Find cost of goods sold should be

Assignment Help Managerial Accounting
Reference no: EM132510060

The following data pertain to the Northwest Co.:

Materials inventory, 1/1/19 $20,000

Materials inventory, 12/31/19 30,000

Materials purchases 140,000

Work in process inventory, 1/1/19 40,000

Work in process inventory, 12/31/19 34,500

Direct labor 162,000

Manufacturing overhead 143,000

Finished goods inventory, 1/1/19 90,000

Finished goods inventory, 12/31/19 74,000

Question 1: Find Cost of goods sold should be:

Reference no: EM132510060

Questions Cloud

What amount of sales would be required for a net income : $120,000 produces a product with variable costs of $16 per unit and a selling price of $24. What amount of sales would be required for a net income of $60,000?
What was the contribution margin ratio : ABC Company's sales were $240,000 for 2016. Fixed costs were $80,000 and variable costs were $180,000. What was the contribution margin ratio?
Calculate the wacc of company : Assume a cost of debt of 4%, a return on equity requirement of 8% and a tax rate of 20%. The company is able to deduct interest on debt for tax purposes.
Calculate the expected return on the shares : Calculate the expected return on the shares, assuming a risk-free interest rate of 1% p.a. and the market assumption for future stock market returns is 6%.
Find cost of goods sold should be : Find Cost of goods sold should be. The following data pertain to the Northwest Co Materials inventory, 1/1/19,Materials inventory, 12/31/19.
Portfolio consisting of intel portfolio beta : You put $24,000 in Intel, $16,000 in GE, and the rest in Con Edison. Intel, GE, and Con Edison have betas of 1.3, 1, and .8, respectively. What is your portfoli
Find the amount of overhead applied to production was : Actual results for 2019 were costs of $700,000. The company produced 650,000 units. The amount of overhead applied to production was
Find the amount of applied manufacturing overhead will be : $22,500, actual overhead costs are $20,000 and estimated labor hours are 50,000, then the amount of applied manufacturing overhead will be
What is the cost of ending inventory under the fifo method : What is the cost of ending inventory under the FIFO method of inventory costing using the periodic inventory procedure? A dealer started the year with 2 model

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd