Hat are the costs of goods sold in september

Assignment Help Financial Accounting
Reference no: EM132878615

V Inc., incurred the following costs in September 2020:

Direct materials $214236

Direct labour $372556

Variable factory overhead $213577

Variable SG&A $123928

Fixed factory overhead $159107

Fixed SG&A $222043

The company's inventory levels are as follows:

September 1 / September 30

Direct Materials $49176 / $53310

Work in Process $82641 / $71303

Finished Goods $56238 / $99516

Problem 1: What are the Costs of Goods Sold in September?

Reference no: EM132878615

Questions Cloud

Negative impact of dubai fast development : Discuses the negative impact of Dubai fast development on the emeriti identity and culture and society environmental footprint
Prepare Sarjit journal entry to record the sale of software : Sarjit Systems sold software to a customer for $166,000. Prepare Sarjit's journal entry to record the sale of the software
Human resource training programmed suitable : a. Having completing human resource management module please identify, critique and evaluate the importance of what you have learned. my answer must be in relat
Virtual organizations : Differentiate at least two or three key elements for each of the four primary forecasting techniques and how they apply to your chosen organization
Hat are the costs of goods sold in september : hat are the Costs of Goods Sold in September? Variable factory overhead $213577. Direct materials $214236. Fixed factory overhead $159107
What is the amount of the dividend : What is the amount of the dividend (without considering the dividend received deduction) that Carter Corporation must pay tax on
Strengths and weaknesses of the advertisements : "assess their suitability/effectiveness against a number of criteria including company branding, matching people, environment & jobs, clarity, job description,
Process group and knowledge area matrix : Using the Excel template provided, review the Process Group and Knowledge Area matrix.
Identify concrete action items that will support goal : Identify concrete action items that will support your goal to deepen your personal learning experience in the coming year. Professional and personal development

Reviews

Write a Review

Financial Accounting Questions & Answers

  What each ratio and piece of financial data means

What each ratio and piece of financial data means and explain the trends in each; are they increasing or decreasing and is this trend positive or negative for the firm and why?

  Identify and justify alternative depreciation method

As the senior accountant at JB Hi-Fi the management has requested you to depreciate the system over 10 years with a $4 million residual value using the straight line method.

  Prepare the income statement for jadatech industries

Prepare the Income Statement for JadaTech Industries. Calculate the retained earnings if a dividend of $67,200 was paid during the year.

  Determine the gross profit rate

Financial information is presented below: Operating expenses $62000 and Sales returns and allowances 2000. Determine the gross profit rate

  Skepticism is attitude that includes questioning mind

SAS No. 99 indicates that auditors must be skeptical. Skepticism is an attitude that includes a questioning mind and a critical assessment of audit evidence. SAS No. 99 instructs auditors to question management about possible fraud.

  What is the depreciation charge for the first year

A machine was purchased for $30,000. Shipping charges were $600 and install was $400. It has a useful life of 8 years. At the end of 8 years it will require $900 of dismantling charges to be sold for $6,000. What is the depreciation charge for the fi..

  Expenses and changes in net assets for the year ended

The following Statement of Cash Receipts and Disbursements was prepared by the bookkeeper of the City of Brookdale City Museum of Science. The museum is a component unit of the City of Glass City and must be included in the city’s financial statement..

  Advise mr executive, from an income tax perspective

Advise Mr Executive, from an income tax perspective only (i.e. taxable income), whether he should opt for the two company cars or for the travel allowance from Superior.

  Prepare appropriate entries for maker from the beginning

Prepare appropriate entries for both Imaging Group and Easy Leasing from the beginning of the lease through the second rental payment on April 1, 2021.

  How much did broker bob receive

30 year term, 5 percent interest and pays 2 discount points. The two brokers equally share the commission. How much did Broker Bob receive?

  How would he record the entry

Based on accrual accounting, which month should Henry record the inventory purchase (January or February)? How would he record the entry

  What were the three types of real estate private equity

What were the 3 types of real estate private equity vehicles discussed? What is the primary risk type pursued by illiquid open funds

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