Business, 22.06.2019 13:50
Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths
Answers: 1
You know the right answer?
Donald, Inc. produces protective covers for cell phones. For last year, the company reported the fol...
Questions
question
Mathematics, 05.01.2021 21:20
question
Mathematics, 05.01.2021 21:20
question
Mathematics, 05.01.2021 21:20
question
Mathematics, 05.01.2021 21:20
question
Mathematics, 05.01.2021 21:20
question
English, 05.01.2021 21:20
Questions on the website: 13722366