User Account

All Pages

How much was the increase or decrease in finished goods

Assignment Help Financial Accounting
Reference no: EM132855046

Problem - Square Rollers provided the following list of cost data related to its manufacturing operations for the month of October 20X5.

Beginning raw materials inventory €2,416,000

Raw materials purchased €5,863,750

Ending raw materials inventory €2,045,500

Direct labor costs €805,750

Indirect materials €313,750

Indirect labor €222,250

Factory utilities and maintenance €1,140,000

Factory depreciation €141,500

Another factory related to overhead €61,000

Beginning work in process €1,942,500

Ending work in process €1,792,500

Required -

(a) Calculate the cost of goods manufactured.

(b) If Square Roller's cost of goods sold for the month was $10,000,000, how much was the increase or decrease in finished goods inventory for the month of October?

Reference no: EM132855046

Questions Cloud

What is Panda book value of equity in the net assets : Skunk's stockholders' equity immediately before the investment by Panda consisted of $3,000,000 of common stock. What is Panda book value of equity
What amount of note payable should Matilda report : In its December 31, 2019 balance sheet, what amount of note payable should Matilda report as a current liability
Construct appropriate frequency distribution : Consider a sample of MBA graduates, whose first salaries (in $1,000 per annum) after graduating were as follows.
Describe the interface model of scrollbar : Consider a vertical scroll bar of a web browser or word processor for each of Norman's five principals below give one way that the scrollbar uses
How much was the increase or decrease in finished goods : If Square Roller's cost of goods sold for the month was $10,000,000, how much was the increase or decrease in finished goods inventory for the month of October
Find the percentage of students who learn the basics : Using the empirical rule, find the percentage of students who learn the basics of this word processor in 160 to 240 minutes,
What is meant by a forfeited shares reserve : What is meant by a forfeited shares reserve? What does it mean if a company has created a forfeited share reserve
Measure the data set of responses for specific question : Which statistical concept should be used to measure the data set of responses for each specific question?
What would you expect to happen to his firms profitability : Explain to the manager, what would you expect to happen to his firm's profitability (ROA) if Liquidity (Current Ratio) was to decrease by 5%

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find which transactions of corley limited is not use of cash

Find which transactions of Corley Limited is not a use of cash? Which of the following would cause an imbalance in the accounting equation?

  Capital investment decision-payback period method

Eco Wet, Inc., a manufacturer of gears for lawn sprinklers, is thinking about add- ing a new fully automated machine. This machine can produce gears that the com- pany now produces on its third shift. The machine has an estimated useful life of ten y..

  Using the information from the present value analysis

Wisconsin Warning Co. issued $5,000,000 of five-year, 8 % bonds with interest payable semi-annually at an effective interest rate of 11 %. Use the tables in Appendix A to determine the present value of the bonds payable. Using the information from th..

  What was the profit for the year ended june

What was the profit for the year ended 30 June 2015? During the year ended 30 June 2015, Goh brought his own motor car into the business at the value

  Find the price percent coupon bond with ten years

Find the price of a 7.5 percent coupon bond with 10 years left to maturity and a market interest rate of 8.0 percent. (Assume interest payments)

  What the present value of cost to the business of leasing

Tax rate is 20%, pre tax cost of borrowing is 15%. The present value of cost to the business of leasing the machine is closest too

  Find what proposed relaxation of credit standards result

Based on a 360-day year, the proposed relaxation of credit standards would result to an accounts receivable balance of? Red Company's budgeted sales for year

  Find the cost of equity capital using gordon constant

The issue cost is $ 2.50 per share. Determine the cost of equity capital using Gordon's constant growth method (Gordon Growth Model).

  Prepare depreciation schedules for the straight-line methods

Prepare depreciation schedules for the following methods: straight-line, units of- activity, and declining-balance using double the straight-line rate

  Show the partnership and fundamentals of accounts

Multiple choice questions on partnership and fundamentals of accounts - extraordinary item on the income statement?

  What transfer price economically optimal for gage corporate

What transfer price is economically optimal for Gage Corporation? Show computations. Is it ethical to choose a transfer price for tax purposes that is different from the transfer price used to evaluate a business unit's performance?

  Find are fears justified

Find Are her fears justified? Your friend tells you that she bought a 10-year to maturity discount bond that she plans to hold until maturity

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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