Solution-Prepare a schedule for cost of good manufactured

Prepare a schedule for cost of good manufactured

Assignment Help Accounting Basics

Reference no: EM131784909

The following information was taken from the accounts of ABC Corp on December 31, 2010:

			1/1/2010	12/31/2010
			Beginning Inventory	Ending Inventory
Inventories:
	Raw materials		30,000	26,000
	Work-in-progress		24,000	25,000
	Finished goods		15,000	20,000

Costs incurred:	Purchase of raw materials	150,000
	Direct labor	60,000
	Rent, factory	40,000
	Utilities, factory	10,000
	Indirect materials	5,000
	Indirect labor	12,000
	Selling expenses	21,000
	Administrative expenses	26,000

Prepare a schedule for Cost of Good Manufactured for 2010.

Reference no: EM131784909

Questions Cloud

What are its net income and taxable income for the year : Assume that Wahlgren has sufficient W-2 wages to take the full amount of the deduction bases on the applicable percentage for 2016. Based on these facts

Modifying the computegrades sample program : How would you modify the ComputeGrades sample program if the formula for computing the course grade were different for freshman, sophomore, junior.

Design and write an implementation plan for returns process : Design and write an implementation plan for a returns process in this retail grocery business and in a food production, health care, or manufacturing business.

Create a report with your proposed intervention : Conducted a review of the recent literature and created an annotated bibliography (Unit 2), created goals and objectives for your program.

Prepare a schedule for cost of good manufactured : Prepare a schedule for Cost of Good Manufactured for 2010

Prepare a bank reconciliation : Cash balance according to the company's records at March 31, $15,866.00. Prepare a bank reconciliation

What effects did this have on family life : What effects did this have on family life? How has television viewing affected your own family life experiences and dynamics?

What is the purpose of cost accounting iss : What is supply chain? What is the purpose of supply chain management systems?What is the purpose of cost accounting ISs?

Discuss a statement of cash flows using the indirect method : indicate how the information is reported on a statement of cash flows using the indirect method

User Account

All Pages

Prepare a schedule for cost of good manufactured

Reference no: EM131784909

Reference no: EM131784909

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT